Wanadoo sells Wanadoo Belgium to Tiscali

The total value of the transaction is EUR 9.5 million to be paid through newly issued Tiscali shares. The capital increase will be on the agenda of the next Tiscali's shareholders meeting, which is scheduled before end of April 2003. The shares will not have any lock up restriction nor any other selling restrictions.

Wanadoo's decision to withdraw from the Belgian market is consistent with its European strategy which focuses on being one of the top three players on each market where the company is offering its services.

Its key goal is to become one of the most profitable Internet companies in Europe - which is already the case in France.

This operation will allow Wanadoo to improve its EBITDA and Free cash Flow for 2003.

Wanadoo Belgium N.V, whose activities are located in Brussels, is a Belgian ISP and portal, with about 85,000 active customers - of which 25,000 are ADSL subscribers.

The deal includes the staff (15 employees) of Wanadoo Belgium N.V within Tiscali's Belgian subsidiary and will not impact Wanadoo Belgium N.V customers who will be re-addressed to the Tiscali Network.

About Wanadoo

Wanadoo, a subsidiary of France Telecom, is one of Europe's leading Internet and directories companies with 8.5 million active subscribers, nearly 20 million unique visitors per month and more than 650,000 advertisers.  Wanadoo is a leading Internet media services provider in France, the U.K. and Spain, and have  also a significant presence in the Netherlands.  Wanadoo is expanding its Internet operations through, amongst others, broadband Internet access with more than 1 million cable and ADSL subscribers and through online directories with almost 240,000 online advertisers amongst SMEs.  Wanadoo recorded EUR 2 billion in revenues in 2002 and has approximately 7,000 employees.  Wanadoo is listed on Euronext Paris. Further information on Wanadoo can be found on the company's web site at:  www.wanadoo.com