Global Crossing to Provide Microsoft Network in Europe.

Business Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--Aug. 6, 2001

Global Crossing Ltd. (NYSE: GX):

- Global Crossing to provide broadband services interconnecting nine of
Microsoft's European hubs.

- Network will support Microsoft's corporate email, Intranet sites and
streaming audio and video.

- Relationship with Microsoft is consistent with Global Crossing's strategy to
service the needs of multinational corporations worldwide.

Global Crossing Ltd. (NYSE: GX) today announced a two-year contract with Microsoft Corp. to provide broadband services interconnecting nine of Microsoft's European hubs, carrying the company's vital day-to-day business communications among its European locations and the company's corporate headquarters in Redmond, WA.

"Communication is central to Microsoft's success," said Mike Edwards, general manager of ITG Network Engineering, Microsoft. "We depend on the ability to share information through email, Intranet sites, and streaming audio and video to keep people in touch and informed no matter where they are. In the office or on the road, our work force requires the ability to tap into the system from far reaches of the world. Global Crossing is a valued partner in providing the services and dependability our employees need to work with our customers and partners, and succeed."

"Our relationship with Microsoft is consistent with our strategy to service the needs of multi-national corporations worldwide," said Peg Lockwood, Global Crossing's senior vice president of multinational corporation sales. "Microsoft, like any global market leader, requires a reliable, secure network deploying the latest technology to communicate with its worldwide offices. In addition to providing direct fiber, our global team is poised to deliver the management, service and support Microsoft requires," continued Lockwood.

Global Crossing will provide a broadband backbone network connecting Amsterdam; Brussels; Dublin; Les Ulis, France; London; Munich; Reading, UK; Stockholm, Zurich and Microsoft's headquarters in Redmond, Washington.

ABOUT GLOBAL CROSSING

Global Crossing Ltd. (NYSE:GX) provides telecommunications solutions over the world's first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas and Europe, and provides services in Asia through its subsidiary, Asia Global Crossing (NYSE:AX). Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.

Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.