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United Technologies Corp. Declares Two For One Stock Split

30 April 1999

United Technologies Corp. Declares Two For One Stock Split

    HARTFORD, Conn., April 30 -- The board of directors of United
Technologies Corp. has approved a two for one split of UTC common
stock in the form of a stock dividend.
    In addition, the directors declared a regular quarterly cash dividend of
$0.36 on the pre-split common shares.
    Both the stock dividend and the cash dividend will be payable to
shareholders of record at the close of business May 7.  The stock dividend
will be issued May 17, 1999 and the cash dividend will be paid June 10, 1999.
The directors also declared a regular quarterly dividend of $1.20 a share on
the convertible preferred stock held under the corporation's Employee Stock
Ownership Plan.  The dividend is payable June 10, 1999 to owners of record at
the start of business June 10, 1999.
    The board also doubled the outstanding authorization for the repurchase of
UTC common stock in keeping with the stock split.
    United Technologies Corp. provides a broad range of high technology
products and support services to the building systems, automotive, and
aerospace industries.