LONDON, September 2, 2004 – AboveNet Communications UK Ltd., a subsidiary of AboveNet Inc., a leading provider of integrated access services to leading edge enterprises, announced today that it has signed its second contract with WagerWorks, one of the world’s leading developers of legally compliant Internet and remote gaming solutions. WagerWorks, who recently relocated their London- based servers to AboveNet’s datacentre in the Docklands, has just signed a new contract for AboveNet to move and house a secondary infrastructure within the datacentre along with the provision of IP bandwidth.

“WagerWorks has put a great deal of energy into creating gambling solutions that comply with today’s regulations and work with today's technology. We are reassured that AboveNet is providing us with the services we need to ensure the secure delivery of our business content to our global customer base, " said Jeremy Przygode, Director of Network Operations of WagerWorks. “AboveNet has done a professional job re-locating our servers and we feel confident that we have chosen the right provider in London to supply us with the service and security we command as a business moving forward.”

Under this new agreement, AboveNet will provide its SiteMove service along with Co-location and IP bandwidth connectivity to the AboveNet single global IP network (AS6461). By choosing to house their infrastructure within dedicated hosting facilities, WagerWorks will increase the security, resilience and speed of their gaming platforms, providing their customers with an increasingly efficient platform from which to connect.

“I have no doubt that, in working with us, WagerWorks has taken a major step forward in ensuring fast and reliable delivery of their business content to all those who wish to use the gaming platforms they design and build,” said John Dowbiggin, Managing Director of AboveNet Communications UK Ltd. “On behalf of both companies, I look forward to a fruitful relationship, reflecting the continued success and growth of WagerWorks on-line gaming solutions.”

About WagerWorks

WagerWorks, Inc. develops and markets a complete Internet gaming solution that enables well-known commercial brands in regulated markets to leverage their market position and brand equity online. As a veteran of the traditional casino industry, WagerWorks has adhered to the highest standards imposed by the U.S. and Alderney regulatory authorities. Currently WagerWorks manages and provides a casino solution out of Alderney and a fixed odds gaming solution in London. The company has implemented a broad line of products and games with unparalleled integrity and unmatched quality, including Wheel of Fortune, The Price Is Right and Play Your Cards Right.

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About AboveNet, Inc.
AboveNet, Inc. is a leading provider of integrated access services for leading edge enterprises. AboveNet builds and operates an office-to-office, 100-percent optical network enabling customers to create an efficient, cost-effective network that breaks economic and performance barriers imposed in the last mile by complex legacy telecom infrastructures. With one of the most extensive metropolitan optical networks in the world, data centers throughout the US and Europe, top quality managed services and a high-performance IP network, AboveNet is able to offer the most flexible and complete information exchange solutions in the industry.

This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as are described from time to time in the SEC reports filed by the Company including the most recently filed Forms S-3, 10-K, 10-Q and 8-K-.

Published on: 12:00AM on 2nd August 2004