High speed: ALSTOM and AnsaldoBreda (Finmeccanica) signed a
strategic partnership

In the very high-speed segment, it includes the articulated
AGV, a new innovative train under development, based on ALSTOM
technological platform for interregional links on very
high-speed lines. The TGV* Duplex (double deck) is not part of
this agreement.  In the high speed segment, the agreement
includes the new PENDOLINO, a tilting train produced by ALSTOM,
which can run at high speed in curves on conventional tracks,
and the AnsaldoBreda train Holland-Belgium. All the trains both
for ALSTOM and AnsaldoBreda will meet the new European
Interperability standards.

This partnership, which brings together the most important
companies in high-speed train travel, will explore
international business opportunities, offering a complete
product portfolio and a high level of technology that can
compete on all markets.

The trains will be produced in the factories of both
partners. In Italy, the sites involved are Savigliano and Sesto
for ALSTOM, and Pistoia and Naples for AnsaldoBreda. In France,
the ALSTOM industrial sites of La Rochelle, Le Creusot and
Tarbes are also involved in this co-operation. The first joint
new products resulting from this strategic partnership between
ALSTOM and AnsaldoBreda will be ready for commissioning early
2009.

With this agreement Giorgio Zappa, General Manager
of Finmeccanica, declared - AnsaldoBreda reinforces its
presence in a high value market in strong expansion. It will
also consolidate its business, by exploiting the technological
capabilities, developed in more than 100 year of activities
world-wide. This co-operation will also have a relevant impact
on the future development programs of Italian
railways.

 Thanks to this co-operation - ALSTOM Transport
President Philippe Mellier stated - ALSTOM intends to
strengthen its leadership in the high speed and very high speed
segments. Our company contributed to the history of high speed,
since the first TGV* in 1981. Our challenge is to face up
together with our partners a market rich in opportunities and
rapidly meet the clients demands.

This agreement is highly relevant considering that the
rolling stock market, on the high-speed segment, is expected to
grow strongly thanks to the considerable investments foreseen
in the main countries interested in high-speed connections.
Between 2000 and 2004, the worlds high speed & very
high speed train market (excluding Japan) was worth on average
1.6 billion Euro per year. It is expected to grow by close to
50% up  to 2008.

*TGV is an SNCF trademark

Press relations:
S. Gagneraud / G. Tourvieille

(Tél. +33 1 41 49  27 40)

internet.press@chq.alstom.com

Investor relations:
E. Châtelain

(Tél. +33 1 41 49 37 38)

Investor.relations@chq.alstom.com