Bombardier to Supply 35 Bombardier TRAXX Locomotives to Angel Trains

Additional 10-Year Agreement for Maintenance of SNCB Locomotive Fleet

Bombardier Transportation has won another major locomotive order for a private customer with an order for 35 BOMBARDIER* TRAXX* locomotives from the pan-European leasing company, Angel Trains. This latest order for MS locomotives is an option from a Master Purchase Agreement concluded in March 2005. Combined with its initial order for 5 TRAXX locomotives, this brings a total of 40 similar units leased by Angel Trains to the Belgian National Railways’ (SNCB) freight operating unit, B-Cargo.

At the same time, SNCB has retained Bombardier to maintain the 40 TRAXX locomotives for a period of 10 years. The maintenance contract covers both preventive and corrective maintenance, its planning and the full supply of spare parts. The particularity of this “wet lease” contract is that, whereas SNCB leases the locomotives from Angel Trains, Bombardier Transportation will both supply and maintain them. Maintenance will be done in a SNCB workshop by SNCB employees under the responsibility and following the instructions of Bombardier Transportation.

The total value of the contract for 40 locomotives (including the initial order of 5 TRAXX locomotives) and the maintenance contract amounts to approximately 175 million euros ($260 million US).

The 40 electric locomotives will provide cross-border services through Germany, Austria, Belgium and the Netherlands. The platform strategy of the TRAXX vehicle family, featuring a high percentage of common components, makes it particularly economic for use throughout Europe. Its modular construction means that the final configuration of the locomotives can be smoothly adapted to the respective areas of use and their infrastructure.

Final production of the multi-system locomotives will take place in Bombardier’s Kassel plant. Bodyshells will be produced at Bombardier’s Wrocław site in Poland, and bogies in Siegen. The locomotives will be powered by the renowned BOMBARDIER* MITRAC* traction converters offering proven reliability and energy efficiency. The related control system is the sophisticated MITRAC TCMS offering applications to secure safe and economically optimized traction power.

Belgian Railways CEO Marc Descheemaecker is looking forward to this partnership: "We are satisfied to be dealing with two companies which have demonstrated a high level of expertise, Bombardier Transportation and Angel Trains, and look forward to their active support over the next eighteen months, as we put this important fleet into service. This investment will allow B-Cargo to turn towards the international markets and to take an active part in the growing trade which will be generated by the harbour activities in the coming years."

Haydn Abbott, Managing Director, Angel Trains Group, welcomed this transaction stating: “From our base in Antwerp, it is fitting that our largest ever contract should have come from the Belgian railway, SNCB, with whom we are delighted to have transformed a small and recent contract into a large and long-term relationship. Together with Bombardier, we have provided a compelling combination of professional and flexible service and competitive economics, transforming the procurement philosophy of an important public sector railway”.

Bombardier Transportation’s Locomotive Division President, Edmund Schlummer, stated: ”We are delighted that in yet another country, TRAXX locomotives have been chosen as the core fleet for freight traction. We are also pleased with the successful and ongoing partnership with Angel Trains. A total of 195 locomotives from the TRAXX platform have been ordered by Angel Trains for its pan-European locomotive leasing business, Angel Trains Cargo.”

Laurent Troger, Vice President, Continental Europe, Bombardier Transportation, Services, commented: “This order is a fine example of Bombardier’s commitment to the customer. With its know-how and advanced capabilities, Bombardier has the ability to maintain rolling stock assets that will last over an extended life time.”

Background facts and figures

About Bombardier Transportation
Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at .

About Angel Trains
Angel Trains is a leading lessor of railway rolling stock in the UK and in Continental Europe, with aggregate investments of over € 6 billion. It has its group headquarters in London and other offices in Antwerp, Cologne, Derby, Madrid and Rome. Angel Trains is a wholly-owned subsidiary of The Royal Bank of Scotland Group, one of Europe’s leading financial services groups.

About SNCB
SNCB is a Belgian public law company that organises the national and international rail transport of passengers and goods. SNCB also owns and manages the train fleet. The company employs over 18,300 people and realises a turnover of approximately 2.069 billion euro (2006). SNCB participates also in other companies like Eurostar, Thalys, IFB, TRW. While offering a reliable and market - orientated quality service SNCB plays a key role in the field of sustainable mobility.

BOMBARDIER, TRAXX and MITRAC are trademarks of Bombardier Inc. or its subsidiaries.


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