GE Signs Agreement With Glen Dimplex to Deliver Smart Grid Solutions to European Consumers

SOUTHAMPTON, England, October 22, 2010 - General Electric (GE) and Glen Dimplex, a European home
heating and appliance company, have signed a joint development agreement to
help accelerate the availability of smart grid technologies for European
homes. As part of the agreement, Glen Dimplex is exploring how to integrate
GE's "smart grid"-enabled Brillion(TM) home energy management (HEM)
technologies into its home heating products to help European consumers better
manage their electricity usage and costs.

"This agreement is about two companies with complementary capabilities
aggregating their strengths to work toward commercializing HEM solutions in
the European market," said Kevin Nolan, vice president and chief technology
officer, GE Appliances. "This collaborative effort leverages GE's smart grid
technology expertise with Glen Dimplex's extensive European market
penetration, which could help expedite product availability and support the
European Union's aggressive climate and energy goals."

The agreement between GE and Glen Dimplex includes
collaboration in three key areas:

    - End-to-End Home Energy Management Solutions: Glen Dimplex
      will explore how to integrate GE Brillion(TM) smart grid technologies
      into its heating, renewable and energy storage products. Brillion
      technologies would enable these products to receive and automatically
      respond to utility price signals -- sent through the home's smart
      meter - and operate when it's most cost-effective and efficient to do
      so. GE's Nucleus(TM) Home Energy Manager would serve as the
      communications gateway between the utility meter and the appliances,
      helping consumers control up to 75 percent of their home's consumption.

    - Interoperable Products for the European Smart Grid: GE's
      Nucleus with Brillion technology is built on a platform of open,
      interoperable standards, which enable seamless integration with Glen
      Dimplex's appliances and heating products.

    - Demonstrations: The two companies will work together to
      explore opportunities for utility pilots to help demonstrate the
      ability to achieve greater efficiencies through smart grid-enabled
      solutions in the home.

Glen Dimplex welcomes the collaboration with GE. "Combining
the strengths of Glen Dimplex and GE in the area of Home Energy Management
will provide a totally integrated home solution which will meet the needs of
a European market which is determined to reduce energy usage, reduce carbon
emission and optimise the use of renewable energy" said Neil Stewart,
Managing Director Renewables Glen Dimplex.

The EU has set a target date of 2020 to reduce its greenhouse gas
emissions by 20 percent, increase its efficiency by 20 percent, and generate
20 percent of its energy from renewable energy sources. Smart grid
technologies - including smart meters on homes - will help utilities manage
energy demand, improve efficiency, and integrate renewable power.

To help manage demand without building additional power
plants, utilities are estimated to install more than 110 million smart meters
on EU homes by 2015 (
www.swedishwire.com/economy/5551-smart-electricity-meters-boom-in-europe).
Among other benefits, smart meters will enable utilities to send price
signals to HEM technologies, which have the capability of automatically
lowering or deferring the electrical consumption of certain home appliances
when electricity rates and energy demand are highest - without
inconveniencing the customer.

For more information on GE's suite of Brillion smart home, visit:
www.geconsumerproducts.com/pressroom/press_releases/appliances/energy_efficient_products/Nucleus_2010.htm.

(Due to the length of these URLs, it may be necessary to copy and paste
the hyperlinks into your Internet browser's URL address field. Remove the
space if one exists.)

About GE Appliances & Lighting

GE Appliances & Lighting spans the globe as an industry leader
in major appliances, lighting, systems and services for commercial,
industrial and residential use. Technology innovation and the company's
ecomagination(SM) initiative enable GE Appliances & Lighting to aggressively
bring to market products and solutions that help customers meet pressing
environmental challenges. General Electric (NYSE: GE), imagination at work,
sells products under the Monogram(R), Profile(TM), GE(R), Hotpoint(R),
Reveal(R) and Energy Smart(R) consumer brands, and Tetra(R), Vio(TM) and
Immersion(R) commercial brands. For more information, consumers may visit
www.ge.com.

About GE's ecomagination

GE is driving a global energy transformation with a focus on
innovation and R&D investment to accelerate the development and deployment of
clean energy technology. Since its inception in 2005, more than 90
ecomagination-approved products have been brought to market with revenues
reaching $18 billion in 2009. With $5 billion invested in R&D its first five
years, GE committed to doubling its ecomagination investment and collaborate
with partners to accelerate a new era of energy innovation. The company will
invest $10 billion in R&D over five years and double operational energy
efficiency while reducing greenhouse gas emissions and water consumption. As
part of the initiative, GE launched "GE ecomagination Challenge: Powering the
Grid", a $200 million financial commitment challenging innovators to join in
building the next-generation power grid. For more information, visit the
ecomagination website at ge.ecomagination.com/index.html.

About Glen Dimplex

Glen Dimplex is the world's largest electrical heating company and holds
a leadership position in Europe in the Heat Pump Sector. Glen Dimplex
supplies complete renewable energy solutions comprising Heat Pumps, Solar
Thermal, Solar PV, Heat Recovery and Ventilation. A continuous investment
programme, EUR40m over the past 5 years, demonstrates Glen Dimplex's
commitment to Renewable Energy Technologies. Bringing together the GE Home
Energy Manager and the Glen Dimplex range of renewable and domestic products
ensures customers have a fully integrated, energy optimised home solution
with can meet the energy challenges of the 21st Century. For more information
visit the website at www.glendimplex.com.

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