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Investor Presentaiton

1 Case study: NTV in Italy ■ Options of previous contract signed in October 2015 ■ 4 Pendolino trains and related maintenance services Extension of maintenance services for NTV's entire fleet from 20 to 30 years ■Delivery scheduled end 2017 and ready to enter into service in 2018 EE NTV's renewed confidence in Alstom expertise ALSTOM - February 2016 - P 34 ALSTOM 2016. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It is provided without liability and is subject to change without notice. Reproduction, use or disclosure to third parties, without express written authority, is strictly prohibited. Italo ALSTOM
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