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Arbinet Announces Stockholder Approval of Merger With Primus

HERNDON, Va. Feb. 25, 2011

November 10, 2010 February 28, 2011

January 12, 2011

About Arbinet

the United States United Kingdom Hong Kong Frankfurt Miami Herndon, Virginia

Important Information and Where to Find It

January 19 www.sec.gov

Participants in the Solicitation

December 31, 2009 April 5, 2010 April 28, 2010 June 14, 2010 December 31, 2009 March 17, 2010 April 30, 2010

Forward-Looking Statements

This press release includes "forward-looking statements" as defined by the SEC.  All statements, other than statements of historical fact, included herein that address activities, events or developments that Arbinet or Primus expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed merger, are forward-looking statements.  These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially.  Risks and uncertainties that could affect forward-looking statements include, but are not limited to, the following: the risk that the merger may not be consummated for reasons including that the conditions precedent to the completion of merger may not be satisfied; the possibility that the expected synergies from the proposed merger will not be realized, or will not be realized within the anticipated time period; the risk that Primus’s and Arbinet’s businesses will not be integrated successfully; the possibility of disruption from the merger making it more difficult to maintain business and operational relationships; any actions taken by either of the companies, including, but not limited to, restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions); the ability to service substantial indebtedness; the risk factors or uncertainties described from time to time in Arbinet’s filings with the SEC; and the risk factors or uncertainties described from time to time in Primus’s filings with the SEC.  Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates.  Except as required by law, neither Arbinet nor Primus intends to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Arbinet Corporation

Gary Brandt, Chief Financial Officer

(703) 456-4140

[email protected]

Joele Frank, Wilkinson Brimmer Katcher

Andrea Rose / Jed Repko

(212) 355-4449

[email protected]

[email protected]

SOURCE Arbinet Corporation

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