Global Crossing Names Execs

FLORHAM PARK, N.J. and LONDON -- Global Crossing (NASDAQ: GLBC) today announced the appointment of a new financial leadership team with distinguished backgrounds in finance and telecommunications, as the company enters a new phase in 2005. Effective immediately, Jean Mandeville becomes the company's executive vice president and chief financial officer. William I. Lees, Jr. will take up the post of senior vice president, accounting and financial operations, and William T. Ginn will be named vice president of finance for Global Crossing UK Telecommunications Ltd. (GCUK).

"The collective experience and expertise of this new team will ably guide Global Crossing to attain our financial goals and our mission of becoming an industry leader in global IP services," said John Legere, Global Crossing's chief executive officer. "Our steady execution against those goals in this new phase of our evolution -- aided by these talented individuals -- will demonstrate once again that what this company envisions, it also achieves."

Jean Mandeville was previously chief financial officer of Singapore Technologies Telemedia (ST Telemedia), Global Crossing's majority shareholder. His career has included positions in telecommunications, education and research, transport and maritime, including more than 15 years in finance and telecommunications alone.

"Jean will play a pivotal role as we forge a leadership position in the fast-changing telecom industry," continued Legere. "With Jean leading our first-rate team of financial professionals, Global Crossing will continue to supply world-class customer solutions, enabled by an unmatched technology, security and support model."

Prior to joining ST Telemedia, Mr. Mandeville's professional achievements included several senior roles in telecommunications and finance. Mr. Mandeville served in various capacities at British Telecom (BT) and was appointed president of BT Asia Pacific in 2000. As head of business planning for BT Europe, he oversaw the development of BT's entry strategy for European telecommunications markets. Prior to joining BT, Mr. Mandeville was a senior consultant with Coopers & Lybrand, Belgium, among other positions.

Mr. Mandeville received a license in applied economics and special degree in sea law from the University Saint-Ignatius Antwerp. He also attended the Stanford Senior Executive Program in 1996 and has accumulated numerous post-graduate achievements in general management, mergers and acquisitions, strategic alliances, strategy, financial and marketing management and economics.

William Lees, who will be Global Crossing's newly appointed senior vice president for accounting and financial operations, will be the company's chief accounting officer reporting to Mr. Mandeville. He has more than 20 years' experience in multinational planning and operations, most recently serving as senior vice president and corporate controller of Mediacom Communications. His background includes senior positions at the manufacturing companies Formica Corporation and Imperial Schrade, as well as thirteen years at Ernst & Young. Mr. Lees received B.S. degrees in accounting and economics from Boston College, and he participated in the University of Michigan's executive training program. He is a member of the American Institute of Certified Public Accountants.

Global Crossing is reinforcing the leadership strength of its UK business by naming William Ginn the vice president of finance. As the senior financial officer for GCUK, Ginn will report to Mr. Mandeville and will work closely with Phil Metcalf, managing director, as they focus on growing one of the company's most important and successful endeavors, its managed services business.

Mr. Ginn was most recently the chief financial officer of Cable and Wireless America, where as a member of the firm's leadership team, he implemented a restructuring plan resulting in significant performance improvements. His previous responsibilities included serving as the vice president of finance for Cable and Wireless Global, as well several senior positions within Cable and Wireless UK. Mr. Ginn received B.A. and M.A. degrees from Cambridge University, as well as a PhD. from the University of Kent. He is a member of the Chartered Institute of Management Accountants.

Daniel P. O'Brien, Global Crossing's former CFO, will remain with the company during the time required to complete a smooth transition, and the company expressed its gratitude for his many contributions over this formative period in its history.

Global Crossing Holdings Ltd.