SAT-GE Announces New Executive Team

SAT-GE (NYSE:GE), the newly announced satellite operator in the
Pacific region, has today completed the appointment of its leadership
team. Drawing on key executives from the industry across the globe,
SAT-GE will be managed by corporate executives from its holding group,
GE International Holdings Inc.

SAT-GE's Management Team:

Paul Heinerscheid, President & CEO

Andrew Jordan, General Manager and VP Sales

David Crenshaw, VP Sales North America

Andy Frost, VP Marketing & Business Development

Ronny Svang, VP Finance & CFO

Jim Lynch, VP & General Counsel

Operations will be managed from Singapore and Sydney by Andrew
Jordan, who joins SAT-GE after 5 years with Loft Communications, where
he was founder and Managing Director. Andrew has over 16 years
experience in the satellite industry and has held senior executive
management positions in AsiaSat, PanAmSat and Measat.

"GE-23 is a unique asset for SAT-GE, ideally positioned between
North America and East Asia. It can be used to deliver content and
services in and around the Pacific basin. With the forthcoming
Olympics in China it is the ideal platform on which to transport video
coverage of this important event in Asia" said Andrew Jordan, General
Manager and VP Sales, "I am really looking forward to the challenge of
making SAT-GE a success and delivering strong growth for the
business".

Andrew will be supported by David Crenshaw who has responsibility
for sales in North America. David brings over 20 years of industry
experience to the job having held previous senior and executive
appointments in sales and business development for companies such as
Intelsat, Spacenet, iBeam Broadcasting and Compression Labs.

Certain members of the team also have executive responsibilities
in the management of Satlynx, the satellite managed services provider,
based in Luxembourg and another business within GE International
Holdings Inc. Satlynx offers corporate networking, wholesale broadband
and managed services across the globe and is a customer of SAT-GE for
satellite capacity over the Pacific region.

"Although there is commonality between Satlynx and SAT-GE, we are
running them as separate businesses," said Paul Heinerscheid,
President & CEO, SAT-GE. "For cost efficiency reasons it makes sense
to subcontract organisational and support functions to Satlynx where
we have a fully functional and self-contained business. Operationally,
SAT-GE and Satlynx are very different and sales and accounting
separation will be maintained between the businesses".

SAT-GE has offices in both Singapore and North America (Washington
DC) and employs a team of talented professionals with substantial
experience in the industry.

For further information please contact:

About SAT-GE

SAT-GE provides satellite capacity on GE-23 across the Pacific
basin, encompassing 6 individual beams, 5 Ku-band and 1 C-band, that
give almost total coverage of both land mass and ocean from Perth in
Australia to Los Angeles in the USA and from Alaska to South New
Zealand. GE-23 offers Ku-band cross connectivity capability between
multiple beams and, in C-band, a single trans-Pacific beam allows
simultaneous uplink and downlink from anywhere within the beam. The
GE-23 satellite located at 172 degrees east was manufactured by
Alcatel Space, a series 4100 spacecraft, with a minimum useful life of
15 years. Launched on 29 December 2005, GE-23 delivers internet
applications, VSAT, data and telecommunications services, and cable
and broadcast programming.

Additional information about SAT-GE and GE-23 can be found at
www.sat-ge.com

About GE

GE (NYSE: GE - News) is Imagination at Work - a diversified
technology, media and financial services company focused on solving
some of the world's toughest problems. GE serves customers in more
than 100 countries and employs more than 300,000 people worldwide. For
more information, visit www.ge.com.