EQUANT Files Registration Statement with U.S. Securities and Exchange Commission.

ATLANTA--(BUSINESS WIRE)--July 1, 1998--EQUANT (formerly Sita Telecommunications Holdings N.V. or STH), the operator of the world's largest data network and a leading provider of seamless international data network services to multinational businesses, today announced that it has filed a Registration statement with the U.S. Securities and Exchange Commission regarding the concurrent combined public offering of 10.4 million Common Shares in the U.S. and Canada (the "North American Offering") and 15.7 million Common Shares outside the U.S. and Canada (the "International Offering"). It is currently anticipated that the initial public offering price for the Common Shares will be between $18.50 and $23.00 per Common Share. It is anticipated that approximately 198 million Common Shares will be outstanding immediately after the offerings.

Application has been made for the Common Shares to be listed on the New York Stock Exchange and on the Paris Stock Exchange.

EQUANT is a leading provider of seamless international data network services to multinational businesses. The Company is a single source for global desktop communications, providing managed data network services, network design and integration, equipment installation, maintenance and support services and software development services.

EQUANT operates the world's largest commercial data network in terms of geographic coverage, jointly with Societe Internationale de Telecommunication Aeronautiques, S.C. ("SITA"). SITA is a Belgian co-operative company formed by major airline companies from throughout the world to serve their communications needs.

EQUANT's principal offices are located in Atlanta (USA) and Amsterdam (The Netherlands) Morgan Stanley Dean Witter and Salomon Smith Barney have been appointed Joint Global Coordinators for the Offering. Morgan Stanley Dean Witter has been appointed sole Bookrunner for the Offering.

Following completion of the Global Offering, Stichting "The SITA Foundation" will own approximately 60.7% of the issued common shares of EQUANT. A group of institutional investors led by Morgan Stanley Capital Partners will own approximately 26.0% of EQUANT's issued common share capital.

The expected timetable for the Offerings is set out below:

International bookbuilding period commences Monday, July 6

Pricing expected On or about Monday, July 20

Trading expected to commence On or about Tuesday, July 21

A Registration Statement relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet been declared effective. The securities covered by such Registration Statement may not be sold nor may offers to buy be accepted prior to the time the Registration Statement has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

A copy of the preliminary prospectus may be obtained from Morgan Stanley Dean Witter & Co. Incorporated, 1585 Broadway, New York, NY 10036, Tel: [phone] or Salomon Smith Barney, 7 World Trade Center, New York, NY 10048, Tel: [phone].

   CONTACT:  EQUANT
              Scott McClintock
              Tel:  [phone]
                  or
              Morgan Stanley Dean Witter
              William Atkins
              Tel:  [phone]
              John Hyman
              Tel:  [phone]
                  or
              Dewe Rogerson
              Felicia Vonella
              Tel:  [phone]
              Cindy Lyman
              Tel:  [phone]