INFONET BECOMES AUTO INDUSTRY IP VPN ENX CERTIFIED SERVICE PROVIDER.

(Full text of statement. Contact details below.)

EL SEGUNDO, Calif.--(BUSINESS WIRE)--July 20, 2004--Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced its certification to deliver managed connections to the European Network eXchange (ENX) via IP VPN Secure, Infonet's multi-class MPLS-enabled IP VPN service.

Designed specifically for the automotive industry, ENX is the secure communications platform enabling manufacturers, suppliers and trading partners to benefit from a single multi-provider network. With this certification, Infonet is now the first tier one managed service provider to add the ENX service into a pre-existing MPLS IP VPN network, an integration that substantially decreases costs and improves performance and manageability of the service.

The Infonet IP VPN Secure ENX service uses multi-VPN technology to bring key high performance benefits like the separation of ENX data traffic from other enterprise data traffic, such as e-mail, e-business applications and voice/video service.

"ENX has secured critical mass and has successfully passed the adoption phase. With the certification of key providers to the automobile industry, the network is gaining traction," said Henning Dransfeld, senior analyst, Ovum. "It is now at a point where certification is a critical factor when securing an IP VPN deal with automobile manufacturers. Since a number of tier one providers are not yet certified, those like Infonet who are carry a distinct competitive advantage."

"We are pleased to welcome Infonet as our latest certified service provider," said Lennart Oly, managing director, ENX. "Efficient communication is one of the most important factors in the automotive industry and with the help of ENX service providers, our users are able to achieve rationalization, increase efficiency and gain a competitive advantage."

"Working with ENX is a strategic milestone for Infonet, further marking our presence in large inter-company markets and expanding our reach into the automotive industry," said Jean-Noel Moneton, vice president, IP Services for Infonet. "We are currently working with Toyota, among other multinational companies, to deliver significant results via our ENX services."

About Infonet

Infonet Services Corporation, known for its quality of service, is a leading provider of managed network communications services for nearly 3,000 multinational entities.

Employing a unique consultative approach, Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. Extensive project management capabilities are the foundation for the services and solution offerings (broadband, Internet, intranet, multimedia, videoconferencing, wireless/remote access, local provisioning, application and consulting services) positioning Infonet as a single-source partner for multinational entities. In particular, Infonet IP VPN solutions offer multinationals a unique combination of Private and Public IP services as well as a full set of Managed Security and Mobility Services.

Rated "Best in Class" overall in Telemark's survey of Global Managed Data Network Services, Infonet has also won "Best Customer Care" and "Best Carrier" at the World Communication Awards. Founded in 1970, Infonet owns and operates The World Network(R), accessible from more than 180 countries, and provides local service support in over 70 countries and territories.

Infonet's stock is traded on the New York Stock Exchange under the symbol IN. Additional information about the company is available at www.infonet.com.

Safe Harbor Statement: Infonet may have made forward-looking statements in this release. These statements, if any, are based on information available to the company as of the date of this release and Infonet undertakes no duty to update the information to take account of later events. The accuracy of our forward-looking statements will also be affected by the strength of the market for Infonet products and services, competition, the timely transitioning of new business opportunities to Infonet's network and the effect of currency fluctuation. Investors should bear these risk factors in mind as well as those elaborated on in Infonet's 10K, 10-Qs and other recent filings made with the U.S. Securities and Exchange Commission. These documents are available through the investor relations portion of Infonet's web site at www.infonet.com.

If you would like to view this entire news release on Business Wire's website, please go to www.businesswire.com.

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CONTACT: Infonet Services Corporation

Alex Rassey, +1-310-335-1144

Corporate Marketing

email: alex_rasseyinfonet.com

or

Stacie Hime, +1-310-335-2875

Industry Analysts

email: stacie_himeinfonet.com

or

Ruder Finn

Alicia Dollard, +1-212-593-6343

Public Relations/Media

email: dollardaruderfinn.com

ASIA PULSE 21-07 1228

Fannie Mae Redemption.

Business Editors

WASHINGTON--(BUSINESS WIRE)--Oct. 7, 2003

Fannie Mae will redeem the principal amount indicated of the following securities issues on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:

     Principal   Security Interest Maturity Date    CUSIP    Redemption     Amount       Type     Rate                               Date ----------------------------------------------------------------------   $150,000,000   MTN     2.250% Oct. 17, 2005  3136F3KH8 Oct. 17, 2003 ----------------------------------------------------------------------   $150,000,000   MTN     2.750% Oct. 17, 2005  3136F2ND6 Oct. 17, 2003 ---------------------------------------------------------------------- $1,000,000,000   UBEN    4.500% Oct. 17, 2006  31359MLC5 Oct. 17, 2003 ----------------------------------------------------------------------    $25,000,000   MTN     3.350% April 17, 2007 3136F3JG2 Oct. 17, 2003 ---------------------------------------------------------------------- 

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided $5.2 trillion of mortgage financing for more than 55 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "FNM." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."