HON Honeywell International Incorporated

RNS Number:3557G
Novar PLC
13 December 2004


Novar PLC


December 13, 2004


Further to the announcements by Novar and Honeywell this morning, and the
defence document relating to the Melrose Offer posted today, shareholders should
be aware that Cazenove is deemed to be a connected party to JPMorgan,
Honeywell's financial adviser, and Goldman Sachs is deemed to be a connected
party to Honeywell.  CSFB is therefore acting as the independent financial
adviser to Novar for the purposes of providing independent advice to the board
of Novar on the offers from both Honeywell and Melrose under Rule 3 of the City
Code.  Cazenove, CSFB and Goldman Sachs continue to act as joint financial
advisers to Novar.

Cazenove, which is regulated in the United Kingdom by the Financial Services
Authority, is acting for Novar as financial adviser and broker in connection
with the Offers and no one else and will not be responsible to anyone other than
Novar for providing the protections afforded to customers of Cazenove or for
providing advice in relation to the Offers.


Credit Suisse First Boston, which is regulated in the United Kingdom by the
Financial Services Authority, is acting for Novar as financial adviser and
broker in connection with the Offers and no one else and will not be responsible
to anyone other than Novar for providing the protections afforded to customers
of Credit Suisse First Boston or for providing advice in relation to the Offers.

Goldman Sachs International, which is regulated in the United Kingdom by the
Financial Services Authority, is acting for Novar in connection with the Offers
and no one else and will not be responsible to anyone other than Novar for
providing the protections afforded to customers of Goldman Sachs International
or for providing advice in relation to the Offers.


N.B.  - Definitions in this announcement should be taken to mean the same as
those set out in the relevant announcements and defence documents referred to
herein.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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