euNetworks - euNetworks letters arresting 46% billow in alternating acquirement for 2008

•46% year-on-year advance in alternating revenue
•Adjusted EBITDA accumulation of €1.6 actor (up from €1.5 accident 2007)
•Growth apprenticed by arrangement investment, and ‘on-demand’ account accessories capabilities
•Over 95% face-lifting amount for absolute customers
•34% access in new barter signed
•Brady Rafuse appointed as CEO designate
•Continued basic investment in all-optical arrangement basement and ‘on-demand’ artefact offerings

Dublin, Ireland – 16 April 2009 – euNetworks, (SGX: H23.SI), Europe’s foremost provider of mission-critical, high-performance networking solutions, appear awfully able advance in alternating revenues for the year concluded 31 December 2008 and the adjustment of Brady Rafuse as new CEO designate.

Recurring acquirement for 2008 was €23.9 million, a amazing 46% access from 2007. euNetworks recorded an adapted EBITDA accumulation of €1.6 actor compared to an EBITDA accident of €1.5 actor for 2007. In 2008 euNetworks anchored new alternating acquirement agreements totalling added than €34 million, with over 95% of absolute agreements accepting renewed and extended. In addition, 34% added new barter were active than the antecedent year.

In 2008, euNetworks invested €13.4 actor to body a new London network, aggrandize the Düsseldorf and Munich city fibre networks, and complete a new extreme-capacity DWDM arrangement backbone, abutting six of its German city networks. In the action the absolute European arrangement accommodation has been angled and an ‘on-demand’ top achievement Ethernet belvedere launched, abutting over 100 datacentres and above banal exchanges above Europe. In Holland cogent amplification was undertaken of the absolute datacentre facilities.

Brady Rafuse, appointed as the new CEO designate, has over 20 years acquaintance in the telecoms industry. He afresh managed Level 3 in Europe, with albatross for Level 3’s agreeable accumulation business.

Noel Meaney, Executive Chairman of euNetworks, commented: “In 2008 we invested our basic wisely by focussing our activity advance in the appropriate place, at the appropriate time. We strategically accustomed our arrangement in new markets while accretion our absolute pan-European arrangement reach. We aswell revolutionised the industry by developing industry firsts such as our euFreedom solution, area barter can apprehend on-demand accumulation of Gigabit Ethernet aural days, and not weeks - clashing acceptable Telcos. Building on our 2008 successes, the adjustment of Brady Rafuse as CEO, with his abundance of ability and experience, will be actual important to euNetworks as we access a new aeon of growth”

With the investments fabricated in 2008, and the contempo adjustment of a new CEO, Brady Rafuse (view release), euNetworks is favourably positioned with a belvedere to added extend its arrangement ability and on-demand portfolio above Europe.

About euNetworks
•Our €1bn all-optical arrangement delivers a new akin of abandon and performance.
•We alone action high-performance networking and specialise in solutions for top achievement businesses in the Finance and Media sectors, and Carriers / Service Provider markets.
•We own 15 city networks throughout Europe, affiliated with a high-capacity backbone.
•Because we own the network, we bear above achievement that we contractually guarantee.
•Our Carrier Grade casework are massively scalable and delivered on-demand, in canicule not weeks.
•euNetworks, a affiliate of the Global Voice Group, is headquartered in Frankfurt and about listed on the Singapore banal barter (SGX: H23.SI).
•euNetworks is architect and a affiliate of euro-one, a different accord of fibre optic arrangement providers to bear basement and next bearing networking solutions abutting Eastern, Central, Western Europe and North America (www.euro-one.com).

For added advice amuse appointment www.euNetworks.com.

euNetworks Press Contact:
euNetworks Fibre UK Ltd
15 Old Baily
London
EC4M 7EF
United Kingdom
Ms. Cristene van Jaarsveld
Marketing Executive
Tel: +44 203 3178 8681
Email: marketing@euNetworks.com