Lead Counsel for the Class has announced, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing in the class action entitled Fogarazzo, et al. v. Lehman Brothers, Inc., et al., No. 03 Civ.5194 (SAS) will be held on January 31, 2011, at 4:30 p.m., before The Honorable Shira A. Scheindlin, at the Daniel Patrick Moynihan U.S. Courthouse, 500 Pearl Street, Courtroom 15C, New York, New York 10007, for the purpose of determining (1) whether the proposed Settlement of the claims against the Settling Defendants in the Action for the sum of $6,750,000 in cash should be approved by the Court as fair, reasonable, and adequate to Members of the Class; (2) whether, thereafter, this Action should be dismissed with prejudice as regards the Settling Defendants pursuant to the terms and conditions set forth in the Settlement Agreement dated as of August 23, 2010; (3) whether the proposed plan to distribute the Settlement proceeds (the "Plan of Allocation") is fair, reasonable, and adequate, and therefore should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with the Settlement involving the Settling Defendants, and reimbursement of Lead Plaintiffs' reasonable costs and expenses (including lost wages) directly related to their representation of the Class should be approved.

If you purchased or otherwise acquired shares of RSL Communications, Inc. common stock between April 30, 1999 and December 29, 2000, your rights may be affected by this Settlement.  If you have not received a detailed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing ("Notice") and a copy of the Proof of Claim and Release, you may obtain copies by mail: RSL Communications Securities Litigation, c/o Berdon Claims Administration LLC. P.O. Box 9014, Jericho NY 11753-8914; by toll-free phone: 800-766-3330; by fax: 516-9831-0810; or you can download a copy at www.berdonclaims.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than February 22, 2011, establishing that you are entitled to recovery.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the Settlement, you may contact Lead Counsel at: Curtis V. Trinko, Esq.; The Law Office of Curtis V. Trinko LLP; 16 West 46th Street, 7th Floor; New York, NY 10036; 212-490-9550; ctrinko@trinko.com; or go to the Claims Administrator's website: www.berdonclaims.com.