Result of AGM

ABB Ltd
20 March 2001


ABB Media Relations                     ABB Investor Relations
Thomas Schmidt                          Switzerland: [phone]
Tel: [phone]                     Sweden:      [phone]
Fax: [phone]                     USA:         [phone]
[e-mail]              [e-mail]



ABB shareholders approve share split 
 
Zurich, Switzerland, March 20, 2001 - Shareholders in ABB Ltd today approved a
4-to-1 share split to improve the liquidity and marketability of the company's
shares. 
 
   
The share split was approved at the company's annual general meeting of
shareholders, held simultaneously in Zurich, Switzerland and Vasteras, Sweden,
and linked by satellite television. Shareholders also approved a buy-back of six
million ABB Ltd shares, corresponding to about two percent of the company's
total share capital, for cancellation.

Shareholders approved a dividend of SFr. 3.00 per registered share, the same
level as last year. The dividend is payable as of March 26, 2001.

The meeting was held in German in Zurich and translated into Swedish for
shareholders in Vasteras and into English for live broadcast over the Internet.
A total of about 3,100 shareholders were present at both locations, representing
some 48 percent of the total share capital entitled to vote.

Re-elected to the Board of Directors were Percy Barnevik, Gerhard Cromme, Jurgen
Dormann, Martin Ebner, Robert Jeker, Agostino Rocca, Edwin Somm and Jacob
Wallenberg. Newly elected to the Board was Jorgen Centerman, ABB's President and
CEO. The Board intends to re-elect Barnevik as Chairman and Jeker as Vice
Chairman.

ABB serves manufacturing, process and consumer industries, utilities, the oil
and gas sector and infrastructure markets, with 160,000 employees in more than
100 countries.