GE and Fanuc Announce Agreement to Dissolve Joint Venture

FANUC to reinforce industry-leading CNC portfolio; GE to continue global
investment in industrial automation and process control systems, software
solutions and embedded computing
CHARLOTTESVILLE, Va.--(Business Wire)--
GE (NYSE: GE) and FANUC announced today that the two companies have agreed to
dissolve the GE Fanuc Automation Corporation joint venture. This agreement would
allow each company to refocus its investments to grow its existing businesses
and pursue its respective core industry expertise. GE and FANUC expect the
transaction to be completed by the end of this year, subject to satisfactory
customary closing conditions.

Established in 1986 by the joint investments of GE and FANUC, GE Fanuc
Automation Corporation grew to become a leading high-performance technology
company that serves a vast array of industries around the world including the
energy, water, consumer packaged goods, government & defense, and
telecommunications industries. The partnership delivers hardware and software
solutions, services, automation and embedded computing systems; as well as
industry-leading CNC products.

FANUC Honorary Chairman Dr. Seiuemon Inaba said, "Our joint venture has achieved
great success toward its original mission, which was to cooperate on the global
growth and technical development of the PLC and CNC business. Over this time
period, markets and opportunities also have changed dramatically, and both
companies further expanded into adjacent segments. Today`s market conditions are
such that it`s imperative we pursue these expanded opportunities, and while we
have achieved great things together, it`s in both our best interests that we
focus our efforts on industry opportunities unique to our respective companies
and that will deliver greater benefits to both our companies."

GE Fanuc Intelligent Platforms CEO Maryrose Sylvester said, "GE could not have
asked for better partners than Dr. Inaba and FANUC. GE is proud of what our
companies have achieved together - both the industry expertise and success
across our product portfolios. For GE, this change will mean a continued,
intense focus on serving our customers around the world while continuing to
invest in significant growth platforms like process control systems, enterprise
and automation software and embedded computing as we continue to build further
expertise around the GE vertical infrastructure segments."

Under the terms of the agreement:

* GE retains the software, services, embedded systems and control systems
businesses globally. The company will be known as GE Intelligent Platforms, and
will be led by Sylvester.
* FANUC retains the global CNC business.

Sylvester added, "Our top priority is a smooth completion of transition and
continuity for all customers, business partners and employees. We are committed
to delivering our customer commitments in every segment of our business.

About GE

GE (NYSE: GE) is a diversified global infrastructure, finance and media company
that is built to meet essential world needs. From energy, water, transportation
and health to access to money and information, GE serves customers in more than
100 countries and employs more than 300,000 people worldwide. GE is Imagination
at Work. For more information, visit the company's Web site at
http://www.ge.com.

About FANUC

FANUC Ltd., headquartered on the foot of Mt. Fuji, Japan, is the most
diversified manufacturer of FA (Factory Automation), robots and Robomachines in
the world. Since its inception in 1956, FANUC has contributed to the automation
of machine tools as a pioneer in the development of computer numerical control
equipments. FANUC technology has contributed to a worldwide manufacturing
revolution, which evolved from the automation of a single piece of machine to
the automation of entire production lines. FANUC develops better and more
reliable products into the twenty-first century.

Caution Concerning Forward-Looking Statements

This document contains "forward-looking statements" - that is, statements
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GE
Elli Holman, 508-698-7456

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