ALSTOM wins a 370M Euro overhaul contract for Washington
metro rolling stock

The Board of the Washington Metropolitan Area Transit
Authority (WMATA) has awarded ALSTOM a contract valued at 370M
euros to overhaul 364 of its 764 car rapid transit fleet.

For the contract, ALSTOM will completely refurbish the metro
cars, which were built between 1983 and 1988, replacing the
existing propulsion systems with its state-of-the-art
ONIX traction drives, and installing an advanced cab
signaling system. This will significantly reduce the cars'
energy consumption and maintenance costs, while improving
overall reliability.

Work will be carried out at ALSTOM's Hornell and
Rochester,NY, facilities. Deliveries are scheduled from August
2002 through June 2005.

Michel Moreau, President of ALSTOM's Transport Sector, said,
'We are delighted by WMATA's choice of ALSTOM. This contract
represents the Washington metro's largest single order and is
the most comprehensive fleet renovation it has ever undertaken.
This order represents an important step in the development of
ALSTOM Transport in the United States.'

ALSTOM is the global specialist in energy and transport
infrastructure. The company serves the energy market through
its activities in the fields of power generation, power
transmission and distribution, power conversion and electrical
contracting and the transport market through its activities in
rail and marine. Following the full integration of the power
generation activities, ALSTOM today has annual sales in excess
of 20 billion euros and employs more than 140,000 people in
over 70 countries.

ALSTOM Transport, with sales of over 4 billion euros and a near
20% market share, is a leading supplier of rolling stock,
signaling, services and railway systems to the rail industry
world-wide.

Press relations:

Dorothée Mandonnet (Tel : + 33 1 47 55 20 83) / Gilles
Tourvieille

internet.press@chq.alstom.com

Investor relations:

Heather Green (Tel : +33 1 47 55 25 78)

Investor.relations@chq.alstom.com

Internet :
http://www.wcm.alstom.com