RNS Number:7626O
Alstom
18 August 2003

PRESS INFORMATION                                                 18 August 2003


PIERRE BILGER DECIDES TO REPAY COMPENSATION RECEIVED ON HIS DEPARTURE FROM ALSTOM
 
ALSTOM'S recovery plan involves significant contributions from the Group's
employees, shareholders and financial partners. In addition, the French State
has decided to give its support to the plan. Given these exceptional
circumstances, in a letter dated 14th August 2003, Pierre Bilger, former ALSTOM
Chairman & CEO, informed the Group's Board of Directors of his decision to waive
his contractual termination entitlements, as well as any form of remuneration
due after 11th March 2003, i.e. a gross total of Euro4.1 million. As a consequence,
Pierre Bilger will repay the related sums to ALSTOM. 

 

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


Investor Relations:       J-G. Micol
                          (Tel. +33 1 47 55 26 04)
                          lnvestor.relations@chq.alstom.com



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