TYCO INTERNATIONAL LTD - FOURTH QUARTER EARNINGS REPORT

Pembroke, Bermuda - 19 November, 2008 - Tyco International Ltd. (NYSE: TYC; BSX: TYC) today reported $0.55 in diluted earnings per share (EPS) from continuing operations for the fiscal fourth quarter of 2008 and diluted EPS from continuing operations before special items of $0.81.  Diluted EPS from continuing operations was negatively impacted by special items which totaled $0.26 per share, primarily for restructuring activities.  Diluted EPS from continuing operations before special items increased 42% compared to the fourth quarter of 2007.  

Revenue in the quarter increased 7% to $5.3 billion, with organic revenue growth of 4%.  The company's operating margin was 8.1% and the operating margin before special items was 11.0%.  For the full year, revenue increased 9% to $20.2 billion, with organic revenue growth of 5%.  The company's operating margin for the full year was 9.6% and the operating margin before special items was 11.0%.

Cash from operating activities was $1.0 billion in the quarter.  The company had free cash flow of $759 million which was negatively impacted by $62 million primarily for restructuring activities. 

Tyco Chairman and Chief Executive Officer Ed Breen said, "We delivered solid results in the fourth quarter and for the full year, with good revenue growth and operating income improvement.  We continued to make progress on our key initiatives to improve our operations, refine our portfolio and carefully allocate our capital.  While we always take a disciplined approach to managing our businesses, this is an area of intense focus in this period of economic uncertainty. Our strong balance sheet and cash flow provide us with flexibility to strengthen our businesses through internal investments and bolt-on acquisitions."

A more detailed release an analysis can be found at www.tyco.com on the Investor Relations portion of Tyco's Website.