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Wabtec Corporation WAB, 0.29% today appear able sales and EPS advance for the 2018 third division and affirmed its full-year EPS guidance.

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2018 Third Division Consolidated Results

2018 Third Division Articulation Results

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Cash Breeze and Balance Sheet Summary

Backlog and New Orders

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2018 Full-Year Advice Based on its year-to-date after-effects and full-year forecast, Wabtec expects 2018 revenues to be about $4.35 billion and EPS to be about $3.85 excluding estimated costs accompanying to the proposed GE Busline merger, costs for restructuring and the furnishings of tax law changes. The company’s adapted operating allowance ambition for the abounding year is about 13 percent. For the year, Wabtec expects banknote breeze from operations to be about $200 million. Raymond T. Betler, Wabtec’s admiral and arch controlling officer, said: “With a solid excess and absolute trends in our markets, we apprehend to accomplishment the year with a able fourth quarter, both in balance and banknote flow, to position the aggregation for advance in 2019. Our bales business continues to appearance able advance in revenues and assets from operations, with acceptable bazaar indicators for the accountable future. In transit, we accept a near-record excess and able behest activity, as we booty accomplishments to drive acceptable advantage improvements in the business. We are authoritative advance against accumulation with GE Busline and are aflame about our cardinal opportunities to advance accession for our customers, while carrying bigger earnings, margins and banknote breeze for our shareholders.”

Update on GE Busline Alliance In May 2018, Wabtec entered into a absolute acceding to amalgamate with GE Transportation, a assemblage of Accepted Electric Aggregation GE, -3.03% The aggregate will accomplish Wabtec a Fortune 500, all-around busline baton in abuse equipment, software and services, with operations in added than 50 countries. In affiliation with the proposed combination, Wabtec will authority a appropriate affair of stockholders on Nov. 14, 2018 to accede and vote on proposals to alter its allotment to access the cardinal of accustomed shares of Wabtec accepted banal and to accept the arising of Wabtec accepted banal to aftereffect the merger. The appropriate affair will be captivated at 9 a.m. Eastern time at The Duquesne Club, 325 Sixth Avenue, Pittsburgh, PA 15222. Wabtec’s stockholders of almanac at the aing of business on Oct. 11, 2018, are advantaged to accept apprehension of, and to vote at, the appropriate meeting. Additional advice accompanying to the allotment amendment, the allotment issuance, the proposed aggregate and the appropriate affair is included in the absolute proxy account anachronous and filed with the SEC on Oct. 12, 2018. The absolute proxy account was aboriginal mailed to Wabtec’s stockholders on or about Oct. 12, 2018. The proposed aggregate with GE Busline is accepted to be completed by aboriginal 2019, accountable to accepted closing conditions. It is accessible that the proposed aggregate could be completed at an beforehand time if the closing altitude are annoyed sooner. Wabtec Corporation (www.wabtec.com) is a arch all-around provider of equipment, systems and value-added casework for alteration and bales rail. Through its subsidiaries, Wabtec articles a ambit of articles for locomotives, bales cars and driver alteration vehicles. The aggregation additionally builds new switcher and driver locomotives, and provides aftermarket services. The aggregation has accessories amid throughout the world.

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Wabtec will host a alarm with analysts and investors at 10 a.m., eastern time, today. To accept via webcast, go to www.wabtec.com and bang on “Webcasts” in the “Investor Relations” section.

Additional Advice and Where to Find It In affiliation with the proposed transaction amid Accepted Electric Aggregation (“GE”) and Wabtec, Busline Systems Backing Inc., a wholly endemic accessory of GE created for the transaction (“SpinCo”), has filed with the SEC a allotment account on Form 10 and Wabtec has filed with the SEC a allotment account on Form S-4 and a absolute proxy account on Schedule 14A. If the transaction is accomplished via an barter offer, GE will book with the SEC a Schedule TO with account thereto and a allotment account on Form S-4/S-1 absolute a prospectus. This advice is not a acting for any absolute proxy statement, allotment statement, proxy statement/prospectus or added abstracts GE, Wabtec and/or SpinCo may book with the SEC in affiliation with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE DOCUMENTS WHEN THEY BECOME AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, AND OTHER DOCUMENTS FILED BY GE, WABTEC OR SPINCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and aegis holders will be able to access chargeless copies of these abstracts and added abstracts filed with the SEC by GE, Wabtec and/or SpinCo through the website maintained by the SEC at www.sec.gov. Investors and aegis holders will additionally be able to access chargeless copies of the abstracts filed by GE, Wabtec and/or SpinCo with the SEC from the corresponding companies by administering a accounting appeal to GE and/or SpinCo at Accepted Electric Company, 41 Farnsworth Street, Boston, Massachusetts 02210 or by calling 617-443-3400, or to Wabtec at Wabtec Corporation, 1001 Air Brake Avenue, Wilmerding, PA 15148 or by calling 412-825-1543. No Action or Address This advice is for advisory purposes alone and not advised to and does not aggregate an action to subscribe for, buy or sell, the address of an action to subscribe for, buy or sell, or an allurement to subscribe for, buy or sell, any balance or the address of any vote or approval in any administration pursuant to or in affiliation with the proposed transaction or otherwise, nor shall there be any sale, arising or alteration of balance in any administration in contravention of applicative law. No action of balance shall be fabricated except by agency of a announcement affair the requirements of Area 10 of the Balance Act of 1933, as amended, and contrarily in accordance with applicative law. Participants in the Address This advice is not a address of a proxy from any broker or aegis holder. GE, Wabtec, SpinCo, their corresponding directors, controlling admiral and added associates of their administration and advisers may be accounted to be participants in the address of proxies from shareholders of Wabtec in affiliation with the proposed transaction. Advice apropos the bodies who may, beneath the rules of the SEC, be accounted participants in the address of proxies in affiliation with the proposed transaction, including a description of their absolute or aberrant interests, by aegis backing or otherwise, will be set alternating in the accordant abstracts back filed with the SEC. Advice apropos the admiral and controlling admiral of GE is independent in GE’s proxy account for its 2018 anniversary affair of shareholders, filed with the SEC on March 12, 2018, its Anniversary Report on Form 10-K for the year concluded December 31, 2017, which was filed with the SEC on February 23, 2018, its Annual Report on Form 10-Q for the division concluded June 30, 2018, which was filed with the SEC on July 27, 2018 and assertive of its Accepted Letters filed on Form 8-K. Advice apropos the admiral and controlling admiral of Wabtec is independent in Wabtec’s proxy account for its 2018 anniversary affair of shareholders, filed with the SEC on April 5, 2018, its absolute proxy account for its appropriate affair of shareholders, which was filed with the SEC on October 12, 2018, its Anniversary Report on Form 10-K for the year concluded December 31, 2017, which was filed with the SEC on February 26, 2018, its Annual Report on Form 10-Q for the division concluded June 30, 2018 which was filed with the SEC on July 31, 2018 and assertive of its Accepted Letters filed on Form 8-K. These abstracts can be acquired chargeless of allegation from the sources adumbrated above. Caution Concerning Forward-Looking Statements This advice contains “forward-looking” statements as that appellation is authentic in Area 27A of the Balance Act of 1933, as amended, and Area 21E of the Balance Barter Act of 1934, as adapted by the Private Balance Action Ameliorate Act of 1995, including statements apropos the proposed transaction amid GE and Wabtec and statements apropos Wabtec’s expectations about approaching sales and earnings. All statements, added than absolute facts, including statements apropos the accepted timing and anatomy of the proposed transaction; the adeptness of the parties to complete the proposed transaction because the assorted closing conditions; the accepted allowances of the proposed transaction, including approaching banking and operating results, the tax after-effects of the proposed transaction, and the accumulated company’s plans, objectives, expectations and intentions; legal, bread-and-er and authoritative conditions; and any assumptions basal any of the foregoing, are advanced statements. Advanced statements affair approaching affairs and after-effects and added statements that are not absolute facts and are sometimes articular by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target” or added agnate words or expressions. Advanced statements are based aloft accepted plans, estimates and expectations that are accountable to risks, uncertainties and assumptions. Should one or added of these risks or uncertainties materialize, or should basal assumptions prove incorrect, absolute after-effects may alter materially from those adumbrated or advancing by such advanced statements. The admittance of such statements should not be admired as a representation that such plans, estimates or expectations will be achieved. Important factors that could account absolute after-effects to alter materially from such plans, estimates or expectations include, amid others, (1) that one or added closing altitude to the transaction, including assertive authoritative approvals, may not be annoyed or waived, on a appropriate base or otherwise, including that a authoritative article may prohibit, adjournment or debris to admission approval for the cleanup of the proposed transaction, may crave conditions, limitations or restrictions in affiliation with such approvals or that the appropriate approval by the shareholders of Wabtec may not be obtained; (2) the accident that the proposed transaction may not be completed on the agreement or in the time anatomy accepted by GE or Wabtec, or at all; (3) abrupt costs, accuse or costs consistent from the proposed transaction; (4) ambiguity of the accepted banking achievement of the accumulated aggregation afterward achievement of the proposed transaction; (5) abortion to apprehend the advancing allowances of the proposed transaction, including as a aftereffect of adjournment in commutual the proposed transaction or amalgam the businesses of GE, Wabtec and SpinCo; (6) the adeptness of the accumulated aggregation to apparatus its business strategy; (7) difficulties and delays in accomplishing acquirement and amount synergies of the accumulated company; (8) disability to absorb and appoint key personnel; (9) the accident of any accident that could accord acceleration to abortion of the proposed transaction; (10) the accident that actor action in affiliation with the proposed transaction or added settlements or investigations may affect the timing or accident of the proposed transaction or aftereffect in cogent costs of defense, apology and liability; (11) evolving legal, authoritative and tax regimes; (12) changes in accepted bread-and-er and/or industry specific conditions; (13) changes in the accepted timing of projects; (14) a abatement in bales or driver abuse traffic; (15) an access in accomplishment costs; (16) accomplishments by third parties, including government agencies; and (17) added accident factors as abundant from time to time in GE’s and Wabtec’s corresponding letters filed with the SEC, including GE’s and Wabtec’s anniversary letters on Form 10-K, alternate annual letters on Form 10-Q, alternate accepted letters on Form 8-K and added abstracts filed with the SEC. The above account of important factors is not exclusive. Any advanced statements allege alone as of the date of this communication. Neither GE nor Wabtec undertakes any obligation to amend any advanced statements, whether as a aftereffect of new advice or development, approaching contest or otherwise, except as appropriate by law. Readers are cautioned not to abode disproportionate assurance on any of these advanced statements.

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Contact:

Tim Wesley Phone: 412.825.1543 E-mail: [email protected] Website: www.wabtec.com

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Wabtec Corporation 1001 Air Brake Avenue Wilmerding, PA 15148

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