ALSTOM Awarded 137 Million Euro Contract By Washington, DC
Metro To Supply 62 Subway Cars

The contract
also includes an option for 120 additional cars

The Washington
Metropolitan Transportation Authority (WMATA) Board of
Directors voted today to award ALSTOM a 137 million euro
contract for the design and manufacture of 62 new heavy rail
subway cars. The cars are for use on the Blue Line extension to
the Largo Town Center and for service growth. The contract
includes the cars, spare parts, special tools and
training.

The contract also
includes an option to supply an additional 120 new subway cars
for use on the Orange Line extension to Tysons Corner and
projected service growth. The option has a potential value of
205 million euros to ALSTOM if exercised by WMATA.

The new cars will
be assembled in ALSTOMs facilities in Hornell, near New
York. The cars will be fitted with ALSTOMs proven
propulsion technology, the ONIX
^TM traction drives, and an advanced cab
signaling system.

Michel Moreau,
President of ALSTOM's Transport sector, said: "This new
contract with WMATA, which follows their order placed in 2000
for the overhaul of 364 subway cars, is a further demonstration
of our customer's confidence in ALSTOM's products and services.
This is the latest of a series of orders received for the North
American market, confirming our true competitive advantage in
this region."

After a
competitive procurement process, WMATA stated that ALSTOM
provided the "best value" to the Authority. In particular,
WMATA technical evaluation team selected ALSTOM as having the
best overall technical proposal. ALSTOM was ranked highest in
technical design, engineering and capability. Other factors
noted in WMATAs decision were ALSTOMs excellence
in testing and training, as well as management approach,
credible delivery schedule and past performance.

In addition,
ALSTOM is also currently providing new Comet V passenger rail
coaches for the expanding New Jersey Transit fleet as well as
overhauling subway cars for WMATA and the Chicago Transit
Authority.

/

ALSTOM is the
global specialist 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 2001/02, ALSTOM had annual
sales in excess of 23 billion euros and employed 118,000
people in over 70 countries.

ALSTOM is
listed on the Paris, London and New York stock
exchanges.

ALSTOM's
Transport Sector, with annual sales of 4.4 billion euros, is
an internationally leading supplier of rolling stock,
information systems, services and complete turnkey systems to
the rail industry.

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25 78)

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