Tyco Announces Sale of ADT Automotive

Hamilton, Bermuda, January 14, 2000 - Tyco International Ltd. (NYSE-TYC, LSE-TYI, BSX-TYC), a diversified manufacturing and service company, announced today that it has entered into an agreement to sell its ADT Automotive business to Manheim Auctions, Inc., a wholly owned subsidiary of Cox Enterprises, Inc., for $1 billion in cash. The sale is subject to customary regulatory review, and when complete, will generate a one-time gain to Tyco of approximately $300 million.

"ADT Automotive is an excellent business, but one that does not directly fit within our four key segments of Telecommunications and Electronics, Healthcare and Specialty Products, Fire and Security Systems, and Flow Control," said L. Dennis Kozlowski, Tyco's Chairman and Chief Executive Officer. "This sale will immediately enhance our already strong cash flow, which we will continue to reinvest in each of our four businesses to further drive Tyco's growth."

ADT Automotive is a wholesale automobile auction company with 28 locations in the U.S. The company was originally acquired as part of Tyco's acquisition of ADT Limited in July 1997. Since that time, Tyco has made investments in facilities, systems, and value-added services which have resulted in increased sales and substantially improved earnings.

Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems, the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, has strong leadership positions in disposable medical products, plastics, and adhesives, and is the largest manufacturer of flow control valves. The Company operates in more than 80 countries around the world and has expected fiscal 2000 revenues in excess of $26 billion.

FORWARD LOOKING INFORMATION

Comments in this release concerning the gain on the sale from ADT Automotive, the generation of free cash flow and cash generated by the divestiture, the timing of or certainty that the divestiture will occur and expected fiscal 2000 revenue are forward-looking statements, which are based on management's good faith expectations and belief concerning future developments. Actual results may materially differ from these expectations as a result of many factors, relevant examples of which are set forth in the "Management Discussion and Analysis" section of the Company's 1999 Annual Report on Form 10-K and the Company's 1999 Annual Report.