Results of LYONS Offer

RNS Number:2495S
Tyco International Ld
19 November 2003

FOR IMMEDIATE RELEASE

                     TYCO ANNOUNCES RESULTS OF ITS OFFER TO
                          REPURCHASE LYONSTM DUE 2020


Pembroke, Bermuda, November 18, 2003 - Tyco International Ltd. (NYSE: TYC, BSX:
TYC, LSE: TYI) today announced the results of its offer to repurchase its Liquid
Yield OptionTM Notes due 2020 (Zero Coupon-Senior) (the "LYONs").  The holders'
option to surrender their LYONs for repurchase expired at 5:00 p.m., New York
City time, on Monday, November 17, 2003.



Tyco has been advised by the trustee, U.S. Bank National Association, that LYONs
with an aggregate principal amount at maturity of $3,196,711,000 were validly
surrendered for repurchase and not withdrawn, and Tyco has repurchased all of
such LYONs.  The purchase price for the LYONs was $775.66 in cash per $1,000 in
principal amount at maturity.  The aggregate purchase price for all of the LYONs
validly surrendered for repurchase and not withdrawn was $2,479,560,854.26.



ABOUT TYCO INTERNATIONAL LTD.



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 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
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, 609-720-4387

Investor Relations:      Ed Arditte, 609-720-4621
                         John Roselli, 609-720-4624


* "Liquid Yield Option" and "LYONs" are Trademarks of Merrill Lynch & Co., Inc.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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