Tyco International Ltd. Completes Exchange Offer for 6% Notes Due 2013 PEMBROKE, Bermuda, May 5 /PRNewswire-FirstCall/ -- Tyco International Ltd. today announced that Tyco International Group S.A. has completed its offer to exchange all of its outstanding 6% Notes due 2013 (the "Outstanding Notes") for its newly issued 6% Notes due 2013. This transaction, as amended, has been registered under the Securities Act of 1933. The Outstanding Notes were issued pursuant to Rule 144A and Regulation S on Nov. 12, 2003. All $1,000,000,000 Outstanding Notes were tendered, subject to delivery of Outstanding Notes tendered by guaranteed delivery. The exchange offer expired at 5 p.m., ET, on May 3, 2004. This announcement is not an offer to sell any securities or a solicitation of any offer to buy any securities. The exchange offer was made solely by means of a prospectus dated March 26, 2004. Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in five business segments: Fire & Security, Electronics, Healthcare, Engineered Products & Services, and Plastics & Adhesives. With 2003 revenue of $37 billion, Tyco employs 260,000 people worldwide. More information on Tyco can be found at http://www.tyco.com/. 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, Investor Relations: Ed Arditte, +1-609-720-4621, or John Roselli, +1-609-720-4624, all of Tyco International Ltd. Web site: http://www.tyco.com/ Company News On-Call: http://www.prnewswire.com/comp/897850.html

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