Update on ALSTOM's financing package negotiations

As announced in our press release dated 4th August 2003, the
Board of ALSTOM met late yesterday to review progress in the
negotiations of its financing package. Given that the
negotiations are continuing, the Board decided to reconvene
later today to review the situation again.

The Company has consequently requested the Paris, London and
New York stock exchanges to continue the suspension of trading
in its shares. ALSTOM will issue another press release before
08:30 am (Paris time) on Wednesday 6th August.

Press Relations:

S. Gagneraud

Tel. +33 1 47 55 25 87

internet.press@chq.alstom.com

Investor Relations:

E. Chatelain

Tel. +33 1 47 55 25 33

investor.relations@chq.alstom.com