Royal Dutch Shell and Honeywell Sign Global Strategic Partnering Agreement

Business Wire, Sept 18, 1997

PHOENIX--(BUSINESS WIRE)--Sept. 18, 1997--Honeywell Industrial Automation and Control (IAC) and Shell International B.V. (The Hague, The Netherlands) announced today the signing of a global strategic partnering agreement.

The agreement will take advantage of Honeywell's leadership in control technology, advanced solutions and global capabilities. Honeywell will deliver leading technology solutions to significantly reduce Shell's total cost of ownership for automation solutions and advanced process control.

The strategic partnership with Shell includes Honeywell IAC's vast array of products and services. It provides the benefits derived from joint project development and leveraged expertise of both companies. Rapid implementation and reduced costs will provide accelerated return on investments for Shell.

Markos Tambakeras, President of Honeywell Industrial Controls stated that: "this global partnership builds on the excellent relationship that we have enjoyed over the past two decades with Shell International. Our global presence and single point responsibility provide Shell with best-in-class TotalPlant(automation solutions."

This agreement is principally available to all of Shell International's Operating Units around the world (Exploration and Production, Oil Products, Gas and Coal, Chemicals and others). The Shell group operates companies in over 100 countries. Through its Operating Companies, Shell manages about a tenth of the world oil and fossil energy industry. Shell makes about a tenth of all oil, coal and gas based chemicals used worldwide.

For information on Honeywell Industrial Automation and Control products and services write to: Honeywell Inquiries; 2800 Wells Branch Parkway; Austin, TX 78728. Inquiries also may be made to Honeywell by phone, 1-800-288-7491, or by fax, 512-244-9222. Information can also be ordered electronically at: http://www.harte-hanks.com/honeywell/iac_lit.cgi. See the Industrial Automation and Control Worldwide Web site at http://www.iac.honeywell.com.

Honeywell is a global controls company focused on creating value through technology that enhances comfort, improves productivity, saves energy, protects the environment and increases safety. The company serves customers worldwide in the homes and buildings, industrial, and aviation and space markets. Honeywell employs 57,500 people in 95 countries and had 1996 sales of $7.3 billion.

CONTACT: Honeywell B.V.

Th.A.J. Koeweiden

Laarderhoogtweg 18, 1101 EA Amsterdam Z.O.,

The Netherlands

E-mail: Theo.Koeweiden@NETHERLANDS.honeywell.com

Tel: (31) 20 5656576, or fax, (31) 20 5656644