Tyco Announces that Due to the Declaration of its Regular Quarterly Dividend on May 10, 2007, it is Increasing the Purchase Price with Respect to the Tender Offer and Consent Solicitation for 3.125% Convertible Senior Debentures Due 2023

PEMBROKE, Bermuda, May 10 /PRNewswire-FirstCall/ -- Tyco International Ltd. ("Tyco") (NYSE: TYC; BSX: TYC) today announced an adjustment to the purchase price of its 3.125% Convertible Senior Debentures due 2023 (the "2023 Convertible Debentures") (CUSIP 902118BE7; 902118BG2). The Purchase Price, as defined in the tender offer and consent solicitation for the 2023 Convertible Debentures, for each $1,000 principal amount of 2023 Convertible Debentures validly tendered will be increased by $2.30. The increase in the Purchase Price is being made to accommodate the expected ex-dividend trading of Tyco International Ltd. shares during the period from May 18, 2007 through and including May 24, 2007. The revised Purchase Price for each $1,000 principal amount of the 3.125% Convertible Senior Debentures due 2023 will be determined after 5:00 p.m., New York City time, on May 22, 2007. Tyco expects to publicly announce this pricing information by subsequent press release. In the tender offer and consent solicitation for the 2023 Convertible Debentures, holders must tender their 2023 Convertible Debentures and deliver their consents by 12:00 midnight, New York City time, on May 24, 2007 (the "Expiration Date"), unless such date is extended or earlier terminated, to be eligible to receive the purchase price set forth in the tender offer and consent solicitation document. Holders who tender 2023 Convertible Debentures must also deliver consents to the proposed indenture amendments. The tender offer for the 2023 Convertible Debentures is subject to the satisfaction of certain conditions, as specified in the relevant tender offer and consent solicitation documents. Payment of the purchase price on the 2023 Convertible Debentures will be made promptly after the Expiration Date, if such Convertible Notes are accepted for payment. Information Relating to Tender Offers Goldman, Sachs & Co. and Morgan Stanley are the Dealer Managers for the tender offer and Solicitation Agents for the consent solicitation. Investors with questions regarding the tender offer may contact Goldman, Sachs & Co. at (212) 902-9077 or (800) 828-3182 (toll free) and Morgan Stanley at (212) 761- 1941 or (800) 624-1808 (toll free). Global Bondholder Services Corporation is the Information Agent and Depositary and can be contacted at (212) 430-3774 (collect) or in relation to the tender offer and the consent solicitation, at (866) 470-3700 (toll free). None of Tyco or its subsidiaries referred to herein, their respective governing bodies, the Information Agent, the Depositary or the Dealer Managers make any recommendation as to whether holders of any of the notes referred to in this press release should tender or refrain from tendering or as to whether holders of such notes should provide consents to the proposed amendments. This press release does not constitute an offer to purchase any securities. Tyco and its subsidiaries expressly reserve the right, in their sole discretion, subject to applicable law to: (i) terminate prior to the relevant expiration date the tender offer and consent solicitation and not accept for payment any notes not theretofore accepted for payment; (ii) waive on or prior to the expiration date any and all of the conditions of the tender offer and the consent solicitation; (iii) extend the expiration date; and (iv) amend the terms of the tender offer or consent solicitation. The foregoing rights are in addition to their right to delay acceptance for payment of notes tendered under the tender offer or the payment for notes accepted for payment in order to comply in whole or in part with any applicable law, subject to Rule 14e- 1(c) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") with respect to the tender offer, to the extent applicable, which requires that an offer or pay the consideration offered or return the securities deposited by or on behalf of the holders thereof promptly after the termination or withdrawal of a tender offer; and receipt of the required consents to implement the proposed amendments. This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the notes. The full details of the tender offer for the notes, including complete instructions on how to tender notes have been included in the offer to purchase and consent solicitation statement, the letter of transmittal and related materials. Holders are strongly encouraged to read carefully the offer to purchase and consent solicitation statement, the letter of transmittal and any other related materials, including materials filed with the Securities and Exchange Commission, because they contain important information. Holders of notes may obtain free copies of the offer to purchase and consent solicitation statement and other related materials filed with the Securities and Exchange Commission at the Commission's website at http://www.sec.gov. Holders of notes may obtain a copy of the tender offer and consent solicitation statement, free of charge, from Global Bondholder Services Corporation, the information agent in connection with the tender offer and consent solicitation for the notes, by calling toll-free at (866) 470-3700 or (212) 430-3774 (bankers and brokers can call collect at 212-430-3774). Holders of notes are urged to carefully read these materials prior to making any decisions with respect to the tender offer and consent solicitation. About Tyco Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare, and Engineered Products & Services. With 2006 revenue of $41 billion, Tyco employs approximately 240,000 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. 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. 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. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K and 10-K/A for the fiscal year ended Sept. 29, 2006 and in Tyco's Quarterly Report on Form 10-Q and for the fiscal quarter ended March 30, 2007.