Viatel files 2003 Annual Report, 29th March 2004

London 29 March 2004 - Viatel Holding (Bermuda) Limited (OTC:VTLAF), (the "Company" or "Viatel"), the pan-European communications company, today announced that it had filed its Annual Report on Form 20-F for the year ended December 31, 2003 with the United States Securities and Exchange Commission.

Viatel is currently working to finalize definitive documentation for the previously-announced Proposed Financing and is holding a Special General Meeting of Shareholders on April 6, 2004. "I would encourage all of our shareholders to read the Form 20-F, in addition to the materials already circulated to them, in advance of the Special General Meeting", stated Leslie Goodman, Viatel\'s Chairman.

The Proposed Financing is conditional upon a number of matters, including the passing of specified resolutions at the April 6 Special General Meeting. No assurance can be given that the Proposed Financing will be consummated. The Company\'s Notice of the April 6 Special General Meeting and related materials were filed as exhibits to the Form 6-K of the Company dated March 10, 2004, which is available for review on the SEC website at www.sec.gov.

 

About Viatel

Viatel is a pan-European data and internet services company delivering services in communications to European businesses, regardless of size.

Operating across the UK, France, Germany, Belgium, The Netherlands and Switzerland, Viatel is a communications service provider operating a pan-European network. Headed by Lucy Woods, formerly of WorldCom EMEA and BT, the company employs 180 people throughout Western Europe to provide services including IP-VPNs, managed hosting and managed connectivity.

For further information on Viatel, please visit www.viatel.com

For further information please call:

Chris Jones, Neil Daugherty and James Ralph on +44 (0)207 7340 0430

Forward Looking Statements

This document contains "forward-looking statements" as the term is defined in Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning plans and objectives for future operations, events or performance and underlying assumptions and other statements which are other than statements of historical fact. Any such forward-looking statements are not guarantees of future performance. Various known or unknown factors could in the future cause actual outcomes to differ materially from those anticipated in any such forward-looking statements. Such factors include, among other things, our ability to conclude final terms as to any financing, our ability to maintain a viable cash and balance sheet position, our ability to maintain, operate and develop our network, and other unforeseen financial, legal, operational or technical issues. Any such forward-looking statements speak only as of the date they are made. We undertake no obligation to update any such forward-looking statement in light of new information or future events.

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