ABB's reorg plan for CE is complete.

ABB'S REORG PLAN FOR CE IS COMPLETE. ABB announced that the reorganization plan for its U.S. subsidiary, Combustion Engineering (CE), is final. No appeals were filed with the U.S. District Court opposing a revised plan. The finalization of the CE plan of reorganization clears the way for asbestos claimants to receive payments from the trust to be set up in accordance with the plan of reorganization once it becomes effective. The plan's channeling injunction will protect ABB and its subsidiaries from current and future asbestos claims against CE. ABB has committed cash and other assets worth approximately US$ 1.43 billion to pay settled asbestos claims against CE.