STAMFORD, Conn., July 2 /PRNewswire/ -- Regarding the cash tender offers (the "Offers") and consent solicitations (the "Consent Solicitations") commenced by General Electric Capital Corporation (the "Company") on March 5, 2009, the Company is pleased to announce that it has received the requisite consents from holders of its outstanding Floating Rate Notes due February 1, 2050 (CUSIP/ISIN Number 369622CF0/US369622CF08) subject to the Offers and Consent Solicitations (the "Consented Series") sufficient to approve the proposed amendments to the indenture governing the Consented Series. As a result, holders of the Consented Series may no longer withdraw or revoke their tenders and/or consents. The Company intends to promptly enter into a supplemental indenture to the indenture that governs the Consented Series; such supplemental indenture will incorporate the proposed amendments which will become operative with respect to the Consented Series upon settlement. The Company intends to settle payments with respect to the Consented Series on July 7, 2009.

The Company previously announced on April 8, 2009, May 5, 2009 and June 22, 2009 that it had received the requisite consents from holders of a total of thirteen other series of notes subject to the Offers and Consent Solicitations. The Company entered into supplemental indentures to the indentures governing such series of notes and settled payments with respect to such notes on April 9, 2009, May 6, 2009 and June 23, 2009.

The Company also hereby gives notice that it is extending the "Expiration Date" and the "Initial Consent Date", each as set forth in the Offer Documents (as defined below), to 5:00 p.m., New York City time, on July 21, 2009, for those series of debt securities listed in the table appearing below that are subject to the Offers and Consent Solicitations (the "Remaining Securities") for which the Company has not yet received the requisite consents from holders to certain proposed amendments to the indentures governing the Remaining Securities. As a result, holders of the Remaining Securities may assure their eligibility to (a) obtain payment of the applicable "Consent Consideration" by providing their consent to the proposed amendments, while retaining their Remaining Securities, or (b) obtain payment of the "Early Consideration" by tendering their Remaining Securities prior to the Consent Date with respect to the applicable series; in each case as defined in, and subject to the terms and conditions set forth in, the Company's Offers to Purchase and Consent Solicitations Statement, dated March 5, 2009, and the related Consent and Letter of Transmittal (as amended or supplemented, together, the "Offer Documents"). Holders who have previously tendered their Remaining Securities or delivered their consents without a related tender of the Remaining Securities do not need to re-tender their Remaining Securities, re-deliver their consent or take any other action in response to this extension in order to continue to be eligible to receive the Consent Consideration or Early Consideration, as applicable.

The Remaining Securities are set forth in the table below. As of 5:00 p.m., New York City time on Thursday, July 2, 2009, holders had validly tendered or delivered consents for the Remaining Securities in the amounts provided in the table.

                                            Aggregate Principal
                                               Amount of the
       CUSIP/                                Notes Tendered or
    ISIN Number    Title of Security        Consents Delivered   Percentage
    -----------   -----------------------   -------------------  ----------
     369622CB9/      8.300% Notes due
    US369622CB93    September 20, 2009             $157,999,000      63.20%

     369622CA1/   Floating Rate Notes due
    US369622CA11      August 1, 2049                   $925,000      53.62%

The terms and conditions of the Offers and Consent Solicitations for the Remaining Securities are set forth in the Offer Documents.

Except as described above, all other terms and conditions of the Offers and Consent Solicitations remain in full force and effect.

Citi is acting as dealer manager for the Offers and Consent Solicitations. Questions regarding the transaction and the procedures for tendering and consenting may be directed to Citi by telephone at (800) 558-3745 (toll-free).

Global Bondholder Services is the information agent for the Offers and Consent Solicitations. Requests for documentation should be directed to Global Bondholder Services at (866) 807-2200 (toll-free).

This legal announcement is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The Offers and Consent Solicitations are being made solely pursuant to the Offer Documents, which set forth the complete terms of the Offers and Consent Solicitations.

SOURCE General Electric Capital Corporation