Tyco International Ltd. Announces Extension Of Exchange Offer for 6% Notes due 2013 PEMBROKE, Bermuda, April 27 /PRNewswire-FirstCall/ -- Tyco International Ltd. today announced that Tyco International Group S.A. has extended its offer to exchange (the "Exchange Offer") an aggregate principal amount of $1,000,000,000 of its outstanding 6% Notes due 2013 (the "Old Notes") that were issued on Nov. 12, 2003 for its new 6% Notes due 2013 (the "Exchange Notes") that have been registered under the Securities Act of 1933. The current Exchange Offer, scheduled to expire at 5 p.m., EDT, on April 26, 2004, has been extended until 5 p.m., EDT, on May 3, 2004. Tenders with respect to approximately $957,742,000 aggregate principal amount of the Old Notes, which represents 95.77% of the total outstanding principal amount of the Old Notes, have been received to date. This announcement is not an offer to sell any securities or a solicitation of any offer to buy any securities. The exchange offer is being made solely by means of a prospectus dated March 26, 2004. Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's leading provider of both electronic security services and fire protection services; the world's leading supplier of passive electronic components; a world leader in the medical products industry; and the world's leading manufacturer of industrial valves and controls. Tyco also holds a strong leadership position in plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion. FORWARD-LOOKING STATEMENTS 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 Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 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. DATASOURCE: Tyco International Ltd. CONTACT: News Media, Gwen Fisher, +1-609-720-4387, or Investor Relations, Ed Arditte, +1-609-720-4621, John Roselli, +1-609-720-4624, all of Tyco Web site: http://www.tyco.com/ Company News On-Call: http://www.prnewswire.com/comp/897850.html

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