News Release

For further information, please call:

Mr. John Fox                                  Mr. Brad Hoffman
ABB Corporate Communications,                 Elsag Bailey Process Automation,
Zurich                                        Wickliffe, Ohio
Tel. +41 1 317 7371                           +1 440 585 3809
Fax. +41 1 317 7958                           +1 440 585 8172


ABB and Elsag Bailey to provide U.S. authorities with additional information
on acquisition

Zurich, Switzerland, November 11, 1998 - ABB, the international engineering
and technology group, and Elsag Bailey Process Automation N.V. (NYSE: EBY),
today announced that the U.S. Federal Trade Commission (FTC) has requested
additional information in connection with ABB's tender offer to acquire Elsag
Bailey, and that the two companies will respond shortly and intend to address
any antitrust concerns that the FTC might have.

ABB and Elsag Bailey said that they had anticipated the possibility of such a
request and that it is common for an acquisition of this nature.

ABB announced last month its intention to acquire all of Elsag Bailey's
outstanding common shares and preferred securities.

Elsag Bailey Process Automation N.V. http://www.ebpa.com, headquartered in
the Netherlands, is a leading provider of automation systems, process
instrumentation, analytical measurement products, and professional services.
The company's technologies are sold worldwide for the automation of various
processes in the electric power, chemical and pharmaceutical, oil and gas,
pulp and paper, metals and mining, food and beverage and other industries. The
company employs some 11,000 among its operating units in more than 30
countries. Elsag Bailey recorded revenues of US$1.5 billion during 1997.

The ABB Group http://www.abb.com serves customers worldwide in power
generation, transmission, and distribution; automation; oil, gas, and
petrochemicals; industrial products and contracting; financial services; and
rail transportation. The Group reported orders in 1997 of $35 billion and
employs about 214,000 people. (End)


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