ALSTOM and LØGSTØR RØR sign an agreement for
the sale of ALSTOMs Flowsystems Business

ALSTOM's Flowsystems Business is headquartered in Fredericia
(Denmark) and has units in Sweden, Poland, Finland, Lithuania,
Germany, Austria, France, Italy and Holland. FlowSystems is
currently part of ALSTOM's Power Service Sector.

This operation is subject to its approval by the relevant
competition authorities and therefore closing could be
anticipated before the end of June.

Flowsystems manufactures and sells insulated pipe systems
for district heating to approximately 40 countries and recorded
sales of 150 million in 2004/05, mainly in Northern and
Central Europe. It employs approximately 600 persons.

LØGSTØR manufactures and sells similar products
and is headquartered in Løgstør (Denmark).

Press relations:

S. Gagneraud / G. Tourvieille

Tel. +33 (0)1 41 49 27 40

internet.press@chq.alstom.com

Investor Relations:

E. Châtelain

Tel. +33 (0)1 41 49 37 38

investor.relations@chq.alstom.com