GEC General Electric Company

Company:           General Electric Company

ISIN:                     US3696043013

Symbol:               London: GEC

NOTICE OF INTENTION TO DELIST FROM THE LONDON STOCK EXCHANGE

June 19, 2024

General Electric Company (operating as GE Aerospace, the "Company") refers to the Company's ordinary shares (ISIN US3696043013) ("Shares"), which are admitted to listing on the standard listing segment of the Official List of the UK Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of the London Stock Exchange (the "LSE"), trading and settling as CREST Depository Interests representing Shares ("CDIs") (such admission to listing and to trading, the "LSE Listing").

The Company announces today that, as part of a simplification project across multiple jurisdictions and following a comprehensive review of the trading volume, cost and administrative requirements related to the LSE Listing, it has requested (i) the FCA to cancel the listing of the Company's Shares on the standard listing segment of the Official List of the FCA, and (ii) the LSE to cancel the admission to trading of the Company's Shares on the main market for listed securities of the LSE (collectively, the "LSE Delisting").

Simultaneously with the LSE Delisting, the Company is in the process of delisting the Shares from Euronext Paris and SIX Swiss Exchange. Copies of the relevant announcements released on June 19, 2024 are attached as appendices 1 and 2 to this announcement.

Pursuant to Listing Rule 5.2.8R, the Company is required to give at least 20 business days' notice of the intended LSE Delisting. Accordingly, it is intended that the LSE Delisting will become effective from 8:00 a.m. (British Summer Time) on July 18, 2024, such that the last date of trading of the Shares on the LSE will be July 17, 2024.

Following the LSE Delisting, (i) it will no longer be possible to trade Shares on the LSE, and (ii) the Company will continue to maintain the primary listing of its Shares on the New York Stock Exchange (the "NYSE").

Shareholders who hold CDIs are urged to consult their own investment advisors and brokers on the actions that can be taken in respect of their holdings of CDIs, including the necessary steps and actions required to convert their holdings of CDIs into holdings of Shares that can be traded on the NYSE.

The LSE Delisting is expected to have limited impact for shareholders who hold their Shares on the NYSE. However, any shareholder that has any questions in relation to the LSE Delisting is recommended to consult their investment adviser or broker.

Contact:                GE Aerospace Investor Contact:

Blaire Shoor, 617.443.3400

blaire.shoor@ge.com 

GE Aerospace Media Contact:

Nicole Sizemore, 203.945.9783

nicole.sizemore@ge.com

About GE Aerospace:

GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

APPENDIX 1 - ANNOUNCEMENT RELATING TO DELISTING FROM EURONEXT PARIS

GE Aerospace Announces Voluntary Delisting of GE Common Stock from Euronext Paris, the London Stock Exchange and the SIX Swiss Exchange

EVENDALE, Ohio - June 19, 2024 - GE AEROSPACE (GENERAL ELECTRIC COMPANY; NYSE: GE) announced today that, as part of a simplification project following the launch of GE Aerospace as an independent public company, it has submitted applications for the delisting of GE common stock (ISIN Code US3696043013) from Euronext Paris, the London Stock Exchange and the SIX Swiss Exchange (the "Delisting"). This action follows a comprehensive review of the trading volume, cost and administrative requirements related to these listings. Following the Delisting, GE Aerospace shares will continue to be traded on the New York Stock Exchange ("NYSE"), GE Aerospace's primary listing exchange.

The following required information is provided in connection with the Delisting from Euronext Paris. The Delisting has been approved by the Listing Board of Euronext Paris S.A.

Information Regarding Delisting Procedure for Euronext Paris

A sales facility procedure (the "Sales Facility") will be put in place from 21 June 2024 to 19 July 2024 (the "Sales Facility Period") to allow shareholders to sell on the NYSE their GE Aerospace shares which are listed on Euronext Paris and held in the Euroclear France clearing system (the "GE Aerospace Euronext Shares"). GE Aerospace has appointed Uptevia to act as centralizing agent under the Sales Facility (the "Centralizing Agent").

During the Sales Facility Period, shareholders with GE Aerospace Euronext Shares will have the following options:

·    sell on a voluntary basis all or part of their GE Aerospace Euronext Shares on the NYSE by participating in the Sales Facility (described in more detail below); or

·    retain all or part of their GE Aerospace Euronext Shares, which will continue to be traded on Euronext Paris during the entire Sales Facility Period until and including the trading day prior to the date of the Delisting.

The GE Aerospace Euronext Shares will be delisted from Euronext Paris on 25 July 2024 (the "Delisting Date").

Shareholders not participating

Shareholders who do not wish to sell their GE Aerospace Euronext Shares under the Sales Facility or directly on Euronext Paris, or have otherwise taken no action by the Delisting Date, will be able to trade their GE Aerospace Euronext Shares on the NYSE, subject to the terms and conditions applied by their financial intermediaries.

Participating shareholders

Shareholders who wish to sell their GE Aerospace Euronext Shares on the NYSE under the Sales Facility should request their financial intermediaries to deliver their GE Aerospace Euronext Shares during the Sales Facility Period to the Centralizing Agent, pursuant to the procedure described below.

The GE Aerospace Euronext Shares delivered to the Centralizing Agent during the Sales Facility Period will be sold on the NYSE as from 26 July 2024 by a broker, at market prices prevailing at the time of the sale. The Centralizing Agent will calculate the average sale price of the GE Aerospace Euronext Shares and will be in charge of transferring the sale proceeds (which will be converted into euros from U.S. dollars by Uptevia) to the GE Aerospace shareholders participating in the Sales Facility once it has received the funds for the sale of all of the GE Aerospace Euronext Shares tendered under the Sales Facility.

GE Aerospace will pay the brokerage commissions on the NYSE for the sale of GE Aerospace Euronext Shares tendered pursuant to the Sales Facility, the fee of the Centralizing Agent and any applicable foreign exchange commission that would be incurred in connection with the Sales Facility.

The Sales Facility procedure is also described in a Euronext notice to be published on 19 June 2024.

No guarantee can be given by GE Aerospace or by the Centralizing Agent as to the price at which the GE Aerospace Euronext Shares tendered pursuant to the Sales Facility will be sold. The Sales Facility is being provided solely as an accommodation to holders of GE Aerospace Euronext Shares. Holders (and in particular individual investors) of GE Aerospace Euronext Shares may decide not to participate in the Sales Facility or may decide not to take any action, in which case no guarantee can be given on the terms, including costs, that would be applied by their financial intermediary after the Delisting. Individual investors are urged to consult their own investment advisors before deciding to participate or not in this process.

The contemplated timetable of the Sales Facility and the Delisting can be summarized as follows (it being specified that GE Aerospace reserves the right to amend this calendar):

GE Aerospace shareholders participating in the Sales Facility are reminded that they acknowledge and accept (i) the risk implied from the change in the share market price and/or applicable exchange rates between the date on which their shares are delivered to Uptevia for participation in the Sales Facility and the receipt of the applicable average sale proceeds, and (ii) that from the time the GE Aerospace Euronext Shares are delivered to Uptevia, they will not be entitled to any subsequent dividend declared by GE Aerospace. They are also reminded that any orders to tender GE Aerospace Euronext Shares to the Sales Facility are irrevocable, as is the subsequent sale of such GE Aerospace Euronext Shares tendered on the NYSE.

Shareholders may request any additional information from their custodian and usual financial intermediary, who has received the details of the Delisting.

About GE AEROSPACE

GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

GE Aerospace Investor Contact:

Blaire Shoor, 617.443.3400

blaire.shoor@ge.com

GE Aerospace Media Contact:

Nicole Sizemore, 203.945.9783

nicole.sizemore@ge.com

APPENDIX 2 - ANNOUNCEMENT RELATING TO DELISTING FROM SIX SWISS EXCHANGE

Official Notice

Nr.:                      

Titel:                     GE Aerospace, Evendale, Ohio, United States

Valoren-Nr.:           112258433

ISIN:                     US3696043013

Tickersymbol:        GE

General Electric Company operating as GE Aerospace: Delisting of all Secondary Listed Shares from SIX Swiss Exchange

The board of directors of GE Aerospace has resolved to initiate the delisting procedure of GE Aerospace shares from the non-U.S. exchanges on which it is actively listed: the SIX Swiss Exchange, Euronext Paris and the London Stock Exchange.

GE Aerospace has thus applied for delisting all its secondary listed shares with nominal value of USD 0.01 each from SIX Swiss Exchange. With decision of 18 June 2024 SIX Exchange Regulation has approved the delisting application of GE Aerospace and has set the last trading day to be on 19 September 2024. The delisting will thus be effective as of 20 September 2024. Following the delisting from SIX Swiss Exchange, (i) it will no longer be possible to trade GE Aerospace shares on SIX Swiss Exchange, and (ii) GE Aerospace will continue to maintain the primary listing of its shares on the New York Stock Exchange (the "NYSE").

Shareholders who hold GE Aerospace shares on SIX Swiss Exchange are requested to consult their own investment advisors or brokers on the actions that must be taken in respect of their holdings of shares to facilitate the trading of their shares on the NYSE.

Datum:                  19 June 2024

Vertreter:               Niederer Kraft Frey AG

Person:                 Philippe Weber

Telefon:                +41 (0)58 800 8000