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David Pasquale
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Arbinet Appoints Roger H. Moore to Its Board

New Brunswick, NJ, August 3, 2005 – Arbinet-thexchange, Inc. (Nasdaq: ARBX), the world’s leading electronic market for trading, routing, and settling communications capacity, today announced the appointment to its Board of Directors and Audit Committee of telecommunications veteran Roger H. Moore. Mr. Moore replaces Mathew Lori of private equity investor JPMorgan Partners who resigned, effective August 1, 2005.

Curt Hockemeier, President and Chief Executive Officer of Arbinet, commented, "We welcome Roger as a new member of our Board given his extensive qualifications and experience. Roger brings over 35 years of information systems and telecommunications experience, along with a deep knowledge of operations issues. He is well respected throughout the industry and will be a significant asset to Arbinet."

Roger H. Moore is the retired Chief Executive Officer of Illuminet Holdings, Inc., a leading provider of intelligent network and signaling services. Mr. Moore served as President and Chief Executive Officer of Illuminet Holdings from 1995 to 2001, when it was acquired by VeriSign, Inc., the leading provider of intelligent infrastructure services for the Internet and telecommunications networks. Prior to Illuminet, Mr. Moore spent 10 years with Nortel Networks from 1985 to 1995 in a variety of senior management positions including President of Nortel Japan. Mr. Moore also worked for 5 years with AT&T, where he was President of AT&T Canada from 1982 to 1985. Mr. Moore currently is a director of Consolidated Communications, Inc., Tut Systems Inc., VeriSign, Inc., and Western Digital Corporation. Mr. Moore holds a B.S. degree in General Science from Virginia Polytechnic Institute and State University.

About Arbinet

Arbinet is the leading electronic market for trading, routing and settling communications capacity. Members of the exchange, consisting primarily of communications service providers, buy and sell voice calls and Internet capacity based on route quality and price through its centralized, efficient and liquid marketplace. Members place orders through a web-based interface. Its fully automated, highly scalable trading platform matches these orders using proprietary software and delivers them through state-of-the-art facilities.

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