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      1. Analyst List


        United Technologies Corporation is covered by the following analysts.

        Firm Analyst Phone
        Argus Research Corp. John Eade 646-747-5445
        Atlantic Equities Richard Radbourne 44-20-7382-2913
        Bank of America Merrill Lynch Ron Epstein 646-855-5695
        Barclays Julien Mitchell 212-526-1661
        Bernstein Research Doug Harned 212-350-8420
        Citi Jonathan Raviv 212-816-7929
        Cowen and Company Cai Von Rumohr 617-946-3942
        Daiwa Jairam Nathan 212-612-6181
        Goldman Sachs Noah Poponak 212-357-0954
        Jefferies Sheila Kahyaoglu 212-336-7216
        J.P. Morgan Steve Tusa 212-622-6623
        Langenberg & Company Brian Langenberg 312-235-6521
        Melius Research Carter Copeland 212-503-6201
        Morningstar Chris Higgins
        RBC Capital Markets Deane Dray
        Robert W. Baird Peter Arment 646-557-3222
        Shapiro Research George Shapiro 973-327-9370
        Vertical Research Jeff Sprague 203-276-5665
        William Blair & Co. Nicholas Heymann 212-237-2740
        Wolfe Research Nigel Coe 646-582-9259

        United Technologies is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding United Technologies's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of United Technologies or its management. United Technologies does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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