RNS Number:5178O
United Technologies Corporation
11 August 2003

Not for release, publication or distribution in, into or from Australia, Canada
or Japan



                                                                  11 August 2003



                        United Technologies Corporation



                      Recommended Cash Offer for Chubb plc



               Compulsory Acquisition of Outstanding Chubb Shares



United Technologies Corporation ("UTC") announces, in relation to the
recommended cash offer (the "Offer") made by a wholly-owned subsidiary of UTC
(the "Offeror") and (outside the United States) by UBS Investment Bank and
JPMorgan on its behalf for the entire issued and to be issued share capital of
Chubb plc ("Chubb"), as set out in the offer document dated 18 June 2003 (the
"Offer Document"), that the Offeror has, as of 1pm on 6 August 2003, acquired or
agreed to acquire, or received valid acceptances under the Offer in respect of
more than 90 per cent. of the Chubb Shares to which the Offer relates and will
shortly implement the procedures set out in sections 428 to 430F of the
Companies Act to acquire compulsorily those Chubb Shares for which it has not
already received acceptances of the Offer.

Enquiries:

UBS Investment Bank                Leanne Gordon-Kagan              Tel: +44 20 7567 8000

JPMorgan                           Edward Banks                     Tel: +44 20 7777 2000

Computershare Investor Services                                     Tel: 0870 703 0147
(receiving agent)
                                                                    (or +44 870 703 0147 if outside the UK)

Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the Offer Document.

This announcement does not constitute an offer to sell or an invitation to
purchase any securities or the solicitation of an offer to buy any securities,
pursuant to the Offer or otherwise. The full terms and conditions of the Offer
(including details of how the Offer may be accepted) are set out in the Offer
Document and the Form of Acceptance.

The availability of the Offer to Chubb Shareholders who are not resident in and
citizens of the United Kingdom or the United States may be affected by the laws
of the relevant jurisdictions in which they are located or of which they are
citizens. Such persons should inform themselves of, and observe, any applicable
legal or regulatory requirements of their jurisdictions.

Unless otherwise determined by UTC, the Offer is not being made, directly or
indirectly, in or into Australia, Canada, Japan or any jurisdiction where to do
so would constitute a breach of securities law in that jurisdiction, and the
Offer is not capable of acceptance from or within Australia, Canada, Japan or
any such other jurisdiction. Accordingly, copies of this announcement and any
related documents are not being, and must not be, directly or indirectly, mailed
or otherwise forwarded, distributed or sent in, into or from Australia, Canada,
Japan or any jurisdiction where to do so would constitute a breach of securities
laws in that jurisdiction, and persons receiving this announcement (including
custodians, nominees and trustees) must not mail or otherwise distribute or send
it in, into or from such jurisdictions as doing so may invalidate any purported
acceptance of the Offer.

Each of UBS Limited ("UBS Investment Bank") and J.P. Morgan plc ("JPMorgan") is
acting for UTC and the Offeror and no one else in connection with the Offer and
will not be responsible to anyone other than UTC and the Offeror for providing
the protections offered to clients respectively of UBS Investment Bank and
JPMorgan (as the case may be) nor for providing advice in relation to the Offer.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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