ALSTOM will refurbish 238 metro cars for Atlanta, United
States, in an order worth 247 million euros

ALSTOM is to overhaul an additional 118 metro cars for the
Metropolitan Atlanta Rapid Transit Authority (MARTA), in a
follow-on option worth about 129 million ($139
million).

MARTA is exercizing the option associated with a contract
awarded December 9, 2002, worth some 118 million ($127
million), under which ALSTOM is overhauling 120 cars.

Including this option, the total number of cars ALSTOM is
refurbishing for MARTA comes to 238, bringing the total value
of the contract to about 247 million ($266 million).

The 118 additional cars, built by ALSTOM between 1979 and
1981, will be refurbished at ALSTOM's facilities in Hornell,
New York. Deliveries are scheduled to begin at the end of 2004,
at the rate of up to eight cars a month.

Michel Moreau, President of ALSTOMs Transport Sector,
said: 'We are pleased with this new vote of confidence from
MARTA. This decision reinforces ALSTOM's position as a leader
in the United States in refurbishing metro cars. ALSTOM is
currently renovating vehicles for the Washington Metropolitan
Transit Authority, New Jersey Transit and the Maryland Mass
Transit Administration.'

Transporting half a million passengers a day, MARTA is one
of the principal metro operators in North America.

ALSTOM has recently won several major orders in the United
States. Particularly notable are a contract worth 980
million for 660 new metro cars for New York, a contract worth
137 million for 62 metro cars for Washington and a
contract worth 430 million for the maintenance of 434
freight locomotives by the Burlington Northern & Santa Fe
Railway Company.

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 and employed 112,000 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, is an
internationally leading supplier of rolling stock,
information systems, services and complete turnkey systems to
the rail industry.

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