Brunei Shell Petroleum Selects Honeywell to Automate its Offshore Platform

Honeywell Experion PKS System Integrates Safety Systems with Advanced Monitoring, Control to Reduce Costs

PHOENIX, March 3, 2003 -- Brunei Shell Petroleum has chosen Honeywell’s (NYSE: HON) Experion PKS(tm) Process Knowledge System™ for monitoring, control and safety shutdown operations at their Well Jacket-2 platform off the coast of Brunei, Darussalam. The Experion PKS system is used in industrial plants and mills to control, monitor and integrate complex processes.

Brunei Shell Petroleum expects that the implementation of the Experion PKS system will result in lower initial capital expenditures as well as lower ongoing operational costs.

“Honeywell has demonstrated that it has the products, solutions,
capabilities and resources to fulfill the project requirements,” said Leong Woon Choon, Project Manager for Brunei Shell. “We are convinced that Honeywell can execute and deliver the required solution for the project.”

The project will include FOUNDATION* fieldbus integration with Experion PKS, Honeywell’s Fail Safe Controller (FSC®) safety system and integrated historical, financial, operational and maintenance databases that will share information from multiple sites across Brunei Shell, using standard spreadsheets and reports. Honeywell Asset Manager PKS Predictive maintenance and diagnostics tools will make diagnostics and maintenance information from field devices and Experion PKS hardware devices easily available to Brunei Shell Petroleum - providing multiple maintenance and troubleshooting benefits.

The selection of FOUNDATION fieldbus over conventional I/O systems
provides added cost savings due to reduced equipment, system I/O and cable installation costs. Additional benefits include improved yield and increased productivity. FOUNDATION fieldbus provides integration and interoperability of instrumentation from a wide variety of suppliers.

Honeywell International is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; automotive products; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, N.J., Honeywell 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. Its shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. For additional information, please visit www.honeywell.com. Honeywell Industry Solutions
is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Industry Solutions, access http://www.acs.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.

Experion PKS™ and Process Knowledge System™ are trademarks of Honeywell International Inc. FOUNDATION* is a trademark of the Fieldbus Foundation. FSC® is a registered trademark of Honeywell International Inc.