Re Contract

ABB Ltd
26 November 2002


ABB signs US$ 200 million agreement for power transformers in United States


Global network of focused factories will ensure fast delivery


Zurich, Switzerland, November 26, 2002 - ABB, the leading power and automation
technology group, said today it has signed a five-year agreement with a
five-year extension option worth up to US$ 200 million to deliver extra-high-
voltage power transformers to the Tennessee Valley Authority (TVA) in the United
States.


'This agreement confirms our position as the supplier of choice and a reliable
long-term partner,' said Peter Smits, head of ABB's Power Technologies division.
'The transformers will be produced within our global network of focused
factories, which ensures fast delivery.'

According to the terms of the contract, ABB will deliver extra-high-voltage
power transformers of up to 765 Kilovolt (kV). They will be designed and
manufactured with the common ABB TrafoStar transformer concept. The transformers
will be built in facilities in Canada, Germany and Spain.

ABB will also supply a full range of products and services, including technical
support, for hauling and installing the units. The latest order follows a power
transformer agreement in 1999 for ratings of up to 230 kV.

ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in more than 100
countries and employs about 146,000 people worldwide.


                      This information is provided by RNS
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