Order Signed

ABB Ltd 20 March 2000 ABB Corporate Communications, Zurich John Fox Tel: +41 1317 7371 Fax: +41 1317 7958 john.fox@ch.abb.com ABB Investor Relations, Zurich Manfred Ebling Tel: +41 1317 7266 Fax: +41 1311 9817 investor relations@ch.abb.com ABB confirms $650-million Brazil petrochemicals order Zurich, Switzerland, March 20, 2000 - ABB, the global technology company, confirmed today that a consortium consisting of ABB and Snamprogetti of Italy has signed a US$650-million order to develop a greenfield gas chemical complex near Rio de Janeiro, Brazil. ABB announced in January of this year that it had signed a Letter of Intent on the deal. The order was placed by Rio Polimeros Ltda. and covers the design and construction of ethylene and polyethylene facilities using proprietary ABB ethylene process technology. The plant is scheduled to enter commercial operation at the end of 2003. Rio Polimeros Ltda. is owned by Brazilian petrochemicals groups Suzano and Unipar, as well as state oil company Petrobras and BNDES development bank. ABB is a global technology company serving customers in power transmission and distribution; automation; oil, gas and petrochemicals; industrial products and contracting; and in financial services. Power generation customers are served by ABB ALSTOM POWER. The ABB Group employs about 165,000 people in more than 100 countries.

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