Agreement from Banks

ALSTOMs core banks have committed to underwrite
1 billion of the capital increase with preferential
subscription rights which will be submitted for shareholders at
the Groups Ordinary and Extraordinary Annual General
Meeting to be held on 9 July 2004.

ALSTOM has also launched the syndication of a bonding
facility for a maximum of 8 billion which should cover
the Groups commercial needs for the next 24 months.
ALSTOMs core banks have already confirmed that they will
provide 6.6 billion of this new facility, corresponding
to approximately 18 months of new bonding.

Press relations:


S. Gagneraud / G. Tourvieille


(Tél. +33 1 47 55 25 87)

internet.press@chq.alstom.com

Investor relations:


E. Chatelain


(Tél. +33 1 47 55 25 33)

Investor.relations@chq.alstom.com