RNS Number:2097Q
Alstom
26 September 2003


                                                               26 September 2003



ALSTOM SELLS ITS TRANSMISSION & DISTRIBUTION ACTIVITIES TO AREVA FOR Euro950
MILLION

ALSTOM has reached an agreement to sell its Transmission & Distribution
activities to Areva, for an entreprise value of Euro950 million, which is another
key step in its continuing disposal programme.

The Transmission & Distribution Sector sells products, systems and services for
the medium and high voltage markets. The Sector's Power Conversion activities
are not part of the transaction and will remain within ALSTOM. 

In the last financial year, ALSTOM's Transmission & Distribution Sector 
(excluding the Power Conversion activities) generated sales of Euro3.2 billion,
accounting for 15% of ALSTOM's revenues.  It employs 25,000 people in 70 
countries.

Commenting on the planned sale, Patrick Kron, Chairman and CEO of ALSTOM said:
"This transaction constitutes another key step in implementing the action plan I
launched on 12 March 2003. I also believe that T&D has a bright future in the
Areva Group." 

The transaction is subject to normal closing conditions, including regulatory 
clearances and the completion of employee consultations. Closing is expected in 
January 2004.
 
Press enquiries:                    S. Gagneraud/G. Tourvieille 
                                    Tel. +33 1 47 55 25 87/23 15 
                                    internet.press@chq.alstom.com


Investor relations:                 E. Chatelain
                                    Tel.+33 1 47 55 25 33
                                    investor.relations@chq.alstom.com

M: Communications:                  L. Tingstrom
                                    Tel. +44 789 906 6995
                                    tingstrom@mcomgroup.com   

           


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