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Arbinet-thexchange Names J. Curt Hockemeier President and Chief Operating Officers

NEW YORK – April 27, 2000 – Arbinet-thexchange, the leading online telecommunications exchange, announced today that J. Curt Hockemeier, who previously headed AT&T;’ s cable telephony operations, has been named president and chief operating officer.

“We are delighted to have attracted an individual with Curt’ s experience to round out Arbinet’ s leadership team,” stated Anthony Craig, Arbinet’ s chairman and CEO. “His perspectives will be extremely important in helping Arbinet to grow in the months and years to come.”

Prior to joining Arbinet, Mr. Hockemeier was executive vice president and chief operating officer, Telephony Operations, AT&T; Broadband (NYSE: T). In this position, he was responsible for managing wireline telephony operations for AT&T; Broadband, including network operations, capacity and fulfillment issues and the company’ s broadband telephony initiatives.

Commenting on his new position, Mr. Hockemeier remarked, “I was attracted by Arbinet-thexchange’s business model, which, in a competitive market characterized by declining telecommunications prices, is designed to help telecommunications service providers enhance network utilization and to increase efficiencies in the process of buying, selling and delivering network capacity. My new position gives me an opportunity to be an entrepreneur again and have an impact on a dynamic, young company.”

About Arbinet-thexchange

Arbinet has created an on-line trading exchange through which the telecommunications industry can buy, sell and physically deliver network capacity on demand. This is expressed in minutes of available calling time for international and domestic long-distance voice and fax calls. Arbinet-thexchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. Automated delivery is accomplished through Arbinet’ s multi-port switch by using advanced trading software and a set of patented processes to link the web-based trading platform with a carrier-grade telecommunications switch. Arbinet handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and on-line rating of the service quality of each seller’s network.

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phone: 732-509-9100, fax: 732-509-9101, website:

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