May 18, 2001

Los Angeles — UCLA Anderson announced today that Gary Winnick, founder and chairman of Global Crossing Ltd., has been selected as this year's keynote speaker for commencement on Friday, June 15, 2001.
An international financier and philanthropist, Mr. Winnick's global investment career spans nearly three decades.

"We are extremely proud to have someone of Mr. Winnick's caliber join us for the 2001 commencement ceremony, " said Bruce Willison, dean of UCLA Anderson. "As a remarkable pioneer in the field of telecommunications and a leader in today's globally interdependent business environment, Mr. Winnick serves as an exceptional example to our students and faculty who face the significant challenges and changes wrought by new technologies."

Global Crossing Ltd. (NYSE: GX) provides telecommunications solutions over the world's first integrated global IP-based network, which will have approximately 100,000 route miles, reaching 27 countries and more than 200 major cities. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services.

Global Crossing operates throughout the Americas, Europe and the Asia/Pacific region and provides services in Asia through its subsidiary, Asia Global Crossing (Nasdaq: AGCX). Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises.

Mr. Winnick is also the Founder, Chairman and Chief Executive Officer of Pacific Capital Group, a merchant bank that is a principal investor in such fields as telecommunications, media, real estate, financial services, health care and biotechnology.

He is a member of numerous national and international philanthropic boards, including the Museum of Modern Art (MoMA), the Simon Wiesenthal Center, Special Olympics, and Hillel International.

Mr. Winnick and his wife Karen are patrons of universities, libraries, hospitals, the arts, worldwide literacy and humanitarian projects. Recently, Mr. Winnick received the Simon Wiesenthal Center's prestigious Humanitarian Laureate Award. Mr. Winnick and his family have also contributed the lead gift to create the Winnick Institute/Jerusalem, a new global center for world peace and tolerance.

A native of Roslyn, New York, Mr. Winnick is a graduate of C.W. Post College.

The 2001 UCLA Anderson Commencement Ceremony will be held on Friday, June 15 at 6 p.m. in the Wilson Plaza. A reception will immediately follow at 8 p.m. in the Alumni Plaza at UCLA Anderson.

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