Dear Valued Customer,

On October 8, 2024, Honeywell announced its plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company. As a leading global provider of refrigerants, semiconductor materials, protective fibers and healthcare packaging solutions, the new Solstice Advanced Materials will be well-positioned to benefit from a simplified strategic focus and greater financial flexibility to pursue innovation and growth opportunities through investment cycles. Completion of the spin-off is targeted for the fourth quarter of 2025.

As we stand up our new company, we will focus relentlessly on meeting your needs with high levels of responsiveness and the industry-leading products and solutions on which you depend. Our goal is to ensure a seamless transition for you from the Honeywell Advanced Materials business to Solstice Advanced Materials. We appreciate your support in documenting your company’s consent to assign our agreement(s) with you and in updating your internal systems with our new vendor information.

We look forward to this exciting transition and continuing to serve you with innovative and sustainable solutions. For more information about the new company, please see below.

About the New Company

• Name: Solstice Advanced Materials
• Headquarters: Morris Plains, New Jersey, USA
• Footprint: With more than 3,900 employees around the world, Solstice Advanced Materials will have teams located in Charlotte, Houston, Dublin, Shanghai, Tokyo, Bangalore, Bucharest and Mexico City. The independent company will maintain a global manufacturing footprint including 21 manufacturing sites and four R&D sites.
• Scale: In 2024, the business generated net sales of $3.8 billion.
• Operating structure: Upon completion of the spin-off, Solstice Advanced Materials will be organized into two operating segments:
  • Refrigerants & Applied Solutions (“RAS”): A leading portfolio of low-global-warming-potential (LGWP) refrigerants, blowing agents, solvents and aerosol materials, distributed and sold through the Solstice®, Genetron®, and Aclar® brands. This segment generated net sales of $2.7 billion in 2024.
  • Electronic & Specialty Materials (“ESM”): A leading portfolio of electronic materials, industrial-grade fibers, laboratory life sciences materials, and specialty chemicals, distributed and sold through the Spectra®, Fluka®, and Hydranal® brands. This segment generated net sales of $1.0 billion in 2024.

Leadership team:

• Dr. Rajeev Gautam: Non-Executive Chairman of the Board of Directors, effective on completion of spin
• David Sewell: President and Chief Executive Officer, Solstice Advanced Materials
• Tina Pierce: Chief Financial Officer, Solstice Advanced Materials
• Jeff Dormo and Simon Mawson: Senior Vice Presidents and General Managers of Solstice Advanced Materials’ two business segments