Reminder: ALSTOM's consolidation of shares effective 3rd
August 2005

ALSTOM's consolidation of shares will be effective Wednesday
3rd August, at the opening of Euronext Paris.

The consolidation of shares will take place through the
exchange of 40 shares for one new share. As an example, the
closing price of 2nd August 2005, at 0.84, would
correspond to a new price of 33.6. The number of ALSTOM
shares will consequently be reduced from 5,498 million shares to
137 million shares.

Press relations:

S. Gagneraud

Tel. +33 1 41 49 27 40

internet.press@chq.alstom.com

Investor relations:

E. Châtelain

Tel. +33 1 41 49 37 38

investor.relations@chq.alstom.com