Bond priced

ABB Ltd
19 November 2003

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES (OR TO U.S.
PERSONS) OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE
PROHIBITED BY APPLICABLE LAW.

ABB successfully sells EUR 650 million bonds

Bond offer five times over-subscribed

Zurich, Switzerland, November 19, 2003 - ABB, the leading power and automation
technology group, said today it has successfully priced and sold EUR 650 million
bonds maturing in November 2011.


The transaction, one of the three pillars of ABB's capital strengthening program
announced on October 28, 2003, was five times over-subscribed and priced at the
lower end of the indicated pricing range.


'I am very encouraged that this important part of our capital strengthening
program has been so well received,' said Peter Voser, ABB's chief financial
officer.


Under the capital strengthening program, ABB has signed a three-year US$ 1
billion credit facility agreement with a group of banks, and ABB shareholders
will vote tomorrow at an extraordinary general meeting on a proposed share
capital increase expected to raise about US$ 2.5 billion.


The bonds, which will be issued by ABB International Finance Limited under its
Euro Medium Term Note program, will have a coupon of 6.5 percent. The proceeds
will be held in escrow until the completion of the share capital increase. The
bookrunners for the transaction are Deutsche Bank, Barclays Capital and HVB
Corporates & Markets.


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 120,000 people.


Some of the information contained in this press release contains forward-looking
statements.  Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, and
that actual results may differ materially from those in the forward-looking
statements as a result of various factors.  ABB undertakes no obligation to
publicly update or revise any forward-looking statements.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES (OR TO U.S.
PERSONS) OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE
PROHIBITED BY APPLICABLE LAW.


This press release is for information purposes only and is not an offer to sell,
or the solicitation of an offer to buy, any securities. The distribution of this
press release and the offer and sale of the securities in certain jurisdictions
may be restricted by law. Any persons reading this press release should inform
themselves of and observe any such restrictions.

This press release is not an offer of securities for sale in the United States.
The offer and sale of the securities have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended. The securities may
not be offered or sold in the United States or to U.S. persons absent such
registration or an applicable exemption from registration. The issuer does not
intend to make a public offering of the bonds in the United States.

This press release is directed only at persons who (i) are outside the United
Kingdom or (ii) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2001
(together referred to as 'relevant persons'). This communication must not be
acted on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons.

Stabilization/FSA

Investor Relations:
Switzerland: Tel. [phone]
Sweden: Tel. [phone]
USA: Tel. [phone]
[e-mail]

Media Relations:

ABB Corporate Communications, Zurich
Thomas Schmidt, Wolfram Eberhardt
Tel:  [phone]
Fax: [phone]
[e-mail]

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