ALSTOM to build 168 Metropolis Cars for Shanghai Metro in
€184 million order

The Shanghai Mass Transit Yangpu Line Development Co. has
ordered 28 six-car ALSTOM METROPOLIS trainsets worth about
184 million for the citys future Yangpu metro
line.

The Yangpu line will run from the Yangpu district in the
north of the city to Pudong in the southeast. The
23.4-kilometer line will have 24 stations and offer access to
the future Universal Studios theme park and the World Expo 2010
park in Pudong.

The 168 METROPOLIS cars in this order are based on the
vehicles that ALSTOM is building for the city's Xinmin line.
Delivery is scheduled to begin in October 2005 and to be
complete by the end of 2007.

ALSTOMs plant in Barcelona will manufacture the first
train and car-body shells, and the Le Creusot site in France
will manufacture bogie frames.

Chinese content will account for 70 percent of the
manufacturing. Shanghai ALSTOM Transport Co. (SATCO), a joint
venture between ALSTOM and Shanghai Electric Corp., will
complete assembly of the cars and carry out the painting,
fitting out and testing of the vehicles.

The project includes a technology-transfer program for the
build of bogie frames, the assembly of bogies and of aluminum
modules, and for the electrical equipment for traction
motors.

Faced with fast-growing demand for mass public
transportation, the city is planning to build nine new metro
lines. Shanghai has ordered nearly 500 ALSTOM metro cars for
the Xinmin, Pearl and Yangpu metro lines. Eleven trains are
already in service on the Pearl line, and trains should enter
service on the Xinmin line by the end of the year.

Our success in Shanghai shows the contribution that
ALSTOM can make in the Asia-Pacific region, said
Philippe Mellier, president of ALSTOM Transport, where
rail transport is a key driver in economic development. We
expect Asia to be an important growth market for us.

With more than 35 product lines and a presence in more than
60 countries, ALSTOM's Transport sector offers a complete range
of products and services for new rolling stock, signaling, and
electrical and mechanical infrastructure as well as maintenance
and rehabilitation services to four distinct types of
customers: urban transit authorities and operators; intercity
passenger rail operators and rolling stock owners; rail freight
operators; and intercity railway infrastructure owners.
ALSTOM's Transport sector, with sales of 5.1 billion in
financial year 2002-2003, is among the world's leading
suppliers to the railway industry.

Notes on the METROPOLIS line

METROPOLIS is the world's most successful modular metro train.
Since the range was developed in 1997, ALSTOM has sold more
than 1,500 cars worldwide, both in simple rolling-stock orders
and as part of full turnkey solutions. The modular conception
of METROPOLIS gives customers choice of car size, aluminum or
stainless-steel car bodies, mechanically fastened or welded
constructions, and manned or unmanned operation.

Contacts:

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internet.press@chq.alstom.com

Trade press

Helen Connolly

Tel.: +33 (0)1 41 66 91 43

helen.connolly@transport.alstom.com

Investor relations

Emmanuelle Chatelain

Tel.: +33 (0)1 47 55 25 33

investor.relations@chq.alstom.com