Honeywell International Inc 06 April 2005 Not for release, publication or distribution in or into Australia, Canada, Japan or the United States FOR IMMEDIATE RELEASE April 6, 2005 HONEYWELL ACQUISITIONS LIMITED COMPULSORY ACQUISITION OF OUTSTANDING NOVAR ORDINARY SHARES AND NOVAR PREFERENCE SHARES Honeywell Acquisitions announces that, as at 3.00pm (London time) on April 5, 2005, valid acceptances of the Ordinary Offer had been received in respect of 398,649,048 Novar Ordinary Shares representing approximately 92.38 per cent. of Novar's issued ordinary share capital. Accordingly, Honeywell Acquisitions announces that compulsory acquisition notices under section 429 of the Companies Act 1985 have yesterday been despatched to the holders of Novar Ordinary Shares and Novar Preference Shares who have not yet accepted the relevant Offer(s). The transfer of the compulsorily acquired Novar Ordinary Shares and Novar Preference Shares is expected to occur on or after May 17, 2005. In the meantime, the Offers remain open for acceptance. Defined terms in this announcement have the meanings given to them in the offer document dated January 10, 2005. Enquiries JPMorgan Tel: +44 (0) 20 7742 4000 Larry Slaughter Eamon Brabazon This announcement does not constitute an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to buy or subscribe for any securities pursuant to the Offers or otherwise. JPMorgan, which is regulated in the United Kingdom by the Financial Services Authority, is acting for Honeywell and the Offeror in connection with the Offers and no one else and will not be responsible to anyone other than Honeywell or the Offeror for providing the protections afforded to customers of JPMorgan or for providing advice in relation to the Offers. The directors of the Offeror and members of the Executive Committee accept responsibility for all information contained in this announcement. To the best of the knowledge and belief of the directors of the Offeror and the members of the Executive Committee (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. The Offers will not be made, directly or indirectly, to, or for the account or benefit of, US Persons or in or into, or by use of the mails or any other means or instrumentality (including, without limitation, telephonic or electronic) of interstate or foreign commerce of, or any facility of a national, state or other securities exchange of, Australia, Canada, Japan or the United States, and the Offers will not be capable of acceptance by or for the account or benefit of US Persons or by any such use, means, instrumentality or facility or from within Australia, Canada, Japan or the United States. Accordingly, copies of documentation relating to the Offers are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed to, or sent to, or for the account or benefit of, US Persons or in or into or from Australia, Canada, Japan or the United States and persons receiving this announcement (including custodians, nominees and trustees) must not distribute or send it into or from Australia, Canada, Japan or the United States. Doing so may render invalid any related purported acceptance of the Offers. In the event that Honeywell extends the Offers in the US or to or for the account or benefit of US Persons at some future time, it will do so in satisfaction of the procedural and filing requirements of the US securities laws at that time, to the extent applicable thereto. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in any such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions. This information is provided by RNS The company news service from the London Stock Exchange