Disposal

ABB Ltd
18 September 2002

ABB sells metering business for US$ 244 million

Sale is part of strategy to focus on power and automation technologies

Zurich, Switzerland, September 18, 2002 - ABB, the global power and automation
technology group, said today it has sold its metering business to Ruhrgas
Industries GmbH of Essen, Germany, for US$ 244 million on a cash and debt free
basis.

'Water and electricity metering is no longer a core business for ABB, and its
divestment is part of our strategy to focus on power and automation technology
products for our utilities and industry customers,' said Jurgen Dormann, ABB's
chairman and CEO.

ABB said the proceeds from the sale would be used to further reduce its net
debt.

ABB's global water and electricity meter business is headquartered in Luton,
U.K., and employs about 3,800 people in more than 30 countries. The business,
part of the Automation Technology Products division, reported revenues of about
US$ 450 million in 2001.

The divestment is subject to customary regulatory approvals.


ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impacts. The ABB Group of companies has about 150,000 employees in
more than 100 countries.




                      This information is provided by RNS
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