Statement re divestment

ABB Ltd
02 February 2007



ABB statement


Zurich, Switzerland, February 2, 2007 - In the recent years, the ABB Group has
been successfully implementing its strategy to focus on its strengths in power
and automation technologies.

As part of this focus, ABB decided to divest certain non core businesses,
including its former Oil, Gas, Petrochemicals division. At the first stage, the
Upstream oil and gas companies including Vetco Gray were divested in 2004. The
announced intent has been to also divest the Downstream oil and gas business,
Lummus Global, when market and other conditions were appropriate.

The ABB Group has now decided to launch the second stage and start the process
to divest all of the Lummus Global business.

ABB's core automation and power technology businesses remain totally committed
to the oil and gas sector. We maintain long-standing relationships with key
customers in this sector which we will continue to serve. This is an area where
ABB has strong market positions across our activities and which we expect to
continue to benefit from significant growth on a long term basis.




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