RNS Number:5060O
Tyco International Ld
08 August 2003




TYCO ANNOUNCES REQUEST FOR ACCELERATED EFFECTIVENESS OF ITS SHELF REGISTRATION
STATEMENT



SEC Division of Corporation Finance Informs Tyco Review of Financial Reports
Complete



Pembroke, Bermuda - August 8, 2003 - Tyco International Ltd. (NYSE - TYC, BSX -
TYC, LSE - TYI) today announced that it has filed a pre-effective amendment to
its existing shelf registration statement on Form S-3, requesting that the U.S.
Securities and Exchange Commission accelerate the effectiveness of the
registration statement as soon as possible.  The registration statement was
filed pursuant to a registration rights agreement entered into in January 2003
upon the private placement of Tyco International Group S.A.'s 2.750% Series A
Convertible Senior Debentures due 2018 and 3.125% Series B Convertible Senior
Debentures due 2023 under Rule 144A of the Securities Act.  The debentures are
convertible into Tyco common shares at the option of the holder on the terms and
conditions described in the registration statement.



As announced on July 29, 2003, the Company has restated its historical financial
statements.  In a letter dated August 7, 2003, the SEC's Division of Corporation
Finance informed the Company that it has completed its review of its periodic
reports, namely its Form 10-K/A for the year ended September 30, 2002, and the
Forms 10-Q/A for the quarters ended December 31, 2002 and March 31, 2003.  The
Company remains subject to an investigation by the SEC's Division of
Enforcement.



The registration statement relating to these securities that has been filed with
the Securities and Exchange Commission has not yet become effective.  The
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective except in transactions that are
exempt from the registration requirements of applicable securities law.  This
press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor will there be any sale of these debentures in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction. Copies of the registration statement, including the
prospectus and prospectus supplement subject to completion contained therein,
are available on the SEC's web site at www.sec.gov and may also be obtained on
the Company's web site at www.tyco.com under Investor Relations.



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 designer, manufacturer, installer and
servicer of undersea telecommunications systems; 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
2002 revenues from continuing operations of approximately $36 billion.



FORWARD-LOOKING INFORMATION



This release contains 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," "project," and similar expressions are generally
intended to identify forward-looking statements. The forward-looking statements
in this release include statements addressing 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 its Quarterly Report on Form 10-Q for the quarter ended March 31,
2003, as amended. 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:

Gary Holmes (Media)
212-424-1314

Ed Arditte (Investors)
212-424-1390


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