RNS Number:5865K
Tyco International Ld
30 April 2003



FOR IMMEDIATE RELEASE:


   TYCO INTERNATIONAL WILL REPORT SECOND QUARTER LOSS OF 23 CENTS PER SHARE

                CHARGES TOTALED 55 CENTS PER SHARE IN THE QUARTER

              "FREE CASH FLOW" $1.1 BILLION UNDER PRIOR DEFINITION

Pembroke, Bermuda, April 30, 2003 -- Tyco International Ltd. (NYSE-TYC, BSX-TYC,
LSE-TYI) will report in a more detailed release later today a loss from
continuing operations of 23 cents per share for its second quarter. Second
quarter 2003 results included 55 cents per share in after-tax net charges
related to primarily non-cash adjustments arising out of the Company's
intensified internal audits and detailed controls and operating reviews, a
change to an accelerated amortization method for its ADT dealer program account
assets, and a change in the accounting for the connect fee associated with ADT's
dealer program.



Revenues for the second quarter 2003 were $9.0 billion.



Under the Company's prior definition, free cash flow was $1.1 billion in the
second quarter 2003. (Free cash flow is a non-GAAP metric used by the Company,
and a reconciliation presenting the components of free cash flow will be
available on the Company's website.)



CONFERENCE CALL AND WEBCAST



The Company will discuss second quarter results on a conference call for
investors today at 5:00 pm EDT, as opposed to 8:30 am on May 1 as previously
announced. Conference call dial-in instructions will be provided along with the
more detailed release to be issued later today.



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 and its
Quarterly Report on Form 10-Q for the quarter ended December 31, 2002. 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.



                                                                      043003



CONTACTS:     Media: Gary Holmes, 212-424-1314
              Investor Relations: Kathy Manning, 603-334-3900






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