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To: Johnny Canuck who wrote (28650)	10/5/2000 4:26:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67845

Public Offering of Alcatel Optronics Tracking Stock: 16.500.000 Shares Offered At Preliminary Price Range of 85 to 100 Euro Per Share PARIS--(BUSINESS WIRE)--Oct. 4, 2000--Alcatel (NYSE:ALA <http://finance.yahoo.com/q?s=ala&d=t> - news </n/a/ala.html>) announces the public offering of 16,500,000 shares of Alcatel Optronics tracking stock. The preliminary offer price of Alcatel Optronics tracking stock is between 85 and 100 euro. Alcatel may revise the price range at any time until the last day of the offering. Based on the preliminary price range, the size of the offering would be 1.4 billion euro to 1.7 billion euro (1.6 billion euro to 1.9 billion euro after the over-allotment, or greenshoe, option), valuing Alcatel Optronics between 8.1 billion euro and 9.5 billion euro. The tracking shares to be issued will represent a 17.4% interest in the financial performance of Alcatel Optronics (20% after the greenshoe option). The subscription period will last until Oct. 19, 2000, noon, Paris time. Alcatel is planning to reserve up to 12% of the total offering for its current shareholders. Subject to regulatory clearance, trading of the Alcatel Optronics Tracking stock will commence on Oct. 20, 2000 on the Premier Marche de ParisBourse, France and on the NASDAQ in the United States. This offering of shares follows the approval granted on Sept. 20, 2000 by Alcatel shareholders convened in a general meeting to issue a new class of shares, the Alcatel Class O shares or Alcatel Optronics tracking stock. This offering is a capital increase of Alcatel. After completion of the offering, the new class shares will represent approximately 1.3% of the capital of Alcatel, and 1.5% of its voting share capital. The number of shares to be offered may be increased to 18.975.000, subject to exercise of the over-allotment option granted to the underwriters in the transaction. In the event this option is exercised, the shares to be issued would represent a 20% interest in the financial performance of the Optronics division. A preliminary prospectus has been filed and registered with the Commission des Operations de bourse (COB), France (filing number 00-1604 dated Oct. 3, 2000). A registration statement relating to the offer of these securities into the United States has been filed with the United States Securities and Exchange Commission (SEC). Such securities may not be sold nor may an offer to buy be accepted prior to the time the registration statement becomes effective. Copies of the prospectus may be obtained from Alcatel and from the banks of the syndicate led by Morgan Stanley & Co. International Limited. You are invited to read the prospectuses and familiarize yourself with the details of the offering. This announcement is neither an offer to sell nor the solicitation of an offer to buy any securities of the Company nor shall there be any sale of these securities in any jurisdiction where such offer, sale or solicitation would be unlawful. The offer will be made only by means of a prospectus. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 23 billion in 1999, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: <http://www.alcatel.com>. Contact: Alcatel Klaus Wustrack, +33 (0)1 40 76 11 79 klaus.wustrack@alcatel.fr <mailto:klaus.wustrack@alcatel.fr> or Sarah Compton, +33 (0) 40 76 16 16 sarah.d.compton@alcatel.fr <mailto:sarah.d.compton@alcatel.fr> or Investor Relations Claire Pedini, +33 (0)1 40 76 13 93 claire.pedini@alcatel.fr <mailto:claire.pedini@alcatel.fr> or Charlotte Laurent-Ottomane, +33 (0)1 40 76 13 30 charlotte.laurent-ottomane@alcatel.fr <mailto:charlotte.laurent-ottomane@alcatel.fr> or Emmanuel Spite, +33 (0)1 40 76 16 04 emmanuel.spite@alcatel.fr <mailto:emmanuel.spite@alcatel.fr> or Peter Campbell, +1 972 519 4347 peter.campbell@usa.alcatel.com <mailto:peter.campbell@usa.alcatel.com>