NORWALK, CT — July 21, 2008 - GE Commercial Finance Corporate Lending today announced it agented $112 million in senior secured notes to fund the development, construction, and operation of a greenfield recycled containerboard facility by Pratt Paper LA, LLC, a Louisiana-based subsidiary of Pratt Industries (U.S.A.), Inc.

Founded in 1985 in Conyers, GA, Pratt Industries U.S.A. is one of the country's largest paper and packaging companies with manufacturing facilities in 20 states. The Pratt Paper LA project is the company's latest waste-to-energy containerboard mill being built in Shreveport, LA. Once operational, the mill will use 100 percent recycled fiber input to produce approximately 360 thousand tons of containerboard per year.

"GE combined in-depth corrugated packaging manufacturing knowledge and project finance expertise to deliver the capital we required," said Anthony Pratt, chairman and CEO of Pratt Industries U.S.A. "We valued their ability to provide creative solutions to address the complexities unique to this project."

"Our project finance and industry experts worked closely with Pratt to understand their needs and provide financing to match," said Jeff Lupoff, senior managing director of GE Corporate Lending's Structured Finance Group. "GE's access to capital, in combination with our experience in investing in capital intensive, cyclical industries, enabled us to help Pratt meet their business objectives."

To view a brief video featuring Structured Finance Senior Managing Director, Jeff Lupoff, discussing structured finance, visit: http://www.gelending.com/Clg/http_stream/lupoff_video/lupoff.html?catagory=video&id=undefined&bandwidth=11849

To view a brief video featuring GE Corporate Lending?s Pulp, Paper and Packaging Industry Leader, Jon Rager, discussing trends within the sector, visit: http://www.gelending.com/Clg/http_stream/rager_video/rager.html?catagory=undefined&id=undefined&bandwidth=14381

Industry Specialization
To better meet the unique financing needs of customers, GE Corporate Lending has a team of Industry Leaders supported by research analysts. These industry experts help build smarter financing solutions for companies across key industries: Aerospace & Defense; Automotive; Chemicals & Plastics; Construction; Food, Beverage & Agribusiness; Financial & Business Services; Forest Products; Metals and Mining; Restructuring; Retail; Technology & Electronics; and Transportation.

About GE Corporate Lending
With $17 billion in assets, GE Commercial Finance Corporate Lending is one of North America's largest providers of asset-based, cash flow, structured finance and other financial solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, GE Corporate Lending specializes in serving the unique needs of borrowers seeking $20 million to $2 billion and more for working capital, growth, acquisitions, project finance and turnarounds. Visit www.gelending.com/clnews to learn more.

About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $300 billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) 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.

Contacts:
GE Corporate Lending, Norwalk
Jeff Wilson
(203)229-1887
jeffrey.wilson@ge.com

GE Commercial Finance, Norwalk
Ned Reynolds
(203)229-5717
ned.reynolds@ge.com