The consolidation of shares approved at the Annual General
Meeting of shareholders

The Ordinary and Extraordinary Shareholders Meeting
held earlier today approved all resolutions submitted to
shareholders vote. In particular, it approved the
consolidation of 40 shares into 1 new share as well as the
usual financial authorisations available in a listed company.
Following this vote, the consolidation of shares will take
place on 3 August 2005, when the new ALSTOM shares are
listed.

Shareholders also ratified the nomination of Mr. Francis Mer
as a director, replacing Mr. George Simpson, who has resigned.




Contacts:

Press: 


G. Tourvieille / S. Gagneraud


Tél. +33 1 41 49 27 13 / +33 1 41 49 27 40

internet.press@chq.alstom.com

Investor Relations:


Emmanuelle Châtelain


Tél. +33 1 41 49 37 38)

investor.relations@chq.alstom.com