Bondholders Approval

ABB Ltd
28 May 2004


ABB bondholders approve modification of US $968 million convertible bond

Zurich, Switzerland, May 28, 2004 - ABB said today that bondholders, meeting in
London, have approved the amendments to the terms and conditions of the US $968
million convertible bond, issued by ABB International Finance Limited, which is
due in 2007.

The amendments modify the conversion rights contained in the bonds so that upon
conversion bondholders receive dollar-denominated American Depositary Shares 
('ADS') instead of Swiss franc-denominated ordinary shares. Each ADS represents
one ordinary share of ABB Ltd.

ABB said the modifications greatly simplify the accounting treatment of this
bond and remove related volatility from ABB's financial statements. Removing the
volatility factor results in increased transparency.

ABB Ltd has listed its shares on the New York Stock Exchange (in the form of
ADS) since April 6, 2001.

Barclays Capital, Citigroup Global Markets Limited and Credit Suisse First
Boston (Europe) Limited were advising ABB.

The bonds have the following identifiers: ISIN Code: XS0147497217 Common Code:
014749721.

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




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