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Brand and Values

Platform

OUR IDENTITY

Vision, Ambition, Mission, Values

Development Guide August 2006

Alstom establishes its individual and collective values

Message from the Chairman and Chief Executive Officer

Alstom is now engaged on a sustained and durable growth strategy. It is

thus essential that everyone throughout the Group, regardless of the entity

they belong to, the function they carry out or the country they work in, share

a common definition of Alstoms vision, ambition and values. A shared

identity, ambition and vision reinforces the image that we give of ourselves,

built on two key assets: our technological expertise to support economic and

social development, while respecting the environment, and our care for

people strategy. Shared values ensure cohesion within the Group, oursense of team work and our individual commitment.

This shared identity and values will strengthen the foundation of our Group

in our two activities, and contribute to the confidence of our customers, our

partners and suppliers, our shareholders, the public and all the other

stakeholders who are involved in our activities and development.

I want these values to be firmly established, to be communicated to all our people and to be integrated by all of

us in our daily activities. This brand and values platform, the result of a shared building process, is currently

being deployed throughout Alstom. I count on all of you to make it your own as a tool for progress.

Patrick Kron

- ALSTOM - 2007. ALSTOM, the ALSTOM logo and any alternative version thereof are trademarks and service marks of ALSTOM. The other names mentioned, registered or

not, are the property of their respective companies. The technical and other data contained in this document is provided for information only. Neither ALSTOM, its officers and

employees accept responsibility for or should be taken as making any representation or warranty (whether express or implied) as to the accuracy or complete ness of such data or

the achievement of any projected performance criteria where these are indicated. ALSTOM reserves the right to revise or change this data at any time without further notice.1/3

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Our Identity

We are Alstom, a high-tech industrial company that is a major player in the

markets for systems, equipment and services in power generation and rail

transport. We serve infrastructure markets that are key to global economic

development and social progress.

We are a successful global company, focused on leadership in our two core

activities and driving customers satisfaction through effective project

execution.

We are firmly pursuing a strategy of profitable growth. Our shareholders,

partners and customers fully support our business development.

We offer our customersinnovative solutions at the leading edge of technology.

We have a unique capacity in integrated solutions and advanced technologies

in power generation. We enjoy a leading position worldwide in high-speed railtechnology and complex signalling systems, with outstanding expertise in

urban transport systems.

We are a front-runner in environmental protection and sustainable

development, thanks to our unrivalled systems for emissions control and

electricity production optimisation, and to our energy-saving, safe and high-

performance transport solutions.

We are a united team and we know how to work as one on complex high-

value-added projects. Building on our renowned expertise, we have a real "lets

do it together" attitude.

The people at Alstom have written our success stories of the past and will write

those of the future. Each individual plays a crucial role in shaping our common

destiny. Care for people, talent development and the recognition of the

individual and collective contribution of our employees are at the very heart of

our priorities.

Our ambition and vision

We want to be thereference group in high tech solutions for energy and transport, shaping a sustainable future for the

planet.

Our challenge is to provide energy and transport infrastructures which successfully combine economic development, social

progress and respect of the environment.

We want to design for our customers the reliable solutions needed to meet this challenge, through innovation and

excellence in project execution. By pushing our own limits, we will create a sustainable competitive advantage enabling us

to build a leadership position. Through profitable growth, we will generate value for our shareholders and opportunities

for our people and business partners

People

Technology and

environment

Performance

WER/LEAF/GTCU03/eng/CSER3/08.03/CH/4706 - ALSTOM (Switzerland) Ltd, CH-5401 Baden/Switzerland - 2004. ALSTOM, the ALSTOM logo and any alternative

sion thereof are trademarks and service marks of ALSTOM. The other names mentioned, registered or not, are the property of their respective companies. The technical and

er data contained in this document is provided for information only. Neither ALSTOM, its officers and employees accept responsibility for or should be taken as making any

resentation or warranty (whether express or implied) as to the accuracy or complete ness of such data or the achievement of any projected performance criteria where these

indicated. ALSTOM reserves the right to revise or change this data at any time without further notice.

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Our common values

We share three essential values: Trust, Teamand Action. These values have been selected by the Groups Executive

Committee as they correspond to the way in which the Group has defined its fundamental rules. These rules shall protect

us in the future against the problems we encountered in the past.

These values integrate and reinforce the rules of behaviour already implemented in the Companys Sectors.

Trust

Alstom, with its two activities, three Sectors, several management structures, units, production sites and countries, is by

definition a complex company. Mutual trust between colleagues and management is essential for the proper conduct of

our business and the efficient management of our projects.

This trust is built on; the responsibilitygiven to each decision maker, the delegationofauthority given, the belief of

each employee in the importance of their role in the Groups well-being and development. It is also built on the

openness of each individual to his or her professional environment, ensuring transparency, which is vital in themanagement of risks.

Team

Alstoms business is based on delivering projects which require our collective discipline and efforts to execute them

successfully, and networking to ensure we take full advantage of all the competencies available. This team spirit,

supported by the desire to develop each employee, extends to our collaboration with our partners and customers.

Action

Alstom commits to delivering products and services to its customers which meet their expectations in terms of price,quality and delivery schedules. To meet our commitments to our customers, action is a priority for all of us.

Action is built on strategic thinking, established at Group and Sector level, and underlined by our sense ofcustome

orientation, integrated into our daily activities and into each project. Action involves adopting a sense of urgencyin our

activities, speed of execution to differentiate us from our competitors, and the ability to report ensuring the

achievement of our business objectives. Leadership is essential to drive action.

r

This document is available onAltair, the Group intranet.

WER/LEAF/GTCU03/eng/CSER3/08.03/CH/4706 - ALSTOM (Switzerland) Ltd, CH-5401 Baden/Switzerland - 2004. ALSTOM, the ALSTOM logo and any alternative

sion thereof are trademarks and service marks of ALSTOM. The other names mentioned, registered or not, are the property of their respective companies. The technical and

er data contained in this document is provided for information only. Neither ALSTOM, its officers and employees accept responsibility for or should be taken as making any

resentation or warranty (whether express or implied) as to the accuracy or complete ness of such data or the achievement of any projected performance criteria where these

indicated. ALSTOM reserves the right to revise or change this data at any time without further notice.

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