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<p align=justify>Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------<p>Infonet Chairman States Strategic Alternative Process Will Not Result in Sale
of Shares to Potential Partner<p>Begins Registration Process of KPN Shares<p>El Segundo, CA - August 21, 2001 - Jose A. Collazo, Chairman, President and CEO
of Infonet Services Corporation said today that no shares will be sold in
connection with the process launched by Infonet to maximize value for all of
its shareholders by exploring strategic relationships. Referring to the
Company`s previously-announced "strategic alternative" process, Mr. Collazo
said, "We did not receive proposals that were worthwhile pursuing and we are
terminating the process."<p>"Infonet is a growing, profitable, fully-funded company in the value-added
network services space," he explained. "With our cash position and our pristine
balance sheet, we don`t share the financial problems of others in the telecom
sector. Nevertheless, our stock price has suffered with the group. Market
conditions currently disallow the kind of transaction that would enhance
shareholder value and attract the type of strategic partner we originally
sought."<p>Mr. Collazo also announced that KPN Telecom BV has formally requested that
Infonet register its 54,386,078 shares of Class `B` common stock for public
sale. Infonet is preparing the appropriate regulatory filings. "Following
registration, KPN has discretion in the timing of any future sales of their
Class `B` shares into the public market," he said. "KPN continues to be a
valued partner and we will support their efforts in this process."<p>"Our company is strong and sales continue to pace well," Mr. Collazo
continued. "I`m confident that despite disappointing global economic
conditions, Infonet will continue to add a healthy number of multinationals to
its client roster."<p>
Infonet Services Corporation
Morgan Molthrop +1-310-335-2606
morgan_molthrop@infonet.com
Or
Amanda Bassett +44-7860-249-997
amanda_bassett@infonet.com<p>end of ad hoc announcement (c) DGAP 22.08.2001<p>Issuer`s information/explanatory remarks concerning this ad hoc announcement:<p>About Infonet<p>Infonet Services Corporation is an innovative leader in providing value-added
global communications services to multinational entities. Powering the
enterprise-wide communications initiatives of more than 2,600 multinationals,
Infonet provides a comprehensive portfolio of network-based solutions including
Broadband, Internet, Intranet, MultiMedia, Remote Access, Local Access and
Application Services (Call Center, Collaboration, Messaging and Hosting).
Infonet is a pioneer in providing multinationals with The Intelligent Edge in
Global CommunicationsTM -- a unique service based on its patent pending tools
that models and optimizes the complex relationship between applications and the
global network.
Winner of the World Communication Awards 2000 for "Best Customer Care"
and "Best Carrier," Infonet owns and operates The World Network , accessible
from more than 180 countries, and provides local service support in nearly 70
countries and territories.
Founded in 1970, Infonet`s stock is traded on the New York and Frankfurt Stock
Exchanges under the symbol IN. Additional information about the company is
available at http://www.infonet.com.<p>Safe Harbor Statement:
Infonet has made forward-looking statements in this release. These projections
are based on information available to the company as of the date of this
release and Infonet undertakes no duty to update the information to take
account of later events. Risk factors investors should take into account that
might affect results include: strength of the market for Infonet products and
services, competition, the timely transitioning of new business opportunities
to Infonet`s network and the effect of currency fluctuation. Investors should
refer to risk factors elaborated on in Infonet`s 10K, 10-Qs and other recent
filings made with the U.S. Securities and Exchange Commission. These documents
are available through the investor relations portion of Infonet`s web site at
http://www.infonet.com.
--------------------------------------------------------------------------------
WKN: 931039; Index:
Listed: Amtlicher Handel in Frankfurt, Freiverkehr in Berlin, Hamburg, München
und Stuttgart<p>
220852 Aug 01<p><br><br>Autor: DGAP import (),08:55 22.08.2001</p>
 
aus der Diskussion: DGAP-Ad hoc: Infonet Services Corp. <US45666T1060> english =
Autor (Datum des Eintrages): ad_hoc  (22.08.01 08:55:09)
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