Global Crossing Sponsors NASCAR Race In New York.

Business Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--August 11, 2000

-- "GLOBAL CROSSING @ THE GLEN" Takes Place 8/11-8/13 at Watkins

Glen, NY

-- Over 170,000 NASCAR Fans From Across the Country Expected to Attend, While
More Than 2 Million Expected to Watch the Race on ESPN

-- This Marks the 2nd year of a Three Year Agreement as Title Sponsor of the
Race for Global Crossing

Global Crossing Ltd. (Nasdaq: GBLX), which is building and operating the world's most extensive global IP-based fiber optic network, is the title sponsor of the NASCAR Winston Cup Series event at Watkins Glen International this weekend, August 11 - 13, in Watkins Glen, NY. The event will be broadcast live on ESPN and the Motorsports Radio Network to more than 2 million people nationwide.

"This sponsorship further enhances the Global Crossing brand on a national basis," said Global Crossing Chief Executive Officer Leo Hindery, Jr. "Global Crossing recognizes the explosive growth in NASCAR popularity, and we're proud to be one of the only data communication companies which is a title sponsor of a NASCAR Winston Cup Series event."

NASCAR Winston Cup racing is one of the nation's fastest-growing spectator sports. Attendance at NASCAR events, such as Global Crossing @ the Glen, is outpacing every other sport in the United States and has been on the rise for 19 consecutive years. In the 1990s, the sport has experienced a 97% increase in annual fan attendance, jumping from 3.3 million to 6.5 million. Watkins Glen International will attract over 170,000 people from across the country and Canada for the "Global Crossing @ the Glen" weekend.

"Global Crossing's national position as a dynamic, leading-edge company makes it an especially attractive sponsor for Watkins Glen," said Watkins Glen President, Bryan R. Sperber. "Global Crossing's status as a premier sponsor at Watkins Glen underscores the motorsports fan as a communications savvy demographic and will certainly bring attention to the growing fan base that NASCAR has attracted."

Global Crossing

Global Crossing Ltd. (Nasdaq: GBLX) is building and offering services over the world's most extensive global IP-based fiber optic network, which will have more than 101,000 route miles, serving five continents, 27 countries and more than 200 major cities. Global Crossing's subsidiary, GlobalCenter Inc., is a leading Internet service company, and its customers own many of the largest and most densely trafficked sites on the Web. Global Crossing's operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Amsterdam, The Netherlands; Morristown, New Jersey; Rochester, New York; Sunnyvale, California; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com on the Web.