PEMBROKE, Bermuda, 19 March, 2001 - Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC) today announced that on March 16, 2001 it and Tyco International Group S.A. ("Tyco S.A.") filed with the Securities and Exchange Commission a registration statement on Form S-3 for the purpose of registering for resale the zero-coupon convertible senior debentures due February 12, 2021 issued by Tyco S.A. and guaranteed by Tyco and the Tyco common shares into which the debentures are convertible. The issuance of these debentures, which generated approximately $2.2 billion in net proceeds, was previously announced in a February 7, 2001 release.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.