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Public (SIX: ABBN, NYSE: ABB,

Type
OMX: ABB)

Industry Power technology, Industrial automation

1988 through merger of ASEA (1883) of

Founded Sweden and Brown, Boveri&Cie (1891) of
Switzerland

Headquarters Zürich, Switzerland

Area served Worldwide

Joe Hogan (CEO), Hubertus von Grünberg

Key people
(Chairman of the board)

Revenue ź US $31.80 billion (2009)[1]

Operating income ź US $4.126 billion (2009)[1]

Profit ź US $2.901 billion (2009)[1]

Total assets Ÿ US $34.73 billion (2009)[1]

Total equity Ÿ US $14.47 billion (2009)[1]

Employees ź 117,000 (2009)[1]

Website www.abb.com
ABB is a Swiss-Swedish multinational corporation headquartered in Zürich, Switzerland,
operating mainly in the power and automation technology areas.

ABB is one of the largest engineering companies as well as one of the largest conglomerates
in the world. ABB has operations in around 100 countries, with approximately 117,000
employees, and reported global revenue of $31.8 billion for 2009

ABB is traded on the SIX Swiss Exchange in Zürich and the Stockholm Stock Exchange in
Sweden since 1999, and the New York Stock Exchange in the United States since 2001

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The history of ABB goes back to the late nineteenth century, and is a long and illustrious
record of innovation and technological leadership in many industries.

Having helped countries all over the world to build, develop and maintain their
infrastructures, ABB has in recent years gone over from large-scale solutions to alternative
energy and the advanced products and technologies in power and automation that constitute
its Industrial IT offering.

ABB resulted from the 1988 merger of the corporations ASEA

(AllmännaSvenskaElektriskaAktiebolaget, Swedish) and Brown, Boveri&Cie (Swiss); the
latter had absorbed the MaschinenfabrikOerlikon in 1967. CEO at the time of the merger
was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996.

ASEA was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri&Cie (BBC) was
formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter
Boveri as a Swiss group of electrical companies producing AC and DC motors, generators,
steam turbines and transformers.





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grid reliability and productivity whilst saving energy and lowering environmental
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ABB is committed to attracting and retaining dedicated and skilled
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are at the core of our market offering and our own operations.

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As one of the world¶s leading engineering companies, we help our customers to use
electrical power efficiently, to increase industrial productivity and to lower environmental
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On July 17, 2008, the Board of Directors of ABB Ltd. announced the appointment of Joe
Hogan as Chief Executive Officer of the ABB Group beginning on September first. Mr.
Hogan is the former head of GE Healthcare Mr. Hogan holds a Bachelor of Science degree
in Business Administration from Geneva College and an MBA from Robert Morris
University, both located in Pennsylvania.

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The Board of Directors[15] is chaired by Hubertus von Grünberg. He took over the position
in May 2007, following the retirement of Jürgen Dormann, who had chaired the board since
2002.

Former Board Members:

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ABB is the world's largest builder of electricity grids and is active in many sectors, its core
businesses being in power and automation technologies. The company has one corporate
division and five production divisions since reorganisation in January 2010.

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ABB is committed to maintaining high social, environmental, ethical and governance
standards for the benefit of all stakeholders. Corporate responsibility reflects the company¶s
values and behavior to its stakeholders.

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There are many stakeholders impacted by corporate responsibility, ranging from employees
and subcontractors to customers, suppliers and communities where ABB has operations.The
company recognizes the importance of wide-ranging stakeholder engagement to help it
achieve best practice and sustainable benefit for stakeholders.

One of the core areas of corporate responsibility is Human Rights. ABB is seeking to raise
its standards, and increase its understanding and mitigation of Human Rights risk. A Human
Rights policy and public statement were approved in 2007, complementing existing policies
for raising social, environmental, health and safety and business ethics performance.

Another area of focus is corporate citizenship initiatives in which ABB supports

communities where it operates or remote communities in India and Tanzania in the case of
its rural electrification program "Access to Electricity."

ABB seeks to be a ³good corporate citizen.´ Constant effort, vigilance and high levels of
awareness are needed to raise standards which are consistent everywhere, even in difficult
environments. This is work in progress.










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During 2009, ABB received awards in 14 countries for its sustainability achievements. The
programs awarded ranged from environment, health and safety leadership to corporate
health, environmental management and corporate social responsibility. ABB also achieved
certifications related to energy efficiency programs in a further two countries.

ABB in China was ranked in the ³2009 Multinational Corporations Contribution in China
Award List´ for the second consecutive year and received the ³2009 Multinational
Corporations Contribution in China Special Award´ for its sustained efforts in corporate
social responsibility. These efforts include support for education, environmental protection,
and social welfare, benefiting broad sections of society, including the elderly, the
handicapped, the impoverished, university students and urban residents.

In Germany, ABB's health management system, Fit for Life, won the national Corporate
Health Award 2009. A panel of experts selected the winners based on an analysis of
quantitative and qualitative data from an annual health management survey of companies in
Germany. The Fit for Life program, launched in 2007 at most ABB locations in Germany,
includes regular medical checkups and support for a range of preventive measures.

ABB won the European Motor Challenge Award 2009 in the Endorser category, awarded by
the European Commission during the sixth International Conference on Energy Efficiency
in Motor Driven Plants, held in Nantes, France. The award recognized the contribution of
ABB, and in particular the contributions of ABB's Automation Products division in Italy, to
the European Commission¶s Motor Challenge program, which was launched in 2003 to help
companies improve energy efficiency in their motor-driven systems. 







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Below you find a list of the major acquisitions, joint ventures and divestments from 2006 to
date.



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May 5 ABB acquires Ventyx to strenghten its
network management business



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January 8 ABB acquires full ownership of Finnish joint
venture
May 28 ABB expand transformer components
portfolio



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November 12 ABB expands offering for oil and gas sector
July 16 ABB to acquire Kuhlman Electric
Corporation from The Carlyle Group
May 5 ABB acquires New Zealand business to
expand power electronics portfolio


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November 19 ABB completes sale of Lummus Global
March 6 ABB sells building systems business in
Germany
February 6 ABB sells stakes in power projects in
Morocco and India


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ABB Group reports 2006 net income rose 89 percent to $1.39 billion, compared with $735 million a year
earlier. Earnings before interest and taxes (EBIT) increased 45 percent to $2.59 billion and the EBIT margin,
or EBIT as a percentage of revenues, rose to a record 10.6 percent.

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ABB Group announces it will seek to divest its downstream oil and gas business, ABB Lummus Global. ABB
sold its upstream oil and gas business ± ABB Vetco Gray ± in 2004. ABB emphasizes its intention to support
the oil and gas sector with its core automation and power technology businesses.

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Peter Leupp, formerly country manager of ABB in China, joins the Group Executive committee as head of the
Power Systems division. Diane de Saint Victor joins ABB as general counsel from the European Aeronautic
Defence and Space Company (EADS). She is ABB's first general counsel to sit on the Executive Committee,
reflecting the importance ABB places on excellence in legal and compliance matters.

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ABB wins a $450 million order from the Qatar General Electricity and Water Corporation for new substations
to support the country¶s rapid growth by expanding its power transmission system. It is the biggest
transmission and distribution substation order ABB has ever received.

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ABB celebrates the inauguration of Estlink, a high-voltage direct current (HVDC) powerlink, joining the grids
of Estonia and Finland to improve the reliability and efficiency of electricity supplies in Europe. ABB
pioneered HVDC technology.

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ABB wins an order worth $215 million for pumping stations and automation systems to boost oil output from
the Algerian oil and gas company, Sonatrach. This follows a $210-million contract awarded to ABB earlier in
the month, by the same company, for the expansion of existing compressor and power systems to boost natural
gas output and exports.


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A Plan of Reorganization to settle claims against another U.S. subsidiary, ABB Lummus Global Inc., becomes
final, drawing a line under the uncertainty surrounding the company¶s asbestos liabilities.

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ABB's Plan of Reorganization to settle asbestos liabilities against Combustion Engineering, a U.S. subsidiary,
becomes final.

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ABB reports 2005 net income of $735 million, its first full-year profit in five years.

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The U.S. Bankruptcy Court in Pittsburgh, Pennsylvania issues an order confirming the revised plan of
reorganization for ABB's U.S. subsidiary, Combustion Engineering (CE), and recommends affirmation of the
plan to the District Court.

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ABB wins a contract from the Gulf Cooperation Council Interconnection Authority (GCCIA) for phase one of
the massive Gulf Grid project, linking the electricity networks of six Gulf states.


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ABB's orders, revenues and earnings before interest and taxes (EBIT) rose sharply in the third quarter of 2005
compared to the previous year as a result of operational improvements and buoyant markets.

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ABB appoints Ulrich Spiesshofer to the newly-created position of head of corporate development and member
of the Group's Executive Committee.

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ABB appoints Peter Terwiesch as the group's new chief technology officer, taking over from Markus Bayegan
who retired. Terwiesch was head of technology for ABB's automation division, and also led the process
automation business in Germany

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ABB will design, build and install a new link connecting the power grids of Finland and Estonia. ABB's
unique HVDC Light technology will help expand the trans-European power network.

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ABB announces plans to build the NorNed project, a high-voltage direct current (HVDC) transmission link
connecting the power grids of Norway and The Netherlands. The 580 kilometer-long NorNedlink will be the
longest underwater high-voltage cable in the world.

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ABB appoints Michel Demaré, CFO of the European operations of Baxter International, as Chief Financial
Officer and member of the Group Executive Committee, effective February 1, 2005.


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ABB chairman and CEO Jürgen Dormann announces ABB's China strategy, which includes plans to hire 5,000
new employees and double orders and revenues by 2008.

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ABB said today it has signed an order worth $390 million to build a key power link from the Three Gorges
hydropower plant in central China to the coastal city of Shanghai.

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ABB appoints Fred Kindle as the group's new chief executive, effective January 2005. Kindle, the former chief
executive of Swiss-based technology concern, Sulzer AG, joined ABB on September 1, 2004 and became
president and CEO in January 2005.

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agreement to sell the upstream part of its Oil, Gas and Petrochemicals division to a company formed by a
private equity investors' consortium of Candover Partners Ltd, 3i and JPMorgan Partners. The sale closed on
July 14, 2004 for $925 million.

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ABB says it has agreed to sell its reinsurance business (Sirius) to White Mountains, the Bermuda-based
insurance holding company, for a cash price of 3,220 million Swedish Kronor (about US$ 425 million at
December 1 exchange rate).

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ABB shareholders approve a share capital increase expected to raise about US$ 2.5 billion, at an extraordinary
general meeting held in Zurich.


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ABB announces a broad program to strengthen its capital and financing structure. The program comprises a
proposal to issue new shares worth the equivalent of approximately $2.5 billion, a newly agreed $1 billion
bank credit facility and the launch of a new bond.
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A strong performance by ABB's core Power and Automation Technologies divisions lifted the company's
second-quarter earnings before interest and taxes by 14 percent (11 percent in local currencies). Operating cash
flow from the core divisions improved and the company again lowered costs while increasing margins.

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ABB and IBM announce a ten-year agreement to outsource close to 90 percent of ABB's information systems
infrastructure operations - including the transfer to IBM of more than 1,200 employees.

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ABB says it has agreed to sell its Building Systems business in Sweden, Norway, Denmark, Finland (including
Russia and the Baltics) to YIT Corporation of Helsinki, Finland, for about US$ 233 million (Euro 203
million).

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At the group¶s annual general meeting, ABB shareholders approved amendments of its articles of
incorporation providing for authorized share capital and an extension in contingent share capital. They also
approved the nomination of two new board members

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ABB's core divisions Power Technologies and Automation Technologies improved both revenues and earnings
in the first quarter of 2003, sustaining the positive trend established in 2002.

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ABB nominates two new board members for election at its annual general meeting (AGM) on May 16, 2003,
They are Louis R. Hughes, 54, a U.S. citizen, who is a retired executive vice president of General Motors
Corporation, and Michael Treschow, 59, chairman of Ericsson, a Swedish citizen.

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ABB's core divisions, Power Technologies and Automation Technologies, show a strong performance in 2002,
but the ABB Group reports a net loss for the full-year as a result of asbestos charges and losses in discontinued
operations.

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At the group¶s annual general meeting today, ABB shareholders approved amendments of its articles of
incorporation providing for authorized share capital and an extension in contingent share capital.

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ABB and its U.S. subsidiary Combustion Engineering (CE) announce they had agreed a pre -packaged
bankruptcy plan for CE with representatives of asbestos plaintiffs, a significant milestone in the process to
resolve CE¶s asbestos liability.


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As part of a drive to lower its cost base, ABB combines core businesses into two divisions, Power
Technologies and Automation Technologies. The Oil, Gas and Petrochemicals division is kept as a separate
unit, and the Group Processes division is dissolved. The Executive Committee is reduced from eight to six
members.

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ABB sells its metering business to Ruhrgas Industries GmbH of Essen, Germany, for US$ 244 million on a
cash and debt-free basis. The sale is part of ABB¶s strategy to focus on power and automation technologies.
Proceeds are to be used to further reduce debt.

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Jürgen Dormann, Chairman of the Board, assumes operational leadership of the ABB Group, aiming to speed
up effective implementation of the company strategy. Dormann says that under his leadership, ABB will
continue to concentrate on its core activities in the fields of power and automation technologies.

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ABB signs an agreement to sell most of its Structured Finance business to GE Commercial Finance for total
cash proceeds, including equity and debt, of about US$ 2.3 billion. ABB¶s net debt is to be cut by the same
amount.

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A recovery in orders witnessed in the first quarter continues into the second with four divisions increasing their
earnings. Orders from large customers grow 16 percent and the company predicts a stronger second half. First-
half EBIT is US$ 368 million after US$ 185 million in restructuring costs, asset write-downs and charges Net
income is US$ 101 million, compared to US$ 266 million in first half 2001

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Exxon Neftegas Limited awards ABB a contract worth US$ 987 million to develop onshore oil and gas
processing and well-site support facilities on Russia's Sakhalin Island. ABB plans to sub-contract most of the
work to Russian companies, and says its experience of working in harsh climatic conditions and delivering
large projects in Russia helped it win the contract.

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ABB certifies 10,000 products to IndustrialIT, its new industrial information technology standard. By the end
of 2002 the company plans to certify all 40,000 ABB products and product groups. At the end of 2001 900
products were IndustrialIT-certified and, in February 2002, 3,000.

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ABB signs a US$ 330 million contract with Statoil of Norway for the maintenance and modification of six
offshore oil and gas platforms in the North Sea, as well as the onshore Kollsnes processing plant.

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Net income for the first quarter of 2002 is US$ 114 million, compared with US$ 138 million in the same
period last year. Its first quarter EBIT margin (4.5 percent) is in line with the 2002 target. And operational cash
flow, at US$ -138 million, is stronger than in the first quarter of 2001 (US$ -217 million).

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ABB, the global power and automation technology group, said today it has won a US$ 30 million contract
from Algeria¶s national power company SociétéNationaled'Electricité et du Gaz (Sonelgaz) to install five new
electricity load dispatch centers and a related IT system.
They are scheduled to start operation in early 2004.

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ABB opened a research and development center in Bangalore to focus on software development and Industrial
IT. With Industrial IT, ABB is integrating its entire power and automation technology offerings to enable
utility or industry customers to make their installations more productive. In 2001, ABB had revenues of US$
2.7 billion in Asia, the same level as in 2000. It had 11 percent of its employees working in the region. The
new ABB center, a fully-owned subsidiary located in the International Technology Park (ITPL) in Bangalore,
will initially bring together 30-50 industrial software programmers and engineers.

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ABB today reported a US$ 691 million net loss for 2001, after an increase in provisions for asbestos liabilities,
a change in the calculation method for some reinsurance reserves, asset write-downs, and costs and provisions
for project losses. In local currencies, orders remained stable and revenues increased. EBIT fell to US$ 279
million from US$ 1,385 million in 2000.
Revenues increased 3 percent to US$ 23,726 million, or 8 percent in local currencies. The order backlog
declined by 9 percent to US$ 13,471 million, or 4 percent in local currencies, compared to year-end 2000.

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ABB takes a US$ 470 million charge against 2001 earings to increase its provisions for the U.S. asbestos
claims. The claims come from Combustion Engineering, a subsidiary in the United States, With the charge,
ABB is increasing its total asbestos provisions from US$ 590 million at the end of 2000 to about US$ 940
million. The number of new claims filed against Combustion Engineering increased from 39,000 in 2000 to
55,000 in 2001. The asbestos liabilities in the U.S. come from claimed exposure to asbestos in products
supplied before the mid-1970s by Combustion Engineering, a company ABB acquired in 1990.

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ABB said today it has won a US$ 165 million contract to expand an ethylene plant in Poland, a project that
will substantially increase the country¶s ethylene and propylene production. ABB will revamp the 21-year-old
plant located in Plock, approximately 100 kilometers from Warsaw. New technology will increase PKN¶s
ethylene production from 360,000 metric tons per annum (MTA) to 660,000 MTA and propylene production
from 130,000 MTA to 315,000 MTA. ABB is considered the leading provider of ethylene technology with
about 40 percent of the world¶s ethylene capacity. The work is slated for completion at the end of 2004.

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Investor AB has increased its position in b-business partners, a pan-European venture capital company, by
acquiring 90 percent of ABB¶s shares and capital commitments. As a result of the transaction, ABB received
US$ 166 million. Investor's share of paid in capital and future commitments will now be approximately 75
percent. This transaction is in line with Investor AB¶s strategy to further strengthen its position in the European
venture capital market, and ABB¶s strategy of focusing on its core businesses in power and automation
technologies.

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ABB said that it is selling its railway electrification project business (overhead contact line) to Balfour Beatty
Plc for US$ 38 million as part of its strategy to focus on its core areas of power and automation technologies
for utilities and industry. The business unit is expected to report revenues of some US$ 90 million in 2001.

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In one of its largest Industrial IT projects to date, ABB wins a $32-million contract from ThyssenKrupp Steel
AG to act as general electrical contractor for a new coking facility at a plant at Duisburg Schwelgern in
Germany¶s Ruhr area. Industrial IT will measure and control manufacturing, safety and environmental
processes at the plant.


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ABB sells its air handling equipment business to Global Air Movement (Luxembourg) SARL for US$ 225
million, as part of its strategy to focus on power and automation technology products, systems and solutions
for utilities and industry. Global Air Movement (Luxembourg) SARL is a company formed on behalf of
Compass Partners European Equity Fund L.P., management and other investors. The air handling business
reported revenues of around US$ 440 million in 2000.

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A consortium led by ABB signed a contract worth about US$ 65 million with the Indonesian state electricity
supplier PT-PLN (Persero) to build a 309-kilometer power line on the main island of Java. ABB¶s portion of
the contract is worth about US$ 32 million. The line is part of the extension of the 500 kV ultra-high voltage
grid linking new power plants in eastern Java to the cities of Jakarta, Bandung and Yogyakarta. ABB will lead
a group of consortium partners and subcontractors, and provide engineering, design, project management,
supply management and logistics for a project that will involve 4,000 workers in more than 750 construction
sites.

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ABB won a US$ 36 million, five-year contract with Norwegian oil company Statoil for the maintenance and
modification of a gas treatment plant in Norway and platforms in the North Sea.

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ABB streamlines its research and development to focus on technologies that increase productivity and
sustainability for utility and industry customers, especially growth areas linked to its broad initiative called
industrial information technology, patented as Industrial IT. In Europe, the shift in focus is coupled with a
decrease from 760 to 550 scientists in Group R&D labs. In the United States and Asia, Group R&D staffing
will grow from 25 to 100 scientists in the new technology areas.

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ABB announces a US$ 23 million contract from Statoil of Norway to modify the Sleipner A platform in the
North Sea. The modifications will connect Sleipner A to oil and gas recovered from the new Sigyn field.


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An ABB-led consortium wins a $30 million order from Golden Valley Electric Association Inc (GVEA) in
Fairbanks, Alaska, for the supply, installation and project management of the world¶s largest Battery Energy
Storage System (BESS). The energy storage system includes a massive nickel-cadmium battery, power
conversion modules, metering, protection and control devices and service equipment. It will provide
continuous voltage support during normal operation, as well as energy back-up - known as µspinning reserve¶ -
to quickly provide power during system disturbances, minimizing customer interruptions.


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ABB reports financial results for first nine months of 2001. Revenues rose 9 percent and earnings before
interest and taxes (EBIT) ± excluding one-time capital gains ± increased 15 percent in local currencies. But
seeing a decline in orders, ABB also said it will accelerate its cost-cutting program and accelerate plans to cut
12,000 jobs. Orders decreased 8 percent to US$ 17,863 million. Revenues increased to US$ 16,877 million, up
4 percent in nominal terms. Excluding one-time capital gains, EBIT increased 9 percent to US$ 763 million
compared to the first nine months of 2000.


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ABB won a US$ 360-million order to build a high-voltage direct current (HVDC) power transmission system
linking hydropower plants in central China to Guangdong province. The contract was awarded by the State
Power Corporation of China, ABB will design and build a 3,000-megawatt link delivering power to the
industrial region of Guangdong 940 kilometers away. The project is the second major order in China in two
years, and further evidence of ABB¶s desire to support Chinese economic development by offering advanced
technological solutions.


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ABB is ranked number one in corporate sustainability by the Dow Jones Sustainability Index (DJSI), topping
the electric components and equipment industry group for the third year in a row.

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ABB won a US$ 44 million turnkey order from Commonwealth Edison (ComEd), one of the largest electric
utilities in the United States, to build a new substation to meet growing demand for power in downtown
Chicago. ABB¶s scope of supply includes conceptual design, civil engineering, equipment supply, installation
and commissioning of the De Koven substation, which is scheduled for completion and start-up in May 2002.

"

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ABB, in partnership with Heerema of Holland, is awarded a contract by Esso Exploration Angola (Block 15)
Limited (Esso) - a subsidiary of ExxonMobil Corporation - to design, build and commission a deepwater
tension leg platform for the Kizomba A Project located in the deepwater Block 15 offshore Angola.

"

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ABB won two orders from Bergesend.y. Offshore, the Norway-based floating production contractor, to build
and operate the oil processing systems on two floating production, storage and offloading (FPSO) units. The
value of the order is US$ 95 million. One of the FPSOs, ³Berge Hus,´ is expected to be ready for operation in
January 2002 and will be able to process 160,000 barrels of liquids per day. The second FPSO, ³Berge
Helene,´ will have a production capacity of 60,000 barrels of oil per day and is expected to be ready for
operation during the summer of 2002.

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ABB acquired FIP S.A., a leading supplier of pressure containing equipment for oil and gas production in
Mexico, based in Mexico City. The company employs 450 people and supplies wellheads and gate valves used
in oil and gas wells to customers around the world. ABB intends to market FIP products and services
worldwide. ABB is acquiring FIP S.A. from Walworth de Mexico S.A. The terms of the purchase were not
disclosed.

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ABB announced it has been awarded a contract worth US$ 93 million to design and build a gas compressor
station linking Algeria and Europe. The SC3 compressor station will be built on the Pedro Duran Farell
Pipeline, a 1,400 kilometer gas line connecting Algeria to Europe through a link under the Straits of Gibraltar.
It will increase the pipeline¶s flow rate from 8 billion to about 11 billion cubic meters of gas per year. The
pipeline is owned and operated by the state-run oil and gas company, Sonatrach.

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ABB said it would cut 12,000 jobs ± eight percent of its workforce ± over the next 18 months to counter
difficult market conditions. Revenues were flat, at US$ 11 million but up 7 percent in local currencies for the
first half of 2001. Earnings before interest and taxes were down 21 percent, to US$ 626 million compared to
the first half of 2000.

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ABB won a US$ 17-million contract to design and build a 340-kilometer power transmission line in Laos. The
project, slated to be completed in two years, also includes a 282-kilometer power distribution network, is part
of an ongoing initiative to upgrade Laos¶ rural electrical infrastructure.

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ABB officially opens an office in Pyongyang, the capital of the Democratic People¶s Republic of Korea
(DPRK), solidifying an agreement signed in November 2000 to help improve the performance of the country¶s
electricity transmission network and basic industries.

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ABB won a US$ 70-million contract to upgrade a key oil pipeline in Algeria. The company will upgrade the
290-kilometre line owned and operated by state-run oil and gas company Sonatrach, to increase capacity from
17 to 23 million barrels per year. The pipeline links the HassiBerkine oil field with the dispatching terminal of
Haoud El Hamra, located in the Berkine Basin, approximately 1,000 kilometers southeast of Algiers. The
project is slated for completion in less than two years.

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ABB wins contracts worth about US$ 300-million to design and build two high-voltage power transmission
systems with a combined length of nearly 1,300-kilometers to help satisfy the steadily increasing demand for
energy in Brazil. ABB will design, procure and construct all transmission line components, including six 500
kilovolt substations and reactive power compensation equipment. Many of the projects¶ components will be
manufactured at ABB plants in São Paulo and Minas Gerais.

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ABB and The Dow Chemical Company signed a 10-year, global strategic agreement to infuse Dow¶s plants
with a new generation of ABB Industrial IT technologies to link operations and enhance productivity. The
Dow Chemical Company has annual sales of US$30 billion

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Norsk Hydro, the Norwegian energy resource group, has awarded ABB a two-year, US$ 110 million contract
to continue maintaining and modifying oil and gas installations in the North Sea. ABB¶s frame agreement with
Norsk Hydro was originally signed in 1994. The contract was the first of its kind on the Norwegian shelf and
marked a change in maintenance philosophy, wherein oil companies started outsourcing more of their regular
work to a single partner. Today, most of the maintenance and modification work on the Norwegian shelf is
regulated through contracts like these.

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ABB launched a bid to acquire the French company Entrelec, a Lyon-based supplier of industrial automation
and control products. The value of the bid on a fully diluted basis is approximately ¼310 million. The
acquisition is aimed at expanding ABB¶s automation technology product range and reinforcing its position in
key European and American markets. ABB later obtains 4,789,183 shares, representing 99.1 percent of the
outstanding share capital of Entrelec Group on a fully diluted basis, and 99.1 percent of the voting rights.

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ABB lists its shares on the New York Stock Exchange, saying the move was aimed at supporting the
company¶s growth strategy. ABB's U.S. operations already employ more than 16,000 people in 40 states.

In late March, ABB launched a program to buy back six million shares for cancellation. Shareholders endorsed
the buy-back of two percent of ABB¶s total share capital at the annual general meeting of ABB Ltd in Zurich,
Switzerland. A share-split program approved at the meeting takes affect on May 7, 2001.

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ABB is awarded a five-year, US $250 million contract to supply well system equipment to the Gulf of Mexico
deepwater development programs of petroleum and petrochemicals group BP. The contract includes an option
to extend to ten years. The scope of the order includes subsea wellhead equipment, drilling and production
risers, and surface wellheads and trees for BP¶s deepwater development program. The equipment will be
manufactured and tested at ABB facilities in Houston, Texas.

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ABB maintains its leading market position in West Africa by announcing a US$ 180 million order to deliver
the subsea production system for the Bonga development project currently underway 120 kilometres offshore
Nigeria. The equipment will be installed in a water depth of up to 1,200 meters. The first subsea equipment
delivery will be in 15 months. Equipment delivery will continue until mid 2009. ABB is also constructing a
new US$ 2 million subsea operations base in the Onne free port in Nigeria as part of the project.

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Shareholders in ABB Ltd approved a 4-to-1 share split to improve the liquidity and marketability of the
company¶s shares.

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ABB won an order worth US$ 60 million from National Grid, the private U.K. power utility, for a 20-
kilometer high-voltage underground power cable to link two substations in London. The project is part of
National Grid¶s program to upgrade part of the London power grid. ABB will manufacture, install,
commission and test the cable. The project is scheduled for completion before the end of 2004.

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ABB wins a US$ 34-million order to improve the power supply to the London Underground, allowing the
transit authority to replace electricity from an old power station with electricity from sophisticated and clean
power sources. The London Underground order is part of a larger project to overhaul the area¶s power
distribution network, including cabling and switching.

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ABB buys Eutech Engineering Solutions Ltd, the international engineering consultancy subsidiary of ICI
Group of the U.K. Financial details were not disclosed. Eutech supplies a range of consulting services in
manufacturing operations and engineering, including project implementation and management, to more than
150 chemicals, petrochemicals and pharmaceuticals customers worldwide. ABB¶s strength in these areas is
given a major boost.

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ABB becomes the first industry to organize around customers rather than technologies. Its worldwide
enterprises are now centredaround four customer groups to boost growth in a business environment of
globalization, deregulation, consolidation and eBusiness. The four end-user division are Utilities, Process
Industries, Manufacturing and Consumer Industries, and Oil, Gas and Petrochemicals. The two channel partner
divisions Power Technology Products and Automation Technology Products cover all generic product needs
within the ABB Group. JörgenCenterman also took over as President and CEO on January 1. A new business
area, New Ventures Ltd., was created to act as an incubator for new businesses.

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ABB to implement the major portion of a clean fuels project at Murphy Oil USA, Inc.¶s refinery in Meraux,
Louisiana, USA. Under the terms of the contract, ABB is responsible for engineering, procurement and
construction of the project.

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Signs a wide-ranging, long-term cooperation agreement with the Democratic People¶s Republic of Korea
(DPRK) aimed at improving the performance of the country¶s electricity transmission network and basic
industries.

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Opens an information technology and automation center in Singapore, part of its strategy to expand its position
in a large and fast-growing market for industrial automation technologies.

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Signs contracts worth some US$ 200 million to modernize Tyumen Oil Company¶s oil refinery in Ryazan,
Russia. The modernization project is intended to increase production of clean, high-octane gasoline at
Tyumen¶s largest refinery, located approximately 190 kilometers (120 miles) east of Moscow.


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Reports higher orders, earnings and margins in the first nine months of 2000. Continuing expansion in
software, Industrial IT, eBusiness and telecommunications infrastructure ensures whole range of customers
more intelligent products, systems, and solutions and solidifies our portfolio of businesses and technologies
geared to the digital economy.


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Agrees to form a joint venture with U.S. software developer SKYVA International, a leading supplier of
enabling software for collaborative commerce. ABB pays US$ 130 million for a 53-percent stake in the
venture, and will transfer software engineers into SKYVA as part of the transaction. SKYVA International is a
key developer of Java-based software for so-called collaborative commerce ± where systems seamlessly link
the business processes of suppliers, manufacturers and customers.

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Invests US$ 100 million in Sinopec Corp., Asia¶s largest refiner, through an Initial Public Offering (IPO).
ABB will be a Strategic Investor in Sinopec Corp.¶s IPO, joining several other multinational corporations.

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Unveils a new wind power technology that makes wind farms competitive with conventional large power
plants. The Windformer(TM) increases power output by up to 20 percent and cuts lifetime maintenance costs
in half.

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Outlines strategy for alternative energy solutions at a press conference in London, saying it expects its share of
the business to reach US$ 1 billion within the next five years.

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Concludes the sale of its 50-percent share in ABB ALSTOM POWER to ALSTOM.

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ABB and BNFL finalized the sale of ABB¶s nuclear activities to the U.K.-based nuclear technology company
following regulatory approval in Europe and the United States. The US$ 485 million transaction, first
announced last December, is effective immediately.

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ABB Ltd. and Investor AB announce the launch of b-business partners, a new European-based company with a
capital base of more than Euro 1 billion. b-business partners will invest in and develop business-to-business
eCommerce (e-B2B) companies across Europe, and aims to forge closer links between ³new economy´ and
traditional enterprises.

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Holds its first annual general meeting of shareholders since the creation of the single-class ABB Ltd share. The
meeting was held at two locations in Wettingen, Switzerland, and one in Västerås, Sweden. Shareholders in the
three locations were linked via satellite television and an electronic voting system. It was the world¶s first
cross-border shareholders meeting using a real-time wireless electronic voting system.

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ABB announces it will sell its nuclear power businesses to UK-based BNFL. The value of the transaction is
US$ 485 million. Apart from the US, ABB's main nuclear operations are in Sweden, France, and Germany.
Following the divestment of its nuclear business, ABB's remaining power generation business will focus on
renewable energy and distributed power.

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ABB and Paris, France-based ALSTOM announce the merger of their power generation businesses in a 50-50
joint company, ABB ALSTOM POWER, headquartered in Brussels. The company employs about 54,000
people in more than 100 countries. The new company was formed to better respond to the changes and
opportunities created by privatization and deregulation, thanks to the complementary product ranges,
geographic scope and R&D capabilities of its parent companies.

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The Boards of Directors of ABB Asea Brown Boveri Ltd, ABB AG of Switzerland and ABB AB of Sweden
unanimously approved a plan to create a unified, single-class ABB share. It marked the final step in fully
integrating ABB, formed in 1988 by the merger of Asea of Sweden and Brown Boveri of Switzerland. The
single-class share - one share, one vote - replaced the four classes of shares of ABB AB (formerly Asea) and
ABB AG (formerly Brown Boveri), with their varying voting rights and nominal values. Trading began June
28, 1999, in Zurich (ABB), Stockholm, London and Frankfurt.

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ABB acquires Energy Capital Partners, a US-based finance company servicing the North American energy
services market. Renamed ABB Energy Capital LLC, the Boston, Massachusetts-based company provides
financing for energy service companies, with a focus on improving energy efficiency for industrial, utility and
public sector customers. Its hallmark product is performance based project financing, in which payment is
linked to the achievement of pre-set efficiency improvement targets.
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ABB and DaimlerChrysler announced that DaimlerChrysler will acquire ABB's share of their 50-50 rail joint
venture Adtranz for cash compensation of US$ 472 million. The aim is to boost the global rail transportation
leader by integrating it into the strategic portfolio of DaimlerChrysler.


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ABB acquires Netherlands-based Elsag Bailey Process Automation N.V: for about US$ 2.1 billion, including
debt of about US$ 600 million, making ABB a world leader in the global automation market. Elsag Bailey is a
leading provider of automation systems, process instrumentation, analytical measurement products, and
professional services. The company delivers control products and systems, instrumentation and analytical
devices to utilities, pulp and paper, metals, chemicals, pharmaceuticals, oil and gas, food and beverage
customers.

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ABB announced organizational changes aimed at boosting business growth areas, creating new synergies and
ensuring greater responsiveness in local and globalized markets where deregulation and privatization are
opening new opportunities. The Industrial and Building Systems segment was divided into three new
segments: Automation; Oil, Gas and Petrochemicals; and Products and Contracting. The Power Transmission
and Distribution segment was split into two separate segments, Power Transmission and Power Distribution,
reflecting the diverging impacts on those businesses of deregulation and privatization. The Power Generation
and Financial Services segments remained unchanged.

 (+(` %` /`
 


ABB signed an agreement to acquire Sweden-based Alfa Laval¶s Automation unit. Alfa Laval Automation is
one of Europe¶s five largest suppliers of process control systems and automation equipment. The unit employs
1,200 people in 14 countries.

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ABB launches the world¶s first high-voltage generator, called the Powerformer. It is the first generator to
supply electricity directly to the high-voltage network without the need for transformers. The Powerformer
represents the first breakthrough innovation in generator technology in over a century. It can reduce overall
power plant life cycle costs by up to 30 percent.

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ABB announced an initiative to accelerate ABB¶s local expansion in Asia and improve the productivity of its
Western operations. ABB said it would reduce some 10,000 jobs in Western Europe and the US and take a
restructuring charge of US$ 850 million in the fourth quarter of 1997. ABB signs an agreement with
IndustriKapital to sell ABB¶s wire rod and winding wire businesses in Sweden and Germany.

(,
Demand in emerging markets continues to drive growth. Employment in these countries rises by 10,000, while
selective downsizing continues in Western Europe and North America. ABB completes the merger at the
Board level by integrating its parent companies' Boards into the ABB Group Board. GöranLindahl is named
ABB President and CEO, effective January 1, 1997, succeeding Percy Barnevik, who becomes non-Executive
Chairman of the ABB Board of Directors.

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ABB continues to expand its local presence in Asia and Central and Eastern Europe through internal growth,
acquisitions and majority joint ventures. ABB announces the merger of its Transportation segment into a 50-50
joint venture with Daimler-Benz AG of Germany, effective January 1, 1996. ABB selected as Europe's best
company in technology and innovation management.

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ABB emerges from a two-year consolidation phase to begin new volume and profit growth. In Western Europe
and North America, the focus is on the fast-growing service and retrofit markets, while demand for new
infrastructure drives demand growth in emerging markets. In Asia, ABB has 30,000 employees and 100 plants,
engineering, service and marketing centers.

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The Group continues its strategy of targeted expansion in Europe (including the former Soviet Union), the
Americas, and Asia Pacific. ABB introduces the GT24/GT26 gas turbine technology opening new
opportunities on the global market for high-efficiency, low-emission turbines.



(
Recession management is accelerated and total employment reduced by 14,000. Employment in Central and
Eastern Europe rises to 20,000 people in 30 companies. In Asia, more than 20 new manufacturing and service
units are created through joint ventures, acquisitions, and greenfield investments.

((
Investments continue in Central and Eastern Europe, where ABB employs about 10,000 people by year end.
Extensive restructuring positions the company to meet the demands of recession economies in North America
and parts of Europe. Research & Development spending increases by 20 percent

(
ABB begins an aggressive program of expansion in Central and Eastern Europe and prepares for expansion
into Asia. The rate of acquisition slows in the U.S. and Western Europe, where a period of consolidation and
restructuring begins.
(
In December, ABB finalizes the purchase of the worldwide power transmission and distribution operations of
Westinghouse Electric Corp. of the U.S. Also in December, ABB announces the agreement to buy Stamford,
Ct.-based Combustion Engineering Group. In total, ABB purchases about 40 companies in 1989.

(
Operations begin January 5, 1988. In the first year, some 15 acquisitions are made, among them the
environmental control group Fläkt AB of Sweden, the contracting group Sadelmi/Cogepi, Italy, and railway
manufacturer Scandia-Randers A/S of Denmark.

(+
ASEA AB of Västerås, Sweden and BBC Brown Boveri Ltd of Baden, Switzerland, announce plans in August
to merge their operations to form ABB Asea Brown Boveri Ltd, headquartered in Zurich, Switzerland. Each
parent company is to hold 50 percent of the new company.
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