regard to the proposed acquisition (the "Acquisition") of Winstar
Communications Inc. by WintelTelecomHoldingsInc. ("Wintel"). 1 feel it necessary to
advise the Court and Debtor's counsel ... presently being held at Williams Management & Capital Group
Ltd. for the benefit of WintelTelecomHoldings, Inc. evidenced by a custodial safekeeping
receipt A segregated portion of these securities ... Date of Issue: December 13, 2001
Beneficiary: CENTURY CAPITAL, SA.
In Favor Of/Assignee: WINTEL - TELECOMHOLDINGS. INC.
Account Code Number:
' CUSIP Number:
ISM Number.
Fiduciary: iliams anagement & Capital Group