Nasdaq Halts Trading of Iridium World Communications Ltd. and Requests Additional Information from the Company

The Nasdaq Stock Market® announced that trading was halted in Iridium World Communications Ltd. (Nasdaq:IRID) on August 13, 1999, at 2:04 p.m. for "additional information requested" from the company at a last-sale price of 3 1/16. Trading will remain halted until Iridium World Communications Ltd. has fully satisfied Nasdaq's request for additional information. For news and additional information about the company, please contact the company directly, or check under the company's symbol using InfoQuotes SM on the Nasdaq-Amex Web site. For more information about The Nasdaq-Amex Market GroupSM, visit the Nasdaq-Amex Web site at http://www.nasdaq-amex.com or the Nasdaq-Amex NewsroomSM at http://www.nasdaq-amexnews.com.