CONNECTED EXEMPT MARKET-MAKERS;
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Dealing in  General Electric Co...(name of company)

Class of security Ordinary.

Date of disclosure 23rd January 2004...

Date of dealing 20th January 2004....

Name of EMM J.P. Morgan Securities Ltd...

Name of offeree/offeror with whom connected Amersham Plc


Total number of securities purchased            37,600

Highest price paid*                             33.36 USD   

Lowest price paid*                              33.36 USD


Total number of securities sold                    37,600
                                                        
Highest price received*                 33.36 USD

Lowest price received*                  33.36 USD


* Currency must be stated