SIXTEEN BERTHS OPEN FOR UNSEEDED SKIPPERS IN ADT GOLD CUP QUALIFYING ROUND Swedish Match Tour Event Gives Up-and-Comers a Shot at the Big Time

HAMILTON HARBOUR, BERMUDA (July 12, 2002) – The Royal Bermuda Yacht Club
(RBYC) invites amateur and professional skippers to apply for 13 of the 16 unseeded skippers’ berths in the 2002 ADT Gold Cup, to be raced in Bermuda October 12-20. The winners of the Bacardi and York Cups will fill the three remaining berths. A three-day round robin qualifier round is planned aboard International One Design class sloops, with the top six skippers advancing to Round One of the ADT Gold Cup. The ADT Women’s Match Racing Championship – to be held concurrent with the unseeded skippers’ qualifier round – will also qualify two skippers for the ADT Gold Cup, the fourth event on Swedish Match Tour 2002/3. The winner of the ADT Gold Cup will receive the King Edward VII Trophy and a share of the $65,000 prize purse. For an application, go to the event’s official website www.adtgoldcup.com. Entry deadline is August 1. The confirmed list of seeded skippers will be announced later this summer.

“With its 32-skipper format and qualifying events, the ADT Gold Cup is one of the few regattas in the world to offer amateur skippers and up-and-comers a chance to match race against the professionals,” said RBYC Commodore Les Crane. “While we will miss Russell Coutts and some of the other America’s Cup skippers this year, there are a number of highly-qualified skippers that we’ve already heard from and we expect strong competition for one of the largest purses in match racing.”

The 2001 Gold Cup drew an outstanding field of international skippers to the unseeded draw: Gavin Brady (Italy), Mark Campbell-James (U.K.), Christopher Carroll (Australia), Marten Hedlund (Sweden), Morten Henriksen (Germany), Andy Horton (U.S.), Thomas Kozyn (U.S. Virgin Islands), Chris Law (U.K.), Lars Nordbjerg (Denmark), Ken Read (U.S.), James Spithill (Australia) and Markus Weiser (Germany).

Past winners of the Gold Cup now preparing for the America’s Cup 2003 include Russell Coutts (six-time winner), Chris Dickson (two-time winner), Rod Davis, Peter Gilmour (two-time winner), Andy Green, Peter Isler and defending champion Peter Holmberg.

ADT is the title sponsor of the ADT Gold Cup. The event is hosted by the Bermuda Department of Tourism. Renaissance Reinsurance, based in Bermuda, is the Presenting Sponsor. Primary Sponsors include Bacardi, Continental Airlines and Investors Guaranty Fund. Supporting sponsors include Coral Beach and Tennis Club, Horizons and Cottages and Waterloo House.

The ADT Gold Cup is an Octagon-managed event. The website for the regatta is www.adtgoldcup.com.

About ADT

Celebrating its 127th anniversary, ADT Security Services, Inc., a unit of Tyco Fire & Security, is the largest single provider of electronic security services to five million commercial, federal and residential customers throughout North America and Europe. ADT’s total security solutions include intrusion, fire protection, closed circuit television, access control, critical condition monitoring and integrated systems. ADT’s web site address is www.adt.com.

Tyco Fire & Security, one of the major businesses of Tyco International Ltd., designs, manufactures, installs and services electronic security systems, fire protection, detection and suppression systems, sprinklers and fire extinguishers. Tyco Fire and Security Services includes more than 60 brands, which are represented in over 100 countries. Its products are used to safeguard firefighters, prevent and fight fires, deter thieves and protect people and property.

Tyco International Ltd. (NYSE:TYC; LSE:TYI; BSX:TYC) 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 of specialty valves. Tyco also holds strong leadership positions in disposable medical products, financing and leasing capital, plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2001 sales of approximately $36 billion.