Honeywell Receives U.S. Antitrust Clearance for Acquisition of Sperian Protection

MORRIS TOWNSHIP, N.J., July 16, 2010 / WorldPRLine / — Honeywell (NYSE: HON) today announced it has received antitrust clearance from the U.S. Federal Trade Commission for its pending all cash tender offer to acquire the shares of Sperian Protection for euro 117 (dividend attached) per Sperian Protection share, which opened on July 12, 2010.

The transaction has already been approved by the French Ministry of Economy, Industry and Employment pursuant to French regulations relating to foreign investments.

The offer has been unanimously recommended by the Sperian Board of Directors, has been cleared by the French Autorite des marches financiers (AMF) on June 22, 2010 and has been opened on July 12, 2010.

The completion of the offer only remains subject to the European Union antitrust clearance and to the successful tender by Sperian’s shareholders of shares representing no less than 57% of the fully diluted number of shares (including the stakes of shareholders Essilor and Mrs. Ginette Dalloz).

Honeywell expects the transaction to close in the third quarter of 2010. The exact closing date of the offer will be determined by the AMF once the approval of the European antitrust authority is granted.

Sperian Protection is a leader in personal protection equipment (PPE) design and manufacturing and will be combined within Honeywell’s Automation and Control Solutions’ Life Safety business.

The tender offer prospectus (note d’information) cleared by the AMF is available for consultation on the website of the AMF (www.amf-france.org) and of Honeywell (www.honeywell.com/sites/fr) and may be obtained free of charge from:

Deutsche Bank AG
Succursale de Paris
3, avenue de Friedland
75008 Paris

Honeywell Holding France
2, rue de l’Avenir
Zone Industrielle Inova 3000
88150 Thaon-les-Vosges

Lazard Freres Banque
121 boulevard Haussmann
75008 Paris

About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

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