This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Tyco International Will Report Second Quarter Loss Of 23 Cents Per Share

30 30 2003

Pembroke, Bermuda: April 30, 2003 - Tyco International Ltd. (NYSE-TYC, BSX-TYC, LSE-TYI) will report in a more detailed release later today a loss from continuing operations of 23 cents per share for its second quarter. Second quarter 2003 results included 55 cents per share in after-tax net charges related to primarily non-cash adjustments arising out of the Company's intensified internal audits and detailed controls and operating reviews, a change to an accelerated amortization method for its ADT dealer program account assets, and a change in the accounting for the connect fee associated with ADT's dealer program.

Revenues for the second quarter 2003 were $9.0 billion.

Under the Company's prior definition, free cash flow was $1.1 billion in the second quarter 2003. (Free cash flow is a non-GAAP metric used by the Company, and a reconciliation presenting the components of free cash flow will be available on the Company's website.)

CONFERENCE CALL AND WEBCAST

The Company will discuss second quarter results on a conference call for investors today at 5:00 pm EDT, as opposed to 8:30 am on May 1 as previously announced. Conference call dial-in instructions will be provided along with the more detailed release to be issued later today.

ABOUT TYCO INTERNATIONAL

Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest designer, manufacturer, installer and servicer of undersea telecommunications systems; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services and the world's largest manufacturer of specialty valves. Tyco also holds strong leadership positions in medical device products, and plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2002 revenues from continuing operations of approximately $36 billion.