The Bombardier-Alstom Consortium Confirms it has Received the Notice to Proceed for the Supply of 468 New Metro Cars for Montreal

MONTREAL, QUEBEC--(Marketwire - 11/16/10) - The consortium comprising Bombardier Transportation and Alstom Transport confirmed today it has received the Notice to Proceed from Societe de transport de Montreal (STM) on the supply of 468 metro cars (52 nine-car trainsets).

The contract signature was published on October 22, 2010. With funding approval completed, the contract now enters into force and the final price has been fixed using the applicable exchange rate. The contract is valued at $1.19 billion CDN ($1.18 billion US, 869 million euro). Bombardier's share is $719 million CDN ($715 million US, 525 million euro) and Alstom's share is $471 million CDN ($468 million US, 344 million euro).

The design, manufacture and final assembly of the new Montreal metro cars will be carried out at Bombardier's facilities in La Pocatiere and Saint-Bruno, Quebec. Alstom's sites in Sorel-Tracy and Montreal, Quebec, will also be involved. The first prototype train is to be delivered in June 2013, followed by the base order deliveries that are scheduled to take place between February 2014 and September 2018.

About Bombardier Transportation

Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies - built on the four cornerstones of energy, efficiency, economy and ecology - conserve energy, protect the environment and help to improve total train performance. Bombardier Transportation is headquartered in Berlin, Germany and has a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2010, were $19.4 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com

About Alstom Transport

A promoter of sustainable mobility, Alstom Transport develops and markets the most complete range of systems, equipment and services in the railway sector. Alstom Transport manages entire transport systems, taking in rolling stock, signaling and infrastructure, and offers "turnkey" solutions. Alstom Transport recorded sales of 5.8 billion euros in the fiscal year 2009-2010. Alstom Transport is present in over 60 countries and employs some 26,000 people.

About Alstom

Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 96,500 people in more than 70 countries, and had sales of over EUR 23 billion(i) in 2009/10.