NORWALK, CT — March 26, 2008 - GE Commercial Finance Corporate Lending today announced it provided $98.7 million in financing to Rand Logistics, Inc., a bulk freight shipping services provider. The financing, which includes both U.S. and Canadian senior secured credit facilities, will be used for acquisition financing and working capital needs. GE Capital Markets arranged the transaction. GE also provided the company with interest rate risk management.

With operations based in Port Dover, Ontario, and Avon Lake, Ohio, Rand is a leading provider of bulk freight shipping services throughout the Great Lakes region. The company operates vessels in both the U.S. and Canada.

"GE understood our business as well as the trends unique to marine transport in the Great Lakes region," said Joseph W. McHugh, Jr., CFO of Rand Logistics, Inc. "They structured debt financing in combination with interest rate risk management to provide us with increased liquidity and greater predictability as we execute our business plans."

"Companies such as Rand that compete in cyclical industries have many external factors impacting operations," said Gene Leary, transportation industry leader for GE Corporate Lending. "We specialize in understanding the specific needs of these borrowers and providing smarter capital solutions to match."

Industry Specialization
To better meet the unique financing needs of customers, GE Corporate Lending has a team of Industry Leaders supported by dedicated 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; General Manufacturing; Metals and Mining; Retail; Technology & Electronics; and Transportation.

About GE Corporate Lending
With $14 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. In addition, Access GE provides clients with access to GE management best practices to improve business performance. 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