( BW)(COVIDIEN)(COV)(COV.BU) Covidien Declares Quarterly Cash Dividend

    Business Editors/Healthcare Writers

    HAMILTON, Bermuda--(BUSINESS WIRE)--July 16, 2008--Covidien Ltd.
(NYSE: COV; BSX: COV) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.16 per common share. The
dividend is payable on August 11, 2008, to shareholders of record on
July 28, 2008.

    ABOUT COVIDIEN LTD.

    Covidien is a leading global healthcare products company that
creates innovative medical solutions for better patient outcomes and
delivers value through clinical leadership and excellence. Covidien
manufactures, distributes and services a diverse range of
industry-leading product lines in four segments: Medical Devices,
Imaging Solutions, Pharmaceutical Products and Medical Supplies. With
2007 revenue of nearly $9 billion, Covidien has more than 42,000
employees worldwide in 57 countries, and its products are sold in over
130 countries. Please visit www.covidien.com to learn more about our
business.

    --30--SP/bo*

    CONTACT: Covidien Ltd.
             Eric Kraus, 508-261-8305
             Senior Vice President
             Corporate Communications
             eric.kraus@covidien.com
             or
             Coleman Lannum, CFA, 508-452-4343
             Vice President
             Investor Relations
             cole.lannum@covidien.com
             or
             Bruce Farmer, 508-452-4372
             Vice President
             Public Relations
             bruce.farmer@covidien.com
             or
             Wayde McMillan, 508-452-4387
             Director
             Investor Relations
             wayde.mcmillan@covidien.com



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