AlliedSignal's Offer To Exchange Notes Due July 1, 2005 For Outstanding 9 7/8% Debentures Due June 1, 2002 And 9.20% Debentures Due February 15, 2003 Expires.

MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--June 30, 1998--AlliedSignal Inc. (NYSE:ALD) today announced that its offer to exchange its Notes due July 1, 2005 (the "New Notes") for its outstanding 9 7/8% Debentures due June 1, 2002 (Cusip No. 019512 AD4) (the "Old 2002 Debentures") and its outstanding 9.20% Debentures due February 15, 2003 (Cusip No. 019512 AG7) (the "Old 2003 Debentures") (the "Exchange Offer") as set forth in the related Offering Circular dated May 20, 1998 and the Supplement to the Offering Circular dated June 15, 1998 (as so supplemented, the "Offering Circular") expired at 11:59 p.m. on June 29, 1998. Pursuant to the terms of the Exchange Offer as set forth in the Offering Circular, the exchange date will be July 7, 1998.

As of 6:00 P.M. on June 29, 1998, holders of approximately $78.7 million aggregate principal amount of Old 2002 Debentures and approximately $37.9 million aggregate principal amount of Old 2003 Debentures have tendered for exchange.

AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com/.

    CONTACT:  AlliedSignal Inc., Morris Township
               Mark Greenberg
               [phone]