12 May 2003

HONEYWELL REFRIGERANTS EUROPE EXPANDS PRESENCE WITH NEW SPANISH APPOINTMENT

Honeywell Refrigerants Europe, a leader in HFC refrigerant technology, has announced the appointment of its first dedicated sales manager for Spain and Portugal.

The appointment of José Pedro Garcia Espinosa to this new position, which will also include sales responsibility for Africa and the Middle East, is part of Honeywell’s plan to expand its regional close-to-customer presence throughout Europe.

Mr. Espinosa has joined Honeywell from Friogas S.A., a leading Spanish refrigeration gas distributor, where he had held a number of positions in both product and plant management over the past six years. Latterly, these included the combined roles of Technical Manager for Spain and Sales Manager for the central and southern regions.

According to James Harris, Commercial Director, Honeywell Refrigerants Europe: “In his previous job José Pedro had already developed an in-depth understanding of our products. Combined with his knowledge of the regional markets he will be a strong contributor to our business’ growth throughout this area, as well as a key link in our customer support chain.”

With a career built in the chemicals and food industries, Mr. Espinosa, who holds a BSc Degree in Biological Science and a Masters Degree in Ecological Audit and Environmental Business Planning, brings solid, technical expertise and commercial experience to his new role.

As a global leader in HFC technology, Honeywell Refrigerants Europe is one of the major suppliers of fluorine-based refrigerants to the commercial and industrial refrigeration and air-conditioning industries. Already offering one of the industry’s broadest product ranges of environmentally safer refrigerants, Honeywell has in-place a continuous programme of research aimed at product innovations that further increase energy efficiency and safety, and contribute to a sustainable environment.

Reader enquiries

Honeywell
Wunstorfer Strasse 40
30926 Seelze
Germany

+49 51 37 999 9411

www.honeywell.com

Notes for editors

Honeywell Fluorine Products is part of Honeywell’s Specialty Materials business. Specialty Materials, a $ 4 billion strategic business unit of Honeywell, is a world leader in the production of nylon, polyester, polyethylene, fluorocarbons, caprolactam and specialty and electronic materials. Based in Morristown, New Jersey, the business has approximately 12,500 employees and more than 75 manufacturing and sales facilities worldwide. The business serves diverse market segments including automotive, healthcare, agricultural, electronic and food packaging, polymers/plastics, personal care, air conditioning and refrigeration, security coding, lubricants, paper and packaging, semiconductor, industrial and consumer power tools, paints and coatings, commercial and residential carpet, as well as body and vehicle protection. Honeywell Fluorine Products pioneered the development of fluorocarbons used in environmentally safer refrigerants and foam blowing agents. For more information, visit www.enovate3000.com or www.honeywellrefrigerants.com.

Honeywell is a US $ 24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell employs approximately 100,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the 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. Additional information on the company is available on the Internet at www.honeywell.com.

Forward-Looking Statement

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.