EU Approval for Disposal

RNS Number:4357N
Alstom
10 July 2003

                                                                   10 July 2003

               ALSTOM RECEIVES EU APPROVAL FOR THE SALE OF ITS 
                INDUSTRIAL TURBINES BUSINESSES TO SIEMENS AG

On 28 April 2003, ALSTOM announced the sale of its small and medium gas turbines
and industrial steam turbines to Siemens AG in two separate transactions. The
first transaction covers the small gas turbines business, and the second
transaction covers the medium-sized gas turbines and industrial steam turbines
businesses.

Today the European Commission has granted formal clearance under the EC Merger 
Regulation for the disposal of ALSTOM's Industrial Turbine activities.

The disposal of the small-sized gas turbines business to Siemens AG was
completed on 30 April 2003 pursuant to a derogation granted by the European
Commission. Decisions from merger control authorities in other jurisdictions,
most notably the US authorities, in respect of the medium-sized gas turbines and
industrial steam turbines businesses disposal are still awaited. Pending receipt
of those other necessary clearances, both the medium-sized gas turbines and
industrial steam turbines businesses continue to be managed by ALSTOM.

Further announcements will be made in due course.

ALSTOM is a global leader in energy and transport infrastructure. The Company
serves the energy market through its activities in the fields of power
generation and power transmission and distribution, and the transport market
through its activities in rail and marine. In fiscal year 2002/03, ALSTOM had
annual sales in excess of Euro20 billion and employed around 100,000 people in over
70 countries worldwide.

Press enquiries:        G. Tourvieille
                        Tel. [phone] 
                        [e-mail]

Investor relations:     J-G. Micol
                        Tel. [phone] 
                        [e-mail]


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