Patrick Kron Succeeds Pierre Bilger as Chairman of the
Board of ALSTOM

At a meeting held on 11 March 2003, following a proposal by
Pierre Bilger, the Board of Directors of ALSTOM has appointed
Patrick Kron Chairman and Chief Executive Officer of ALSTOM.
This appointment, with immediate effect, shortens a transition
period initially planned to last until 31 December 2003.

Pierre Bilger said: 'For the past three months, as Chief
Executive Officer, Patrick Kron has taken on the management of
the Company with skill, energy and determination. There is no
need to extend further this transition period. In the interest
of clarity and efficiency, I have therefore proposed to the
Board that he also becomes Chairman with immediate effect. On
the eve of my departure from this Company, which I managed for
twelve years, I am convinced that under Patrick Kron's
leadership, its exceptional human, technical and industrial
potential, combined with its strong market positions
world-wide, will allow ALSTOM to overcome its present
difficulties and restore its shareholders' confidence.'

Patrick Kron declared : 'Pierre Bilger grew ALSTOM into one
of the world leaders in the transport and energy infrastructure
markets. Under his leadership, the Company registered
world-wide a number of industrial and commercial successes, and
built a strong reputation for innovation. Together with the
Board members and all the staff of the Company, I pay tribute
to Pierre and his strong personal commitment.

The Board has also co-opted with immediate effect
Gérard Hauser, Chairman and CEO of Nexans, as a member of
the Board and this appointment will be submitted for
ratification at the next Shareholders Meeting.

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.

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