AGM Minutes

ABB Ltd
19 May 2004

                                    ABB Ltd

                             AGENDA AND RESOLUTIONS

                from the Annual General Meeting of Shareholders

                          held on May 18, 2004, 10.00

                  in the 'Messe Zurich', Zurich-Oerlikon / CH

___________________________________________________________________

Agenda and resolutions



1.      Reporting for Fiscal Year 2003

(Reporting only).



2.      Approval of the Annual Report, the Consolidated Financial Statements,
and the Annual Financial Statements for 2003

The shareholders approve the Annual Report, the Consolidated Financial
Statements, and the  Annual Financial Statements for 2003.



3.      Discharge of the Board of Directors and the Persons entrusted with
Management

The shareholders discharge the members of the Board and the persons entrusted
with Management for the fiscal year 2003.



4.      Appropriation of available earnings

The shareholders approve the proposal of the Board of Directors to release CHF
1,000,000,000 of the other reserves to retained earnings, to not declare the
distribution of a dividend and to carry forward the profit available to the
General Meeting in the amount of CHF 41,409,139.



5.      Elections to the Board of Directors

The shareholders reelect the following persons as members of  the Board of
Directors for a further period of one year, i.e. until the General Meeting 2005:

  • Roger Agnelli
  • Jurgen Dormann
  • Louis R. Hughes
  • Hans Ulrich Marki
  • Michel de Rosen
  • Michael Treschow
  • Bernd W. Voss
  • Jacob Wallenberg





6.      Election of the Auditors, Group Auditors and Special Auditors

The shareholders elect Ernst & Young AG as auditors and Group auditors and  OBT
AG as special auditors for the fiscal year 2004.





This is a translation of the original German version. In case of any
discrepancy, the German version shall prevail.

                          For the minutes:



Zurich, May 18, 2004                        Georg Matiaska, Legal Counsel


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