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Tyco Completes Sale of ADT Automotive for $1 Billion in Cash

9 October 2000

    PEMBROKE, Bermuda - Tyco International Ltd., a diversified manufacturing 
and service company, today announced that it has completed the sale of its 
ADT Automotive business to Manheim Auctions, Inc., a wholly owned subsidiary 
of Cox Enterprises, Inc., for $1 billion in cash.  The sale will generate 
a one-time gain to Tyco of approximately $300 million.

    "This sale continues our strategy of focusing on our four key segments of
Telecommunications and Electronics, Healthcare and Specialty Products, Fire
and Security Services, and Flow Control," said L. Dennis Kozlowski, Tyco's
Chairman and Chief Executive Officer.  "This transaction will immediately
enhance Tyco's already strong cash flow, which we will continue to reinvest in
each of our four businesses to further drive Tyco's growth."

    ADT Automotive is a wholesale automobile auction company with 28 locations
in the U.S.  The company was originally acquired as part of Tyco's acquisition
of ADT Limited in July 1997.

    ABOUT TYCO INTERNATIONAL LTD.
    Tyco International Ltd. is a diversified manufacturing and service company.  
Tyco is the world's largest manufacturer and servicer of electrical and electronic 
components and undersea telecommunications systems; and the world's largest 
manufacturer, installer, and provider of fire protection systems and electronic 
security services.  It has strong leadership positions in disposable medical 
products, plastics, and adhesives; and is the largest manufacturer of flow 
control valves.  The Company operates in more than 80 countries and has 
expected fiscal 2000 revenues $28 billion.