Tyco International Ltd. to Cancel Secondary Listing of Common Shares in London PEMBROKE, Nov. 12 /PRNewswire-FirstCall/ -- Tyco International Ltd. today announced that it intends to delist Tyco common shares from the Official List of the UK Listing Authority and from trading on the London Stock Exchange plc, effective from close of business on December 12, 2003. This action is being taken due to the low trading volume of Tyco shares on the London Stock Exchange and the costs associated with the maintenance of the London listing. Tyco common shares will continue to be listed on the New York Stock Exchange and on the Bermuda Stock Exchange. Until the cancellation of the listing on close of business on December 12, 2003, Capita Registrars (formerly IRG plc) will continue to act as Tyco's transfer agent in the United Kingdom. After that date, as Tyco will no longer retain a branch register or transfer agent in the UK, all communications relating to share registration, dividends and similar matters should be sent to Tyco's global transfer agent, Mellon Investor Services, LLC, at Mellon Investor Services, LLC, 85 Challenger Road, Ridgefield Park, NJ 07660, U.S.A. (telephone: 001-201-329-8810). A letter is being sent to shareholders with registered addresses in the UK today informing them of this change. About Tyco International Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services; and the world's largest manufacturer of specialty valves. Tyco also holds strong leadership positions in medical device products, and plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion. Forward-Looking Information This release may contain certain "forward- looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. The forward-looking statements in this release include statements addressing the following subjects: future financial condition and operating results. Economic, business, competitive and/or regulatory factors affecting Tyco's businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended September 30, 2002, as amended, and in Tyco's Quarterly Report on Form 10-Q for the quarter ended June 30, 2003. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Contacts: Media: Gary Holmes, (001) 609-720-4387 Investor Relations: Ed Arditte, (001) 609-720-4621 John Roselli, (001) 609-720-4624 DATASOURCE: Tyco International Ltd. CONTACT: Media: Gary Holmes, +001-609-720-4387, or Investor Relations: Ed Arditte, +001-609-720-4621, John Roselli, +001-609-720-4624, all of Tyco Web site: http://www.tyco.com/ Company News On-Call: http://www.prnewswire.com/comp/897850.html

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