RNS Number:2745F
Honeywell International Inc (IRS)
14 June 2001

News Release

Contact:     Tom Crane
             (973) 455-4732

Honeywell Comments On GE'S European Regulatory Filing

MORRIS TOWNSHIP, New Jersey, June 14, 2001 -- Honeywell (NYSE: HON) today said
that it fully supports the filing made by General Electric (NYSE: GE) with the
European Commission related to the proposed GE/Honeywell merger.

"We believe the GE filing is fully responsive to the substance of the issues
raised by the European Commission," said Michael R. Bonsignore, Honeywell's
Chairman and CEO. "We remain committed to the merger and will continue to
support GE in its efforts to obtain European regulatory approval."

"While continuing to support the merger, we have a comprehensive contingency
plan in place if we must move forward as an independent company," Bonsignore
said. "Honeywell remains a fundamentally strong, $25 billion global company with
a promising future, strong financial performance, and world-class franchises in
aerospace, automation, specialty materials and automotive markets."

Since the announcement of the GE/Honeywell merger, Honeywell has been engaged in
an aggressive restructuring that has reduced annual expenses by approximately
$600 million, strengthened its balance sheet and reduced worldwide headcount by
10%, making the company more competitive and flexible.

Honeywell is a US$25-billion diversified technology and manufacturing leader,
serving customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive products; power
generation systems; specialty chemicals; fibers; plastics; and electronic and
advanced materials. The company is a leading provider of software and solutions
and Internet e-hubs including MyPlant.com and MyFacilities.com, and it is a
founding member of Cordiem, LLC, an aerospace industry business-to-business
Internet exchange and applications service provider. Honeywell employs
approximately 125,000 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.

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.
        
6/13/01
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