Holding(s) in Company

ABB Ltd
16 October 2002


Putnam Investment Management's holdings in ABB fall below 5 Percent

Zurich, October 16, 2002  -   Pursuant to Art. 20 of stock exchange act, Putnam
Investment Management, LLC, 1 Post Office Square, Boston, MA 02109, one of the
largest U.S. asset management companies, announced that, as per October 10,
2002, it holds for its clients a total of 58,466,298 registered shares of ABB
Ltd, Zurich.  This corresponds to 4.87 percent of total capital and voting
rights.


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