ALSTOM Wins Assembly Contract From New American Client: EMD.

MONTREAL--(BUSINESS WIRE)--Nov. 6, 1998--ALSTOM (NYSE:ALS) today announced that its Montreal-based locomotive and transit car manufacturing unit has been awarded a multimillion-dollar contract to assemble, paint and test 35 new locomotives for a key new U.S.-based client -- EMD.

"Our team members are energized to help EMD meet its customers' pressing need for more power," said Michael Monteferrante, president of ALSTOM's Montreal unit.

ALSTOM's project involves 35 new SD 75I locomotives. The locomotives will be assembled, painted, tested operationally and delivered for service by mid-1999.

Components for the locomotives will be supplied by EMD manufacturing facilities in LaGrange, Illinois, and London, Ontario. Upon completion of the work, the locomotives will be placed into service by the Canadian National Railroad.

ALSTOM is a North American leader in the remanufacturing and maintenance of rail transportation equipment. At its newly renovated, historic Montreal shops, the company remanufactures locomotives and transit cars, manufactures locomotive components and specialty freight cars, performs fleet overhauls, delivers long-term maintenance solutions, and provides other services to achieve the highest level of performance and customer satisfaction.

The company's Montreal operations are the first in the rail transportation industry to have been certified under three major quality assurance programs -- ISO 9001 and M-1003 for manufacturing and quality management systems and ISO 14001 for environmental systems.