ICO FILES REGISTRATION STATEMENTS WITH S.E.C. FOR PUBLIC OFFERINGS London, June 12 (TTNN - AsiaNet) - ICO Global Communications (Holdings)Ltd., a global mobile communications company, announced today that it hasfiled registration statements with the U.S. Securities and Exchange Commissionin relation to an initial public offering (IPO) of its ordinary shares and ahigh-yield offering of senior notes. Initial Public Offering The IPO is being made by the company through a syndicate of underwriters inthe United States and internationally. Application has been made to list theordinary shares on the NASDAQ National Market System. Donaldson, Lufkin & Jenrette Securities Corporation and its affiliates arejoint lead manager and sole bookrunner for the offerings. The other joint leadmanagers are Credit Suisse First Boston and Salomon Smith Barney. The juniorco-managers of the syndicate comprise ABN Amro Rothschild, BA RobertsonStephens, Bear, Stearns & Co. Inc. and HSBC Investment Bank. Prior to the offering there has been no public market for ICO's shares inthe United States or elsewhere. Copies of the preliminary prospectus for the Offering of Shares in ICOGlobal Communications will be available from the Prospectus Department,Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Avenue, NewYork, NY 10172, tel: +1 212 892 3000. High-Yield Debt In addition, ICO Global Communications (Holdings) Ltd. also announced anoffering of senior notes. The high-yield debt offering will be made by Donaldson, Lufkin & JenretteSecurities Corporation and its affiliates, Goldman Sachs, & Co., Bear, Stearns& Co. Inc. and CIBC Oppenheimer. Copies of the preliminary prospectus for the high-yield debt issue will beavailable from the Prospectus Department, Donaldson, Lufkin & JenretteSecurities Corporation, 277 Park Avenue, New York, NY 10172, Tel: +1 212 8923000. ICO Global Communications was established in January 1995 as a privatecompany to provide global mobile personal communications services bysatellite, including digital voice, data, fax and messaging services. Itraised more than U.S dollars 2 billion in equity contributions and has 93investors, of which more than 60 are strategic investors, comprisingtelecommunications and technology companies from over 50 markets around theworld. ICO expects to commence full commercial operations in the year 2000.Its services are expected to be used by international and domestic cellularusers who roam outside areas covered by compatible cellular networks frombusiness, industry and government organisations, mining, transportation,aeronautical, maritime, media and other specialist sectors as well asresidents of rural and remote areas lacking adequate local communications. A registration statement relating to these securities has been filed withthe Securities and Exchange Commission but has not yet become effective. Thesesecurities may not be sold nor may offers to buy be accepted prior to the timethe registration statement becomes effective. This communication shall notconstitute an offer to sell or the solicitation of an offer to buy nor shallthere be any sale of these securities in any State in which such offer,solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any State. News Release UNS Contact: ICO Global Communications, tel London +44 181-600 1000 or website http://www.ico.com