PEMBROKE, Bermuda, Jan. 13 /PRNewswire-FirstCall/ -- Tyco International Ltd. (NYSE:TYC)(BSX:TYC) and Tyco International Finance S.A. today delivered a notice of redemption of its $28,000 remaining principal amount of Zero Coupon Convertible Debentures Due 2021 (the "Debentures"). The redemption date for the Debentures is February 12, 2009. As stated in the notice of redemption for the Debentures and in accordance with the indenture under which the Debentures were issued, the redemption price of the Debentures is $835.83 per $1,000 principal amount at maturity, which represents the accrued original issue discount calculated to the redemption date. As a result of the separation transactions undertaken by Tyco International Ltd. in 2007, the Debentures became convertible into common shares of Tyco International Ltd., Covidien Ltd. and Tyco Electronics Ltd. The Debentures are convertible into 2.1729 common shares of Tyco International Ltd., 2.1729 common shares of Covidien Ltd. and 2.1729 common shares of Tyco Electronics Ltd., per $1,000 principal amount of the Debentures, subject to certain conditions set forth in the indenture and in the Debentures and subject to adjustment under certain circumstances. The closing prices, as reported on the New York Stock Exchange on January 12, 2009, of the common shares of Tyco International Ltd., Covidien Ltd. and Tyco Electronics, Ltd. were $23.25, $37.29 and $16.99, respectively. The aggregate value of the shares receivable upon conversion would thus have been $168.46, as of January 12, 2009. Any holder may convert its Debentures so long as such holder complies with the conditions to conversion described in the Debentures. The last conversion date for the Debentures is February 9, 2009. The forgoing pricing information and aggregate value of the shares upon conversion are provided as examples only. Holders should verify current pricing information of the common shares of Tyco International Ltd., Covidien Ltd. and Tyco Electronics Ltd. before making any decision regarding the conversion of their securities. Tyco will redeem any unconverted Debentures with available cash. The accrued original issue discount of the Debentures payable on the redemption date is $23,403.24. This press release does not constitute a notice of redemption of the Debentures. The redemption is made solely pursuant to the notice of redemption with respect to the Debentures dated January 13, 2009 and delivered by the trustee under the indenture to the holders of such Debentures. 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 2008 revenue of more than $20 billion and has more than 110,000 employees worldwide. More information on Tyco can be found at http://www.tyco.com/. 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. 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. In addition, Tyco faces economic, business, competitive and regulatory risks that affect its businesses, and any of these risks 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 Sept. 26, 2008 and Tyco's other filings with the Securities and Exchange Commission. DATASOURCE: Tyco International Ltd. CONTACT: Media: Paul Fitzhenry, +1-609-720-4261; or Investor Relations: Ed Arditte, +1-609-720-4621, or Antonella Franzen, +1-609-720-4665, all of Tyco International Ltd. Web Site: http://www.tyco.com/

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