RNS Number:1030N
Alstom
02 July 2003


2 July 2003


                                     ALSTOM

                 ANNUAL SHAREHOLDERS' MEETING OF 2nd JULY 2003



ALSTOM's Annual Shareholders' Meeting was held today, chaired by Patrick Kron,
Chairman and CEO.

All the proposed resolutions were approved by shareholders.

In particular, shareholders have adopted:

- the 2nd resolution related to the approval of the modified consolidated
  accounts,

- the 12th resolution related to the reduction of the nominal value of the
  shares from Euro6 to Euro1.25,

- the 13th resolution authorising the Board of Directors to increase the share
  capital of the Company by the issue of shares, with maintenance of 
  preferential subscription rights.

Patrick Kron commented: "The capital increase, which our shareholders have just
approved, is an important step in our programme to strengthen the balance sheet
of the Company; it will be implemented when we have adequate visibility on the
disposal of our Transmission & Distribution Sector and on the refinancing of the
part of our debt due to mature in the course of next year."

As a result of the losses registered during the fiscal year 2002/2003, no
dividend will be paid to shareholders for this fiscal year.


Press relations:                S. Gagneraud/ G. Tourvieille
                                (Tel. +33 1 47 55 25 87/+33 1 47 55 23 15)
                                internet.press@chq.alstom.com

Investor relations:             J-G. Micol/A. Rebiere
                                (Tel. +33 1 47 55 26 34)
                                Investor.relations@chq.alstom.com





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