Global Crossing Ltd. to Join Nasdaq-100 Index Beginning September 9, 1999

Global Crossing Ltd. (Nasdaq:GBLX), of Hamilton, Bermuda, will become a component of the Nasdaq-100 Index® (NDX), effective at the beginning of trading Thursday, September 9, 1999. Global Crossing will be the third non-U.S. company to be included in the Nasdaq-100®, joining LM Ericcson Telephone Company (Nasdaq:ERICY) and Reuters Group PLC (Nasdaq: RTRSY). Shares of Global Crossing will also be included in the Nasdaq-100 Index SharesSM (Amex:QQQ), the Nasdaq-100 Index Tracking StockSM, which are securities that represent ownership in the Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that compose the Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance. Global Crossing will replace Food Lion, Inc., which is delisting from The Nasdaq Stock Market®. With a market capitalization of $11.1 billion, Global Crossing is building and operating an advanced global IP-based datacentric network, an end-to-end fiber optic platform for data, voice, video and Internet transmissions. The Global Crossing network will span five continents and address 80 percent of the world's international traffic. The Nasdaq-100 Index, launched in January 1985, has risen over 23 percent in the first seven months of 1999, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of Nasdaq-100 Shares. The Nasdaq-Amex Market GroupSM, which operates The Nasdaq Stock Market and the American Stock Exchange® (Amex®), is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about The Nasdaq-Amex Market Group, visit its Web site at www.nasdaq-amex.com or the Nasdaq-Amex NewsroomSM at www.nasdaq-amexnews.com.