First Nine Months 2005/06 - Orders & Sales (1st April
2005 31st December 2005)

Numerous commercial successes were recorded during
the last quarter (Sept Dec 2005), notably in the Power
Sectors. A very high level of order intake amounting to
5.4 billion (or 4.3 billion without Marine) was
registered, with more than 2 billion for Power
Turbo-Systems / Power Environment alone, compared to 3.8
billion for the same period of last year. This leads us to
review upwards our guidance on orders for the full year from an
anticipated stability versus last year to an estimated increase
of 5% on a comparable basis. Sales at 3.3 billion are in
line with our anticipations and we confirm our year end
guidance of a more than 7% increase on a comparable
basis, said Patrick Kron, Chairman & Chief Executive
Officer of ALSTOM.

Currency & Scope impacts


Orders and sales, as reported, were impacted during the first
nine months of fiscal year  2005/06 by a positive currency
translation effect (approximately 2% on orders and sales). But
figures reported were negatively impacted by the disposals
which have occurred during the last two years (locomotives in
Spain, Transport activities in Australia/New Zealand,
FlowSystems, Power Conversion and other minor activities).


The reported figures by Sector are presented in appendix 1. The
comparable figures (see appendix 2) adjust the reported figures
for these two effects. A geographic breakdown of reported
orders and sales is given in appendix 3. Last years
reported and comparable numbers have been restated under IFRS
GAAP.



We comment below on the comparable figures.


Orders received: 12.9 billion


Orders registered in Q3 2005/06 were at an
exceptionally high level, at 5.4 billion, as a result of
the booking of a large number of gas turbine projects as well
as some related Operation and Maintenance contracts and a
1.1 billion order for two cruise ships.



For the first nine months of fiscal year 2005/06, Power
Turbo-Systems / Power Environment and Power Service recorded a
strong increase in their orders received, while Transport was
slightly down from a high level last year.



The total backlog increased at around 29 billion,
equivalent to approximately 25 months of sales.


Sales: 10.2 billion



Sales recorded in Q3 are up 5% as compared to the same period
of last year, in line with expectations.



Sales for the first nine months of fiscal year 2005/06 were up
10% compared with the same period of the previous year. This
reflects an increase in Power Turbo-Systems / Power
Environment, Power Service and Transport sales, partly offset
by the expected lower sales in Marine.

Sector Reviews

Power Turbo-Systems / Power Environment



For the first nine months of 2005/06, order intake increased by
16% as compared to the same period of last year. The third
quarter was particularly strong (2.1 billion), with the
booking of several major orders: a coal power plant in Germany,
turnkey contracts including twelve GT13 gas turbines in
Argentina, Oman, Nigeria and Australia and one GT26 combined
cycle power plant in Spain as well as a contract for
environmental control systems in the UK.



For the first nine months of the year, the level of sales
strongly increased (+28%), following the rebound of orders last
year.

Power Service


For the first nine months of 2005/06, orders remained
sound, with an increase of 12%  versus the same period of
the previous year, confirming the continued growth of the
market and ALSTOMs favourable position. The main
projects registered in Q3 included Operation and Maintenance
contracts related to the gas turbine orders in Nigeria, Spain
and Oman, as well as the service part of the environmental
control system order in the UK.



Sales for the first nine months of 2005/06 showed an increase
of 4%.

Transport


Orders in Q3 2005/06 amounted to 1.2 billion.
The main orders registered included rolling stocks for the
Paris metro in France, regional trains in Germany and a
signalling contract (ERTMS) in Italy.



For the first nine months of 2005/06, orders decreased by 5% as
compared to the same period of last year. By geographical zone,
the strongest decrease came from Asia where a major contract of
600 million was recorded in Q3 last year in China.
Europe remains the Sectors largest market with two
thirds of total orders.



Sales for the first nine months of 2005/06 increased by 3% as
compared to the first nine months of 2004/05.

Marine


As previously indicated, an order for two cruise ships for MSC
was booked in Q3 2005/06. The sales figure was weak, with no
significant delivery during the period.

Outlook


Following this positive third quarter, we expect orders for the
full year 2005/06 to be up 5%, on a comparable basis versus
last year and we confirm our guidance on sales for a more than
7% increase on a comparable basis.

Press relations:  S. Gagneraud/G. Tourvieille


(Tel. +33 1 41 49 27 40 / +33 1 41 49 27 13)

internet.press@chq.alstom.com

Investor relations: E. Châtelain


(Tel. +33 1 41 49 37 38)

Investor.relations@chq.alstom.com

This press release contains forward-looking statements
which are based on current plans and forecasts of
ALSTOMs management. Such forward-looking statements
are by their nature subject to a number of important risk and
uncertainty factors (such as those described in the documents
filed by ALSTOM with the French AMF) that could cause actual
results to differ from the plans, objectives and expectations
expressed in such forward-looking statements. Such
forward-looking statements speak only as of the date on which
they are made, and ALSTOM undertakes no obligation to update
or revise any of them, whether as a result of new
information, future events or otherwise.

Reported Figures (Unaudited)

Comparable Figures (Unaudited)

Geographic Breakdown

Reported Figures (Unaudited)