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Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------

Infonet Chairman States Strategic Alternative Process Will Not Result in Sale of Shares to Potential Partner

Begins Registration Process of KPN Shares

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."

"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."

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."

"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."

Infonet Services Corporation Morgan Molthrop +1-310-335-2606 morgan_molthrop@infonet.com Or Amanda Bassett +44-7860-249-997 amanda_bassett@infonet.com

end of ad hoc announcement (c) DGAP 22.08.2001

Issuer`s information/explanatory remarks concerning this ad hoc announcement:

About Infonet

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.

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

220852 Aug 01



Autor: DGAP import (),08:55 22.08.2001



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