GE Capital Retail Bank Extends Belk Private Label Credit Card Program, Builds on Retailer’s 125 Years of Success

  GE Capital Retail Bank Extends Belk Private Label Credit Card Program,
  Builds on Retailer’s 125 Years of Success

 Updated Credit Card Design and 125 Days of Service Sponsorship Mark Retailer
                                  Milestone

Business Wire

STAMFORD, Conn. & CHARLOTTE, N.C. -- March 26, 2013

GE Capital Retail Bank, which provides consumer financing solutions to
retailers to help grow their customer sales, today announced an extension of
their multi-year agreement to offer the Belk Rewards private label credit card
program. Belk, the nation’s largest privately owned retailer, sold the credit
card portfolio to GE Capital and launched the enhanced offering in 2005. GE
Capital’s Retail Finance business, which manages the relationship and services
the account, is also commemorating Belk’s 125^th anniversary, releasing an
updated branded credit card with a 125 years icon to their accountholders and
serving as an exclusive, presenting sponsor for Belk’s 125 Days of Service
initiative, dedicated to improving conditions at 250 Title 1 schools in
low-income communities in 16 states.

The Belk Rewards branded credit card enables customers* to enjoy a range of
benefits, including exclusive rewards and discounts, special financing offers,
no annual fee, detailed monthly billing statements, online account management,
and advance notice of savings opportunities and events. Applications are
available at any of the more than 300 Belk stores, online at Belk.com, and
integrated with social channels, including Facebook.com/Belk.

“GE Capital has been a true partner, helping us foster strong customer loyalty
and bring valuable rewards to our Belk shoppers with convenient financing
options and a dedicated line of credit to use for all Belk purchases,” said
Tim Belk, chairman and CEO of Belk, Inc. “We’re pleased to continue our
relationship with GE Capital, joining together on our 125 Days of Service, and
innovating and building opportunities for the future.”

“Belk and GE Capital share a long history and deep commitment to providing a
customer-focused shopping experience,” said Paula Clayton, general manager,
Belk Rewards program, GE Capital’s Retail Finance business.“We enjoy
celebrating their rich heritage and continuing to work with their team to
bring solutions to their business and customers.”

For 80 years, GE Capital’s Retail Finance business has provided billions of
dollars in consumer financing through major retailers and more than 200,000
small- and mid-sized businesses throughout the United States. The company
helps merchants build their businesses through consumer financing programs
that drive business growth and customer satisfaction, and supports its clients
with proprietary online technology, comprehensive training, and retail
insights and analytics.

*subject to approval and availability

About Belk, Inc.

The first Belk store opened in Monroe, N.C., on May 29, 1888. Today, Belk,
Inc. is the nation’s largest privately owned and operated department store
company with more than 300 fashion department stores in 16 contiguous Southern
states and sales totaling $3.5 billion in its past fiscal year. The company
seeks to be the department store of choice in each community it serves by
providing superior service and merchandise that meets customers' needs for
fashion, value and quality. For more information, go to www.belk.com or
Facebook.com/Belk.

About GE Capital's Retail Finance business

GE Capital’s Retail Finance business is among the country’s most successful
retail lenders, with 80 years of experience in consumer financing. The
business, with its lending entity GE Capital Retail Bank, provides customized
credit programs to retailers and consumers in the United States and Canada
that help drive sales. This includes private label and bankcard credit
programs to major national, regional and independent retailers in the U.S., as
well as private label credit programs, promotional and installment lending,
bankcards and financial services for consumers through dealers; contractors;
manufacturers; healthcare practices; and service providers across nearly 20
industries. More information can be found at www.gogecapital.com and
twitter.com/GoGECapital.

GE Capital is one of the world’s largest providers of credit. For over one
million businesses, large and small, GE Capital provides financing to
purchase, lease and distribute equipment, as well as capital for real estate
and corporate acquisitions, refinancings and restructurings. For our 100+
million consumer customers, GE Capital offers credit cards, sales finance
programs, home, car and personal loans and credit insurance. For more
information, visitwww.gecapital.comor follow company news via Twitter
@GECapital.

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website atwww.ge.com.

Editor Note: New 125 Years Credit Card graphics and Belk Builders
Advertisement available

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Contact:

For GE Capital Retail Bank and Retail Finance:
Cristy Williams, 678-518-2596
cristy.williams@ge.com
or
Dori Abel, 203-585-6702
dori.abel@ge.com