ABB President and CEO Jörgen Centerman said the figures, restated from 1999, clarified the size and scope of ABB’s divisions, establishing a baseline for the company’s financial reporting going forward. “Restating ABB’s historical financial data according to our new organization improves transparency by providing a better window on our company and the metrics we use to guide our business, and also puts our transformation in context,” Centerman said. “In addition, we are disclosing a separate balance sheet for the Financial Services division. This allows better tracking of our industrial and financial activities,” Centerman added. ABB initiated its transformation in January, creating an organization based on seven divisions. Four end-user divisions serve utilities, process industries, manufacturing and consumer industries, and the oil, gas and petrochemicals sectors. Two divisions serve ABB and external channels with power products and automation products. ABB’s Financial Services division is unchanged. ABB’s will report its results according to the new divisional organization for the first time in its third-quarter announcement on October 24. ABB (www.abb.com) is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering their environmental impact. ABB has 160,000 employees in more than 100 countries. Division overviews (unaudited) Please refer to appendix for detailed listing of figures, all of which are presented as if the Company's new internal structure and transaction flow had been in place for all periods presented. The Consolidated Financial Statements for the first half 2001 under the previous structure were already published on July 24 and can be viewed on ABB’s web site: www.abb.com/investorrelations EBIT excluding capital gains is shown in footnotes only if the aggregate of these capital gains is material (in any case if it is more than 10% of divisional EBIT). Utilities