IT Outsourcing Negotiations With EDS Terminated

ALSTOM announced on 20 November 2002 that EDS had been
chosen as preferred bidder for the project to outsource the
Companys IT infrastructure, applications and related
services.

Since then, negotiations have proceeded, but the two parties
have been unable to reach mutually acceptable terms for the
transaction. It has been decided, therefore, to terminate
negotiations.

ALSTOM continues to favour outsourcing its IT in order to
reduce costs, while delivering improved operational efficiency,
and higher IT service and quality levels.

Press enquiries
G. Tourvieille

Tel. +33 1 47 55 23 15

gilles.tourvieille@chq.alstom.com

Investor relations
E. Rocolle-Teyssier

Tel. +33 1 47 55 25 78

investor.relations@chq.alstom.com