Tyco Electronics to Withdraw Private Placement Offering of Notes due to Unfavorable Conditions in Debt Markets

PEMBROKE, Bermuda, July 26 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. (NYSE: TEL) (BSX: TEL) announced today that the company will not proceed with its proposed private placement offering of notes at this time due to unfavorable conditions in the debt markets.

ABOUT TYCO ELECTRONICS

Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions and wireless systems, with 2006 sales of US$12.8 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliances and aerospace and defense to telecommunications, computers and consumer electronics. With over 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.

SOURCE: Tyco Electronics Ltd.

CONTACT: Media Relations, Sheri Woodruff, +1-610-893-9555, or cell,
+1-609-933-9243, swoodruff@tycoelectronics.com, or Investor Relations, John
Roselli, +1-610-893-9559, john.roselli@tycoelectronics.com, or Keith Kolstrom,
+1-610-893-9551, keith.kolstrom@tycoelectronics.com, all of Tyco Electronics
Ltd.

Web site: http://www.tycoelectronics.com/