ABB shareholders approve dividend payment

Zurich, Switzerland, May 4, 2006 – ABB shareholders approved the payment of a dividend for 2005 and re-elected ABB’s Board of Directors, at the group’s annual general meeting in Zurich today.

Shareholders voted in favor of the dividend of CHF 0.12 per share, which was proposed by the Board of Directors in February 2006. It is the first time ABB has paid a dividend since 2001. The ex-dividend date is May 9, 2006.

Shareholders overwhelmingly voted in favor of reappointing the board, which is made up of eight members from six countries.

They also approved other items on the agenda, including the annual report, the consolidated financial statements and the annual financial statements for 2005.

A total of 1500 shareholders attended the annual general meeting, representing 43 percent of the total share capital entitled to vote.

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 around 100 countries and employs about 105,000 people.

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    President and CEO, Fred Kindle, addressing ABB's 2006 Annual General meeting in Zürich, Switzerland.

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