On a corporate action affecting ordinary shares of General Electric Company (GE)

On February 29, 2023, General Electric Company provided details about its separation of GE Vernova LLC, a direct, wholly-owned subsidiary of General Electric Company, by way of a Spin-off that will become effective prior to the market open on April 02, 2024. Holders of General Electric Company common stock will be entitled to receive one share of GE Vernova LLC common stock for every four shares of General Electric Company common stock. Following completion of the Spin-off, General Electric Company will change its corporate name to GE Aerospace since April 02, 2024. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.