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Company:
Lloyd Jarkow
Vice President,Corporate Development
ljarkow@above.net
914-421-6700

Investors:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening
JBurfening@lhai.com
212-838-3777

Press Release

AboveNet to List on NYSE

Company to Host First Quarter Earnings Conference Call on May 12

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--AboveNet, Inc. (Other OTC: ABVT), a leading provider of high bandwidth connectivity solutions, announced that its common stock has been authorized for listing on the New York Stock Exchange. Trading is scheduled to begin on May 12, 2009 under the symbol ABVT.

AboveNet also announced that management will conduct an earnings conference call to report first quarter 2009 results on Tuesday, May 12, 2009 at 10:00 a.m. ET. During the call, Bill LaPerch, President and Chief Executive Officer, and Joe Ciavarella, Senior Vice President and Chief Financial Officer, will provide an overview of the company’s business and discuss financial results. An earnings press release will be issued after the market close on May 11.

The dial in number for the call is (877) 866-5534, passcode 98195108. The call is also being webcast with an accompanying presentation, which can be accessed at http://investors.above.net. Please allow time to download the presentation before the call starts. A replay of the call will be available from 11:00 p.m. ET on May 12 until 11:59 p.m. ET on May 19. To listen to the telephone replay in the U.S., please dial (800) 642-1687 and for international callers, please dial (706) 645-9291. The webcast and the slide presentation will also be archived in the investor relations section of AboveNet’s website, under Events and Presentations, for 90 days.

About AboveNet, Inc.
AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.

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This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include such factors as are described in AboveNet, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2008.