First nine month results, 2000 Göran Lindahl President and CEO

CS-IR/ Q3, 2000 Page 2 Agenda - first nine month results, 2000 Ü Highlights Ü Financials Ü Segments Ü Key initiatives Ü Outlook

CS-IR/ Q3, 2000 Page 3 Highlights - first nine months nOrders* and operating margins up in all business segments nStrong order growth in Americas, Middle East & Africa nOrders in Europe up 7 percent in local currencies nDemand continued to grow in Asia nRevenues flat*, strong order backlog nIncreased earnings reflect continued expansion into high-knowledge areas and successful cost control nCash flow up 27 percent * In local currencies

CS-IR/ Q3, 2000 Page 4 Highlights third quarter 2000 nKey initiatives in - software / Industrial IT - telecom - petrochemicals nABB to launch all employee share/option program

CS-IR/ Q3, 2000 Page 5 Regional development first nine months 2000 Americas: continued growth driven by deregulation Europe: continued improvement, demand varied by country and business Europe: continued improvement, demand varied by country and business Asia: Continued growth in all segments excl. Transmission Middle East and Africa: Orders increased sharply Middle East/Africa+55% Americas+27% Europe+7% Asia-2% Middle East/Africa+55% Americas+27% Europe+7% Asia-2% Regional development Orders received (in local currencies)

CS-IR/ Q3, 2000 Page 6 First nine months 2000 vs Change Nominal Local currencies Orders received 19,392+6%+13% Revenues15,983-8%-1% Operating earnings (OEAD)*1,414+10%+17% Net income from continued operations848+16%+23% Net Income per Share$ % *Consistent with the half year report, earnings and capital gains related to discontinued operations are reported on a separate line in the income statement and consequently are not included in operating earnings. (MUS$)

CS-IR/ Q3, 2000 Page 7 Orders received first nine months 2000 Automation 6,174 (+1%) Building Technologies 4,814 (-3%) Power Transmission 2,955 (-3%) Power Distribution 2,356 (+13%) Oil, Gas & Petrochemicals 3,225 (+41%) Financial Services 545 (+7%) 15% 11% 29% 15% 23% (MUS$) Nominal percent change vs % In local currencies approximately 6-10 percent higher

CS-IR/ Q3, 2000 Page Power Transmission 9.8% 11.2% Power Distribution 6.3% 7.7% Automation 5.7% 8.2% Oil, Gas and Petrochemicals 5.2% 6.0% Building Technologies 6.8% 7.7% Operating margins by segment First Nine Months

CS-IR/ Q3, 2000 Page 9 Automation High order growth in Asia, L. America and Middle East Power Products highest growth rates, good growth also for Flexible Automation, Marine & Turbochargers Synergies from integration of Elsag Bailey and reduced cost base increased earnings 1-9/001-9/99 Orders6,1746,093 +1%+9% Revenues5,4195,890 -8%-1% OEAD margin8.2%5.7% EBITDA margin11.7%8.0% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 10 Power Transmission Orders continued to rebound Favorable business climate in North America High demand in service & support Revenues reflect last year's divestiture of standard cables and low order intake 1-9/001-9/99 Orders2,9553,061 -3%+3% Revenues2,3462, %-10% OEAD margin11.2%9.8% EBITDA margin13.9%12.5% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 11 Power Distribution Deregulation continued to fuel orders and revenues Demand for distribution solutions increased significantly, especially in Western Europe Productivity improvements driving earnings increase in all businesses 1-9/001-9/99 Orders2,3562, %+20% Revenues2,0831,978 +5%+11% OEAD margin7.7%6.3% EBITDA margin9.9%8.6% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 12 Oil, Gas and Petrochemicals Business climate remained favorable Growth in offshore systems, modification/maintenance and downstream business Orders will gradually flow through to revenues, starting in the fourth quarter 2000 and continuing throughout /001-9/99 Orders3,2252, %+49% Revenues1,8452, %-14% OEAD margin6.0%5.2% EBITDA margin8.4%6.9% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 13 Building Technologies Strong order growth in Asia, Middle East, Africa Increased orders to build-up telecom and Internet networks Move from general contracting and non-core service Significant earnings increase in product business 1-9/001-9/99 Orders4,8144,951 -3%+7% Revenues4,2744,551 -6%+4% OEAD margin7.7%6.8% EBITDA margin9.7%9.0% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 14 Financial Services Financing for several projects in India, Poland and China closed and the leasing volume increased strongly 1-9/001-9/99 Orders %+14% Revenues %+14% IBT %+5% (MUS$) Change in nominal / local

CS-IR/ Q3, 2000 Page 15 Current market conditions Outsourcing - Focus on core business Rapid development IT technologies SustainabilitySustainability DeregulationDeregulation Transformation of global markets Performance based contracts

CS-IR/ Q3, 2000 Page 16 Portfolio of businesses and technologies Continued expansion in: Software Software Industrial IT Industrial IT eBusiness eBusiness Telecommunications infrastructure Telecommunications infrastructure Continued expansion in: Software Software Industrial IT Industrial IT eBusiness eBusiness Telecommunications infrastructure Telecommunications infrastructure Ensures ABB offering: More intelligent products, systems and solutions More intelligent products, systems and solutions Solidifies portfolio geared to digital economy of the future

CS-IR/ Q3, 2000 Page 17 Automation Acquired pharmaceutical software technologies Acquired international process automation company Industrial IT joint venture with SKYVA Automation Acquired pharmaceutical software technologies Acquired international process automation company Industrial IT joint venture with SKYVA Portfolio management - third quarter 2000 Heavy Asset Base Light Power Transmission and Distribution Acquired U.S. software and service provider High-voltage transmission network service consortium Power Transmission and Distribution Acquired U.S. software and service provider High-voltage transmission network service consortium Oil, Gas & Petrochemicals Acquisition of UMOE completed Partnership to acquire polypropylene technology Investing in China's Sinopec Corp. IPO Oil, Gas & Petrochemicals Acquisition of UMOE completed Partnership to acquire polypropylene technology Investing in China's Sinopec Corp. IPO

CS-IR/ Q3, 2000 Page 18 ABB - Communication solutions Planning, design, project management, installation System integration Service, maintenance Wireless, fixed networks Nordic, Germany, Austria, Eastern Europe Internet centers (PoPs) Germany, Netherlands, Denmark Enterprise networks Statoil, Microsoft ABB has 2,000 people in this business today, with annual revenues ca. US$ 500 million

CS-IR/ Q3, 2000 Page 19 Employee share ownership program For all ABB employees ABB to match with options at no cost For long-term, broad based ownership Details to be announced in February

CS-IR/ Q3, 2000 Page 20 Transformation drives margin growth % 2.6 Net Income Margin Trend 9M’99 9M’00

CS-IR/ Q3, 2000 Page 21 ABB Group outlook 2000 For the full-year 2000, the rate of order growth will be in line with the first nine months. In local currencies, revenues will be above last year’s level. Operating earnings are expected to increase from last year and net income from continuing operations will continue to be well above 1999's performance. Cash flow is expected to exceed the level of last year. The company reconfirms its longer-term targets of 6-7 percent average annual growth in revenues during and an operating margin of 12 percent by 2003.

CS-IR/ Q3, 2000 Page 22 Safe Harbor Statement This presentation includes forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for ABB Ltd and ABB Ltd’s lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are major markets for ABB’s businesses, market acceptance of new products and services, changes in governmental regulations, interest rates, and fluctuation in currency exchange rates. Although ABB Ltd believes that its expectations reflected in any such forward looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.