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Honeywell Comments On Court Of First Instance’s Conclusion On Bundling Theory

BRUSSELS, Belgium, December 14, 2005 – Honeywell (NYSE:HON) is pleased that the Court of First Instance has found that the European Commission’s theory on bundling in the GE-Honeywell decision was flawed and incorrect. Honeywell believes that the Court’s conclusion on this key issue is important to the future ability of global companies to enhance their businesses through acquisition.

Honeywell also confirms that today’s court decision will not revive merger discussions between the company and General Electric.

Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor’s 500 Index. For additional information, please visit www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Media Contact:
Elma Peters
32 2 728 2588


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