Re Contract

ABB Ltd
29 May 2002

ABB wins US$ 37 million order for Romanian substation

Equipment will modernize key connection in country's power network

Zurich, Switzerland, May 29, 2002 - ABB, the global power and automation
technology group, said today it has won a US$ 37 million contract in Romania to
engineer and build a high-voltage substation to transmit power from Slatina, in
the southern part of Romania, to consumers 250 kilometers to the east in
Bucharest, and nearby Alro, the country's largest aluminum smelter.

The contract, signed with the state-owned Power Grid Company, Transelectrica
S.A., is to replace an aging substation currently operating in Slatina.

'A crucial requirement of the project is to ensure minimal interruption of power
during the construction period,' said Richard Siudek, executive vice president
and head of ABB's Utilities division. 'ABB will accomplish this by incrementally
replacing existing equipment with more compact equipment within the existing
footprint.'

The scope of the project includes all high-voltage equipment; two large power
transformers, associated switchyard equipment and computerized protection and
control equipment. ABB is also responsible for all electrical and mechanical
design, civil work, erection and commissioning. The project is scheduled for
completion in December 2005.

This is ABB's third major substation order in Romania in the past 12 months. In
July 2001 ABB won a US$ 17 million order from Power Grid Company Transelectrica
S.A., to rehabilitate the 400KV/110 KV substation Constanta North. In December
2001 ABB won a US$ 19 million order from SC Electrica S.A. to install six 110/20
kV substations to reinforce the 110 kV distribution network at locations
throughout the country.

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 152,000 employees in more than 100 countries.




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