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AlliedSignal And Honeywell Set Sept 1 As Date For Shareowners Meetings

13 July 1999

AlliedSignal And Honeywell Set September 1 As Date For Special Shareowners Meetings To Approve Merger

    MORRIS TOWNSHIP, N.J. and MINNEAPOLIS--July 12, 1999--AlliedSignal Inc. and Honeywell Inc. announced today that they have scheduled special shareowners meetings for September 1, 1999, to approve the proposed merger of the two companies.
    The AlliedSignal meeting will be held in Morristown, New Jersey, and Honeywell's meeting will be held in Minneapolis, Minnesota. The record date for determining shareowners entitled to vote on the merger is July 22, 1999. Subject to final clearance of the proxy statements by the SEC, proxy material will be mailed around July 29. In addition to shareowner approval, the transaction is subject to regulatory approvals.
    AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace services and products, automotive products, chemicals, fibers, plastics and advanced materials. 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. The company employs 70,400 people in some 40 countries. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com.
    Honeywell is the world's leading provider of control technologies for buildings, homes, industry, space and aviation. The company employs 57,000 people in 95 countries and had 1998 sales of $8.4 billion. Additional information is available at http://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.