7-12-2005 15:00

Schiphol-Rijk—Priority Telecom (Euronext Amsterdam: PRIOR) announced today that it will receive an amount of approximately EUR 2 million from a foundation (Stichting) of alternative providers of business telecommunications services.

OPTA, the Dutch Telecommunications regulator, concluded an investigation into discounts given by KPN to certain fixed telephony and leased lines business customers. As a result of this investigation, OPTA has fined KPN and KPN has offered compensation of EUR 18 million to a foundation in which several competitors have joined forces. The parties involved have accepted the offer by KPN. Priority Telecom will, as a result of this, receive an amount of approximately EUR 2 million. This one-off gain will be received and accounted for during the fourth quarter of 2005.

Priority Telecom N.V.Priority Telecom, based in Amsterdam, is a facilities-based business telecommunications provider focusing primarily on its core metropolitan markets in the Netherlands, Austria and Norway. Priority Telecom provides high-speed Internet access, private data networks, customized network services and advanced voice solutions to business customers. Targeted mainly towards medium and large business customers and metropolitan/national telecommunications providers, Priority Telecom capitalizes on its dense metropolitan fiber network, DSL infrastructure and experienced direct local sales force. Priority Telecom, a majority owned subsidiary of Liberty Global Inc., is a publicly traded company on Euronext Amsterdam under the symbol PRIOR News and information are available on www.prioritytelecom.com.