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Tyco International Ltd. Announces Extension Of Exchange Offer For 6% Notes Due 2013

28 28 2004

Pembroke, Bermuda: April 27, 2004 - Tyco International Ltd. (NYSE: TYC; BSX: TYC) today announced that Tyco International Group S.A. has extended its offer to exchange (the "Exchange Offer") an aggregate principal amount of $1,000,000,000 of its outstanding 6% Notes due 2013 (the "Old Notes") that were issued on Nov. 12, 2003 for its new 6% Notes due 2013 (the "Exchange Notes") that have been registered under the Securities Act of 1933.

The current Exchange Offer, scheduled to expire at 5 p.m., EDT, on April 26, 2004, has been extended until 5 p.m., EDT, on May 3, 2004. Tenders with respect to approximately $957,742,000 aggregate principal amount of the Old Notes, which represents 95.77% of the total outstanding principal amount of the Old Notes, have been received to date.

This announcement is not an offer to sell any securities or a solicitation of any offer to buy any securities. The exchange offer is being made solely by means of a prospectus dated March 26, 2004.

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 inthe 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.