PEMBROKE, Bermuda -- Tyco International Ltd. (NYSE - TYC, BSX - TYC, LSE - TYI) today reported on the results of the Company's Annual General Meeting of shareholders at which a new ten-member Board was elected and a number of shareholder proposals were voted upon. Chairman and CEO Ed Breen said, "I am extremely pleased with the quality of Tyco's newly constituted Board. This Board is composed of world-class business leaders who are strategic thinkers and people of integrity. They represent the brighter future that lies ahead for Tyco -- a future built on integrity, credibility and a commitment to delivering shareholder value." Mr. Breen continued, "Among the priority issues that will be reviewed by the Board over the next year is the question of whether Tyco should be reincorporated in the U.S. I am gratified that the majority of Tyco shareholders voted with management's recommendations that the new Board be given the time and responsibility to study this question seriously. The Board is committed to looking closely at Tyco's jurisdiction of incorporation, and we will make a decision based on what is best for overall shareholder value." Mr. Breen added: "We understand the concerns behind the vote in support of the shareholder proposal to limit severance agreements, and we agree with the spirit of the proposal. In the year ahead, the new Board will carefully consider implementing a new severance policy as part of its review of Tyco's governance program." Board of Directors Tyco's ten-member Board includes Mr. Breen, five existing directors who were named to the Board since Mr. Breen's appointment last July, and four new members who previously had not served on the Board. The four new members are:

In addition to Mr. Breen, the other Board members are:

Tyco International Ltd.