RENFE awards ALSTOM-CAF consortium two orders worth more
than 1.7 billion euros

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ALSTOM leads the consortium for the supply and maintenance of
the 30 shuttle trains, and its share of the value of this order
is 476 million euros.

ALSTOM will also participate in the mechanical construction,
supply of electrical equipment and the maintenance of the 45
variable-gauge units; its share of this order is 551 million
euros.

ALSTOM's total share of these orders, including maintenance,
is 1.027 billion euros.

Contractual details remain to be finalized before signature,
and ALSTOM intends to book the orders in the financial year that
starts April 1, 2004.

The shuttle trains, which will have a top speed of
250 kph, will reinforce RENFE's fleet for intercity shuttle
service on high-speed lines.

The high-speed trains destined for regional service will have
a top speed of 250 kph and be able to run on two different
railway gauges.

ALSTOM's Santa Perpetua plant and CAF's Beasain and Zaragoza
plants will share the work of building body shells and assembling
the trainsets. ALSTOM and CAF will also provide comprehensive
maintenance services for a 14-year period.

Delivery of the shuttle trains is scheduled to begin in
October 2006, with the first trains entering service in April
2007. The final delivery is scheduled for January 2008.

Delivery of the variable-gauge high-speed trains will begin in
October 2006 and end in May 2009.

Philippe Mellier, president of ALSTOM Transport, said:
“We're pleased that RENFE has chosen ALSTOM again for its
high-speed intercity service, just as we're delivering the first
units of the previous contract for these trains; these units are
currently undergoing testing and will enter commercial service
during the year.

“I would like to underline that since the entry into
service of the Madrid-Lleida line, high-speed trains built and
maintained by ALSTOM have been operating with nearly 100 percent
punctuality. This order once again confirms RENFE's confidence in
ALSTOM's high-speed equipment and indeed our overall leadership
in this segment.”

Photo: One of the
shuttle
trains that ALSTOM is currently delivering to RENFE.

With more than 35 product lines and a presence in more than
60 countries, ALSTOM's Transport sector offers complete
products and services for new rolling stock, signaling and
electrical and mecanical infrastructure as well as maintenance
and rehabilitation services to four distinct types of
customers: urban transit authorities and operators; intercity
passenger rail operators and rolling stock owners; rail freight
operators; and intercity railway infrastructure owners.
ALSTOM's Transport sector, with sales of 5.1 billion euros
in financial year 2002-2003, is among the world's leading
suppliers to the railway industry.

Press information:

Helen Connolly

Tel. +33 (0)1 41 66 91 43

helen.connolly@transport.alstom.com

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