Honeywell International Inc 23 January 2006 Honeywell International Inc 21 January 2006 Not for release, publication or distribution in or into Australia, Canada, Japan or the United States HONEYWELL INTERNATIONAL INC. OFFER UPDATE Honeywell notes the announcement made on 20 January 2006 by Danaher Corporation that it is intending to make an offer for First Technology plc at a price of 330p per share. Honeywell, in response to the offer announced by Danaher, is considering whether to raise its offer and expects to make a further announcement within the next week. Enquiries UBS Investment Bank Tel: +44 (0) 20 7567-8000 (Financial adviser and broker to Honeywell) Aidan Clegg Hugo Robinson Citigate Dewe Rogerson Sarah Gestetner Tel: +44 7767 481 163 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 Offer or otherwise. The Offer is being made solely by the Offer Document and the Form of Acceptance accompanying the Offer Document which contains the full terms and conditions of the Offer including details of how the Offer may be accepted. The Offer Document and Form of Acceptance are being made available to those First Technology Shareholders who are able to receive them, as a result of the laws of the jurisdictions in which they are resident. First Technology Shareholders should read the Offer Document and Form of Acceptance (if they are able to receive them) as they contain important information. The Offer is not being made, directly or indirectly, 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 Offer will not be capable of acceptance by any such use, means, instrumentality or facility or from within Australia, Canada, Japan or the United States. Accordingly, copies of formal documentation relating to Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed 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 them into or from Australia, Canada, Japan or the United States. Doing so may render invalid any related purported acceptance of the Offer. In the event that Honeywell Acquisitions II extends the Offer in the US 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. UBS Limited ('UBS' or 'UBS Investment Bank') is acting for Honeywell and Honeywell Acquisitions II in connection with the Offer and no one else and will not be responsible to anyone other than Honeywell or Honeywell Acquisitions II for providing the protections afforded to customers of UBS or for providing advice in relation to the Offer. 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