ALSTOM receives EU approval for the sale of its Industrial
Turbines business 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
ALSTOMs 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 20 billion and
employed around 100,000 people in over 70 countries
worldwide.

Press enquiries:


G. Tourvieille


Tel. +33 1 47 55 23 15

internet.press@chq.alstom.com

Investor relations:


J-G. Micol


Tel.+33 1 47 55 26 34

investor.relations@chq.alstom.com