CABLE & WIRELESS STATEMENT As part of the review of our current peering arrangements, last Saturday (June 2nd), Cable & Wireless disconnected PSINet's peering connections as they no longer meet our publicly stated peering requirements (www.cw.com/us/peering). Over the last few days, discussions have continued between Cable & Wireless and PSINet to find a resolution to this issue for the benefit of all parties. On June 5 PSINet agreed, through a letter of intent, to meet Cable & Wireless' peering policy. PSINet has come forward with new information that may demonstrate PSINet meets Cable & Wireless' peering policy. As an expression of good faith, Cable & Wireless has reestablished the peering connections with PSINet for a period of 60 days while the parties consider PSINet's new information and, if applicable, negotiate in good faith a new peering agreement. Peter Jansen Cable & Wireless