Re Contract

ABB Ltd 1 March 2002 ABB wins US$ 32 million power order in Saudi Arabia Substation and technology upgrades for Jubail United Petrochemical Company Zurich, Switzerland, March 1, 2002 - ABB, the global power and automation technology group, said today that it has won a US$ 32 million order from the Jubail United Petrochemical Company in Saudi Arabia for a new gas-insulated substation, technology upgrades to two existing substations and a 22-kilometer power transmission line. The substations will tie into the Saudi Electricity Company - Eastern Region Branch network, increasing efficiency, stability and productivity, said ABB. 'This order highlights the importance of partnering with key customers to better understand their technology challenges,' added Dinesh Paliwal, executive vice- president and head of ABB's Process Industries division. 'It also underlines our ability to provide the petroleum and petrochemicals industry with complete electrification packages.' Under the terms of the agreement, ABB will design, supply, build and commission a 230-kilovolt gas-insulated substation, extend and modify two existing substations and the connecting 22-kilometer power transmission line. The work is slated for completion in July 2003. ABB (www.abb.com) is a global leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. ABB has 155,000 employees in more than 100 countries. For more information please contact: Media Relations Investor Relations: ABB Corporate Communications, Zurich Switzerland: Tel. +41 43 317 3804 Thomas Schmidt Sweden: Tel. +46 21 325 719 Tel. +41 43 317 6492 USA: Tel. +1 203 750 7743 Fax. +41 43 317 6494 investor.relations@ch.abb.com media.relations@ch.abb.com This information is provided by RNS The company news service from the London Stock Exchange

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