Winstar Communications, Inc.

No. Date Reports
4 March 30, 2001 No evident reason to repurchase Winstar shares.

3 March 19, 2001 Winstar’s debt collapse reflects its cash and operating crisis.

2 March 14, 2001 Salomon Smith Barney Issues Misleading Winstar Report.

1 March 8, 2001 Winstar possesses no ability to service or repay its debt obligations.