<p align=justify> DGAP-Ad hoc: Carrier1 S.A. <CJN> english<p>Carrier1 Withdraws Application for Gestion Contrôlée<p>Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement.<p>--------------------------------------------------------------------------------<p>Carrier1 Withdraws Application for Gestion Contrôlée, Petitions Court for Bankruptcy Luxembourg, 22-February-2002 Carrier1 International S.A. (the "Company"
(Neuer Markt: CJN, NASDAQ: CONEQ) announced today that it has withdrawn its application to the Luxembourg court requesting admission to a gestion contrôlée (controlled management) proceeding and has petitioned for bankruptcy with the Luxembourg court. The Company expects the court to appoint a receiver shortly and the liquidation of the Company to follow in due course. Enquiries . Alex Schmid, Carrier1 International SA, Tel. +44 20 7001 6362, alex.schmid@carrier1.com<p> end of ad-hoc-announcement (c)DGAP 22.02.2002<p>--------------------------------------------------------------------------------<p>WKN: 932 485; ISIN: LU0107939984; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart <br><br>Autor: DGAP import (),14:35 22.02.2002</p>