PEMBROKE, Bermuda, May 12, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Tyco International
Ltd. (NYSE: TYC, BSX: TYC) (the "Company") today announced that it will extend
the previously announced consent solicitations and exchange offers for each
series of outstanding notes issued under the Company's 1998 and 2003
indentures. The Company previously announced that it had received consents
from the holders of a majority in principal amount of each such series of
notes. Details of the results for each series of notes, as of 2:00 p.m. New
York time, on May 12, 2008, are provided below.

As a result of the receipt of the requisite consents, and based on the
waiver of any alleged defaults or events of default that may have arisen prior
to April 11, 2008 contained therein, the Company has taken the necessary steps
to dismiss the proceeding entitled The Bank of New York v. Tyco International
Group S.A. pending in the United States District Court for the Southern
District of New York. On April 30, 2008, the Court entered an order
dismissing that action with prejudice. As a result, the Company expects to
complete the consent solicitations and exchange offers in early June 2008.

In accordance with the terms of the Offer Documents, delivered consents
may no longer be revoked and tendered notes may no longer be withdrawn, unless
the exchange offers and the consent solicitations are terminated in accordance
with the Offer Documents. As the Company expects all conditions to the
consummation of the transactions to be met at the end of May 2008, the Company
and TIFSA are extending the Consent Date and Expiration Date (as such terms
are defined in the Offer Documents) for noteholders to submit consents and
tender applicable notes for exchange. The new Consent Date and the new
Expiration Date are 5:00 p.m. New York City time, on June 2, 2008, subject to
further extensions.

    Consent Solicitation Results as of 2:00 p.m. New York time, May 12, 2008:

                              Consents Received   Notes Tendered for Exchange
    7.0% notes due 2028       99%                 96%
    6.875% notes due 2029     98%                 97%
    6.0% notes due 2013       98%                 Not Applicable
    6.375% notes due 2011     98%                 Not Applicable
    6.75% notes due 2011      97%                 Not Applicable
    6.125% notes due 2009     95%                 Not Applicable
    6.125% notes due 2008     89%                 Not Applicable

This press release is neither an offer to sell or a solicitation of an
offer to buy any exchange Notes nor shall there be any sale of such notes in
any state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to the registration or qualification thereof under the
securities laws of any such state or jurisdiction. Any offer of the exchange
Notes is made only by means of a private offering memorandum. The exchange
Notes have not been registered under the Securities Act or the securities laws
of any other jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.

ABOUT TYCO INTERNATIONAL

Tyco International (NYSE: TYC) is a diversified, global company that
provides vital products and services to customers in more than 60 countries.
Tyco is a leading provider of security products and services, fire protection
and detection products and services, valves and controls, and other industrial
products. Tyco had 2007 revenues of more than $18 billion and has 118,000
employees worldwide. More information on Tyco can be found at www.tyco.com.

FORWARD-LOOKING INFORMATION

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.
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 for the fiscal year ended September 28, 2007 and Tyco's Quarterly
Report on Form 10-Q for the period ended March 28, 2008.

SOURCE Tyco International Ltd.

http://www.tyco.com

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