MADISON, N.J. -- Global Crossing announced three appointments to its board of directors today:

"I am pleased to welcome these prominent members of the business community to our board of directors," said Gary Winnick, chairman of Global Crossing. "We believe that these three new members, along with the current members of our board, will provide the experience and independence to assist Global Crossing in its restructuring process." In separate news, Global Crossing also announced today that Secretary William S. Cohen has stepped down from his board position. "We thank Bill Cohen for his dedicated service to Global Crossing," said Mr. Winnick. Mr. Cohen, who resigned due to personal time constraints, was appointed to the board of directors in April 2001. Global Crossing Ltd.