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 Sells Its Sonitrol Business Unit For $125.5 Million

31 31 2004

PEMBROKE, Bermuda: March 29, 2004 - Tyco International Ltd. (NYSE: TYC; BSX: TYC) announced today that it has sold its Sonitrol business unit for $125.5 million to an investment group made up of Spire Capital Partners, L.P., Carlyle Venture Partners and Wachovia Capital Partners. Sonitrol, previously part of Tyco Fire & Security, provides audio-detection security products through direct and franchise networks in North America. In fiscal year 2003, the unit had revenues of approximately $80 million.

The sale of Sonitrol is part of Tyco International's previously announced divestiture and restructuring program, which calls for exiting more than 50 businesses to help Tyco sharpen the focus on core businesses, simplify operations and improve its cost structure.

Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's leading provider of both electronic security services and fire protection services; the world's leading supplier of passive electronic components; a world leader in the medical products industry; and the world's leading manufacturer of industrial valves and controls. Tyco also holds a strong leadership position in plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion.