LONDON, September 11 /PRNewswire/ --     AboveNet Communications UK Ltd., a leading provider of fibre
optic connectivity solutions for business and carriers and a subsidiary of
AboveNet Inc., today announced the appointment of Trevor Price as vice
president of finance. With more than 15 years experience in the technology &
telecom sectors, Trevor joins AboveNet to manage all UK finance related
functions and will be responsible for its commercial strategy moving forward.

Prior to joining AboveNet, Trevor held the position of finance
director at Eposs Limited, a technology provider for mobile top-up and other
payment processing services, for three years. In this position, Trevor's key
responsibilities included launching a B2C online mobile top-up service and
supporting the European expansion of the business. With additional career
achievements including establishing a European services business at the ERP
solution provider, SSA-Acclaim, and supporting the acquisition and
integration of Loot by the online business directory service, Scoot, Trevor's
expertise and knowledge in commercial and financial management are
undisputed.

Trevor has also held senior financial positions at Thales
Telematics and Virgin Mobile.

With this new appointment, Trevor will take over
responsibility for AboveNet's financial strategy and control, reporting
activities and planning. He will also provide financial leadership to enhance
AboveNet's operational effectiveness and assist in winning business
opportunities by providing further financial visibility to AboveNet's
customers and prospects.

"I am very excited to be joining AboveNet and to be managing
its finance function, especially at such a time as this, where I am already
witness to impressive growth in the business," commented Trevor. "With many
new developments set for the near future, I look forward to building on the
momentum AboveNet has already gained within the industry and to help to drive
forward the company's success."

"I am extremely pleased at the appointment of Trevor Price as
our new vice president of finance," said AboveNet's managing director, John
Donaldson. "With his industry experience and proven skills in financial
control and analysis, Trevor will be a key member of the management team in
the UK as we prepare the business for future development and growth."

Trevor is a member of the Institute of Chartered Accountants in England
and Wales having qualified with Arthur Andersen. Trevor graduated from Exeter
University with an Honours degree in History.

About AboveNet, Inc.

AboveNet, Inc. provides fibre optic connectivity solutions for
business and carriers. Its private optical network delivers key network and
IP services in and among 14 top U.S. metro markets and London. AboveNet's
network is widely used in demanding markets such as financial services,
media, health care and retail.