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FairPoint Communications Stock Begins Trading on Nasdaq

CHARLOTTE, N.C. Jan. 25, 2011 FRP

Paul H. Sunu

January 24, 2011 $1.0 billion

FairPoint will continue to use Bank of New York Mellon as the transfer agent for its common stock.  Questions for the transfer agent should be directed to Bank of New York Mellon Shareowner Services at 1-877-295-8608.

About FairPoint

www.fairpoint.com

This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in reports FairPoint files with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.

SOURCE FairPoint Communications, Inc.

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