Announcement

ALSTOM announces the appointment
of Philippe Jaffré as Adviser to the Chairman and CEO,
Pierre Bilger, with immediate effect.

He will assume responsibility for
all the financial affairs of the Company and will be a member
of the Executive Committee.

Philippe Jaffré has held a
wide range of executive positions in banking, industry and
government which equip him particularly well for this
role.

Prior to taking up his most recent
position as Chairman of the Board of 'Zebank', an internet bank
founded by LVMH and Dexia, he was Chairman and CEO of Elf
Aquitaine and before that CEO of Crédit Agricole, a
leading international bank. He began his career in the Ministry
of Finance, where he held several senior civil service
positions.

François Newey, Chief
Financial Officer of the Company since March 1998, has agreed
to remain in his position until July of this year, reporting to
Philippe Jaffré, following which he will leave the
Company. A new Chief Financial Officer will be appointed in due
course.

Pierre Bilger said: 'We thank
François for his contribution over the past few years,
during which he has played a significant role in the strategic
repositioning of the Company, as well as in the IPO and the
Secondary Offering. I am confident that Philippe's financial,
business and international experience will be invaluable to
ALSTOM at a time when the Company is implementing a major plan
to significantly improve its operational performance and
financial structure.'

Press enquiries:

G. Tourvieille/S.Gagneraud


(Tel. +33 1 47 55 23 15)


internet.press@chq.alstom.com

Investor relations:

R. Shaw


(Tel. +33 1 47 55 25 78)


investor.relations@chq.alstom.com