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Tyco International Ltd. Completes Exchange Offer For 6% Notes due 2013

06 6 2004

PEMBROKE, Bermuda: 4 May 2004 - Tyco International Ltd. (NYSE: TYC; BSX: TYC) today announced that Tyco International Group S.A. has completed its offer to exchange all of its outstanding 6% Notes due 2013 (the "Outstanding Notes") for its newly issued 6% Notes due 2013. This transaction, as amended, has been registered under the Securities Act of 1933. The Outstanding Notes were issued pursuant to Rule 144A and Regulation S on Nov. 12, 2003. All $1,000,000,000 Outstanding Notes were tendered, subject to delivery of Outstanding Notes tendered by guaranteed delivery. The exchange offer expired at 5 p.m., ET, on May 3, 2004.

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

Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in five business segments: Fire & Security, Electronics, Healthcare, Engineered Products & Services, and Plastics & Adhesives. With 2003 revenue of $37 billion, Tyco employs 260,000 people worldwide. More information on Tyco can be found at www.tyco.com.