GE Analysis {Disclaimer }

Disclaimer:

This report on GE is for the primary benefit of clients and friends of Lumen Capital Management, LLC. Its information has been taken from sources deemed to be reliable but cannot be guaranteed. The research done for this report has generated an opinion on GE . Opinion is not fact. It is based on the information we know as of the writing of this document and could change at any time. There is no guarantee that any of the events mentioned above shall occur. While we do not think it is likely, there is no guarantee either real or implied in this report that GE could not significantly decline from these levels or even see its common shares become worthless. Persons other than clients of Lumen Capital Management, LLC who might receive this report should either do their own research or consult their own advisors before taking action based on anything written above. Lumen Capital Management, LLC received no compensation for the preparation of this document. Mr. English does not currently beneficially own shares in GE although positions can change at any time.