ALSTOM and VOSSLOH sign a MOU for the sale of Valencia (Spain) Transport Factory

ALSTOM and VOSSLOH have signed a Memorandum of
Understanding (MOU) regarding the sale of the Albuixech (Valencia,
Spain) ALSTOM Transport factory.

ALSTOM and VOSSLOH have signed a
Memorandum of Understanding (MOU) regarding the sale of the Albuixech
(Valencia, Spain) ALSTOM Transport factory. This document sets out both
the general principles of the sale contract to be negotiated and a
timeframe during which the parties expect the relevant documents to be
signed. Following signature of a binding agreement, closing of this
operation will be subject to customary conditions including approval by
the companies boards and the relevant anti-trust authorities and is
targeted for the end of the year.

The sale of the Albuixech
factory would be part of the commitments made in connection with the
European Commissions approval of ALSTOMs financing package, as
announced in May 2004. 

The Albuixech factory, located north of
Valencia, was built in 1990 and currently employs 420 people. This
production centre comprising 31.000 m2 of buildings specialises in the
manufacture of locomotives and bogies as well as non-modular trains for
the regional market.

Press relations:  
S. Gagneraud /M. Boulot
(Tel. +33 1 41 49 27 40)
internet.press@chq.alstom.com

Investor Relations:
E. Chatelain
(Tel. + 33 1 41 49 37 38)
investor.relations@chq.alstom.com