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AlliedSignal Completes Purchase of Johnson Matthey Electronics

23 August 1999

AlliedSignal Completes Purchase of Johnson Matthey Electronics

    MORRIS TOWNSHIP, N.J.--Aug. 20, 1999--AlliedSignal Inc. said today that it has completed its acquisition of Johnson Matthey Electronics (JME).
    AlliedSignal purchased JME for US$655 million. JME, a leading supplier of materials to the semiconductor and microelectronics industries, will be part of AlliedSignal's Electronic Materials business.
    The transaction creates one of the largest providers of integrated materials and technology solutions to the electronics industry. The combination of AlliedSignal's Electronic Materials and Johnson Matthey Electronics will offer customers the full spectrum of interconnect solutions from wafer fabrication through semiconductor packages and system assembly.
    AlliedSignal Electronic Materials (www.electronicmaterials.com) serves the electronics industry with materials and services to produce semiconductor devices, advanced packaging for silicon chips and amorphous alloy products for power management. It operates facilities in more than 30 locations in 10 countries, including China, Canada, India, Japan, Korea, Mexico, Singapore, Taiwan, United Kingdom and the United States.
    AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace products and services, automotive products, chemicals, fibers 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. AlliedSignal was named the best diversified company by Forbes Global magazine; the most admired aerospace company by Fortune magazine, both globally and in the U.S.; and one of the 100 best companies to work for by Fortune.
    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.