NEW YORK -- Notice is hereby given that a class action lawsuit was filed on February 13, 2002, in the United States District Court for the Southern District of New York on behalf of all acquirors of Global Crossing Ltd. (``Global Crossing'') (NYSE:GX - news; OTC BB:GBLXQ - news) common stock pursuant to the merger which closed on September 28, 1999 between Global Crossing, Frontier Corporation, and a wholly-owned subsidiary of Global Crossing, and all purchasers of the common stock of Global Crossing between March 17, 1999 and January 28, 2002, inclusive, and were damaged thereby. The complaint asserts claims against certain of Global Crossing's officers and directors and Arthur Anderson LLP for violations of Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934, and Rules 10b-5 and 14a-9 promulgated thereunder by the Securities and Exchange Commission, by failing to disclose material adverse information and misrepresenting the truth about the Company, thereby causing plaintiff and other members of the Class to purchase or acquire Global Crossing common stock at artificially inflated prices. If you acquired the common stock of Global Crossing pursuant to the merger which closed on September 28, 1999 between Global Crossing, Frontier Corporation, and a wholly-owned subsidiary of Global Crossing, or purchased the common stock of Global Crossing between March 17, 1999 and January 28, 2002, inclusive, and were damaged thereby, you may, no later than April 14, 2002, request the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at [email protected], or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.