U.S. Securities & Exchange Commission investigating ALSTOM

Aug. 12, 2003 — ALSTOM announced on 30 June 2003 that it had been advised that the United States Securities and Exchange Commission was conducting an informal inquiry relating to ALSTOM Transportation Inc. (ATI), a US subsidiary of the Company.

ALSTOM has now been advised that the United States Securities and Exchange Commission has issued a formal order of investigation in connection with its inquiry relating to ATI.

ALSTOM said it is continuing to cooperate fully with the Securities and Exchange Commission.


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