the approval of the listing of up to 572,213,043 Common Shares of Bermuda registered company, TyCom Ltd.(TCM).

The offering comprises 520,300,000 issued common shares and a further 51,913,043 common shares that can be issued on exercise of existing share options.

TyCom common shares achieved a primary listing on the New York Stock Exchange following the Company's initial public offering on the 27th July, 2000.

TyCom's listing on the BSX is a secondary one which took effect on August 1, 2000.

"This listing strengthens TyCom's existing links to Bermuda,'' said James McKirdy, Listing Manager of the BSX.

"The Exchange continues to work to attract secondary listings of international companies with a major presence in Bermuda.'' Neil Garvey, president and CEO of TyCom, said there was an advantage to his company by listing in Bermuda.

"In addition to our New York Stock Exchange listing, this makes it possible for international investors to take advantage of the continued success of TyCom.

"As the only owner-supplier in the undersea fibre optic industry, our company is committed to creating value for all shareholders by leveraging our resources to capitalise on the growth opportunities in the bandwidth market,'' he added.

TyCom Ltd. is one of the world's largest providers of advanced broadband communications capacity, systems and services. The Company is a leading fully integrated supplier of undersea fibre optic systems, and is recognised as a world leader in technology development and application.

To meet growing demand, TyCom is deploying and selling capacity on the TyCom Global Network (TGN).

Its comprehensive resources include advanced manufacturing facilities for cable, optical amplifier and transmission equipment, and it operates one of the world's largest fleet of cable ships.

TyCom is subsidiary of Tyco International Ltd, which owns approximately 86 percent of TyCom's common shares.