Sessa Capital Is Betting On Garrett Motion Inc. (GTX)

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Page 8 of 10 – SEC Filing

Item 4. Ownership:

(a)

Amount beneficially owned:

Sessa Capital (Master), L.P. (the “Fund”)
directly beneficially owns 4,652,545 shares.

Sessa Capital GP, LLC is the general partner of the
Fund and, as a result, may be deemed to beneficially own shares owned by the Fund.

Sessa Capital IM, L.P. is the investment manager of
the Fund and, as a result, may be deemed to beneficially own shares owned by the Fund.

Sessa Capital IM GP, LLC is the general partner of
Sessa Capital IM, L.P. and, as a result, may be deemed to beneficially own shares owned by Sessa Capital IM, L.P.

Mr. Petry is the manager of Sessa Capital GP, LLC
and Sessa Capital IM GP, LLC and, as a result, may be deemed to beneficially own shares owned by the Fund.

(b)

Percent of class:

 

6.3%, based on 74,070,852 shares of Common Stock outstanding
as of October 1, 2018, according to Honeywell International Inc.’s Form 4 filing dated October 1, 2018.

 

(c)

Number of shares as to which the person has:

 

(i)       Sole
power to vote or to direct the vote:

Each of the reporting persons may be deemed
to have the sole power to vote or direct the vote of 4,652,545 shares.

(ii)       Shared
power to vote or to direct the vote: Not applicable

(iii)       Sole
power to dispose or direct the disposition:

Each of the reporting persons may be deemed
to have the sole power to dispose or direct the disposition of 4,652,545 shares.

(iv)       Shared
power to dispose or direct the disposition: Not applicable.

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