Honeywell Signs $20 Million Service Agreement with MOL Hungarian Oil & Gas; Technology and Services Will Help MOL Meet Targets and Sharpen Global Competitiveness

Honeywell (NYSE: HON) today announced it was awarded afive-year, Integrated Service Agreement (ISA) worth more than $20million from a subsidiary of MOL Hungarian Oil and Gas Company,Hungary's largest company, to provide after-market services acrossMOL's four refinery and petrochemical sites in Hungary and the SlovakRepublic. It will provide full technology support for MOL's existingHoneywell TDC3000(R), TPS and Experion(R) Process Knowledge Systems(PKS), as well as software support, parts management, site servicesand future technology refreshes to help the plants maintain safe andconsistent operating environments.

"One of our primary challenges as a leader in the hydrocarbonprocessing industry is to continuously improve our operations and setstandards for best practices that we and others can sustain overtime," said Laszlo Fekete, director of corporate services, MOL Group."Honeywell technology and services can provide us with efficient,effective solutions that will help us meet our targets and sharpen ourglobal competitiveness."

"Having worked with Honeywell for more than two decades, MOL wasconfident in our ability to understand its business requirements andprovide increased reliability as well as a unified and common approachto service delivery," said Jack Bolick, president of Honeywell ProcessSolutions. "The contract demonstrates Honeywell's ability tocapitalize on our local expertise across multiple markets to deliverconsistent, efficient services that provide our customers withimproved business performance and increased competitiveness."

MOL is one of Europe's largest integrated oil and gas companiesand is the largest company in Hungary in terms of sales. Honeywell'srelationship with MOL dates back to 1983, and in 2004 it was awardedMOL's Annual Supplier Award for outstanding performance of its processcontrol systems.

Honeywell International is a $26 billion diversified technologyand manufacturing leader, serving customers worldwide with aerospaceproducts and services; control technologies for buildings, homes andindustry; automotive products; turbochargers; and specialty materials.Based in Morris Township, N.J., Honeywell's shares are traded on theNew York, London, Chicago and Pacific Stock Exchanges. It is one ofthe 30 stocks that make up the Dow Jones Industrial Average and isalso a component of the Standard & Poor's 500 Index. For additionalinformation, please visit www.honeywell.com. Honeywell ProcessSolutions is part of Honeywell's Automation and Control Solutionsgroup, a global leader in providing product and service solutions thatimprove efficiency and profitability, support regulatory compliance,and maintain safe, comfortable environments in homes, buildings andindustry. For more information about Process Solutions, accesswww.honeywell.com/ps.

This release contains forward-looking statements as defined inSection 21E of the Securities Exchange Act of 1934, includingstatements about future business operations, financial performance andmarket conditions. Such forward-looking statements involve risks anduncertainties inherent in business forecasts as further described inour filings under the Securities Exchange Act.

TDC3000(R) and Experion(R) are registered trademarks of HoneywellInternational Inc.