AGM Statement

ABB Ltd
18 May 2004



ABB shareholders re-elect board of directors

Zurich, Switzerland, May 18, 2004 - At the group's annual general meeting today,
ABB shareholders approved the re-election of the board of directors for a
further one-year term of office.

Shareholders overwhelmingly voted in favor of re-appointing the board, which
comprises eight members from six countries. The board said before the annual
general meeting that, if re-elected, it would re-appoint Jurgen Dormann as
chairman, and Jacob Wallenberg as lead director.

At the meeting, Dormann confirmed ABB's business outlook for 2004 and the
previously-communicated targets for 2005.

The shareholders also overwhelmingly approved the other items on the agenda,
including the annual report, the consolidated financial statements and the
annual financial statements for 2003.

A total of 1,087 shareholders attended the annual general meeting, representing
49 percent of the total share capital entitled to vote.

ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 113,000 people.




                      This information is provided by RNS
            The company news service from the London Stock Exchange