ABB Accelerates Transformation Stage 2 of Next Level Strategy

Regulatory News:

· Unlocking additional value through realignment of unique power & automation offering

· New Power Grids division brings No. 1 power & automation offering to utilities, strategic portfolio review of this division initiated

· New Electrification Products division combines leading low- and medium-voltage offering

· Continuing focus on profitable organic growth complemented by value-creating M&A

· $1 bn white-collar productivity savings by end of 2017 in addition to ongoing cost measures

· $2 bn cash released from working capital by end of 2017

· Revenue growth target (3-6%) aligned to new market realities, all other targets confirmed

· Share buyback program continued

The complete press release including the appendices is attached.

ABB Group Corporate Communications, Zurich
Michael Schiendorfer, Antonio Ligi, Sandra Wiesner
Tel: 41 43 317 71 11
media.relations@ch.abb.com

Investor Relations
Switzerland: Tel. 41 43 317 71 11
investor.relations@ch.abb.com

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