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Tyco Names Keller Arnold As Vice President Financial Planning & Analysis

27 27 2003

PEMBROKE, Bermuda: March 27, 2003 - Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) today announced the appointment of Keller Arnold to the newly created position of Vice President Financial Planning & Analysis. She comes to Tyco with 16 years of experience at General Electric, where she most recently served as Staff Executive supporting the Vice Chairman and Chief Financial Officer and driving the company-wide focus on cash.

As Vice President Financial Planning & Analysis, Ms. Arnold will be responsible for all short- and long-term planning, as well as for creating operating mechanisms to drive execution of earnings and cash commitments. She will report to Executive Vice President and Chief Financial Officer David J. FitzPatrick.

Mr. FitzPatrick said: "Keller is an important addition to the world-class finance team we are putting in place at Tyco. The experience she brings from GE includes outstanding leadership skills, a vast financial knowledge of various areas including manufacturing, marketing and sales, service, audit and planning and a solid background in international business. Keller's credentials for this newly created position are impeccable and I am confident that she will be a great addition to Tyco."

Ms. Arnold said: "With its strong businesses and new leadership, Tyco has the potential to deliver real value to shareholders. I am excited to take on the challenges that this new role will bring and look forward to working with the strong financial team that Dave FitzPatrick has put together."

Prior to her Staff Executive role, Ms. Arnold was the CFO of GE Silicones, where she had full financial responsibility for a $1.3 billion revenue business. Previous to that position, Ms. Arnold managed a $500 million revenue pan-European business in her role as Finance Director - Medical Services Business at GE Medical Systems in Paris, France. Before joining GE Medical Systems, she spent nearly 5 years at GE Appliances in Product Management and Manufacturing Finance, ultimately leading all communications and planning activities as Manager of Financial Planning and Analysis.

Ms. Arnold was an Audit Manager on GE's Corporate Audit Staff prior to joining GE Appliances. She has a Bachelor of Science in Economics from the University of Alabama.