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, our sense 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.

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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. Performance 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.

Technology and environment

We offer our customers innovative 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 rail technology 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 highperformance transport solutions.

We are a united team and we know how to work as one on complex highvalue-added projects. Building on our renowned expertise, we have a real "lets do it together" attitude. People 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 the reference 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

PWER/LEAF/GTCU03/eng/CSER3/08.03/CH/4706 - ALSTOM (Switzerland) Ltd, CH-5401 Baden/Switzerland - 2004. 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.

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Our common values

We share three essential values: Trust, Team and 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 responsibility given to each decision maker, the delegation of authority 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 the management 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 of customer orientation, integrated into our daily activities and into each project. Action involves adopting a sense of urgency in 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.

This document is available on Altair, the Group intranet.

PWER/LEAF/GTCU03/eng/CSER3/08.03/CH/4706 - ALSTOM (Switzerland) Ltd, CH-5401 Baden/Switzerland - 2004. 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.

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