Net2Phone to Report Fourth Quarter and Full Year Fiscal 2001 Earnings on October 23rd

Newark, NJ - October 19, 2001 - Net2Phone, Inc. (Nasdaq:NTOP) is expected to release its Fourth Quarter and Full Fiscal Year 2001 statement of earnings on Tuesday, October 23, 2001 at 4:00 PM EST.

Please join us for a conference call and live webcast that will follow at 4:30 PM EST. The dial-in number for the conference call is (800) 446-2782 (replay dial-in: (888) 843-8996, passcode: 4918232).

Participants may access the live and replay webcast by visiting www.net2phone.com/corporate/ir/ or www.vcall.com.

We look forward to your participation.

ABOUT NET2PHONE
Founded in 1995, Net2Phone is a leading provider of voice and enhanced services over IP networks to consumers, businesses and carriers worldwide. With millions of users around the world, Net2Phone enables toll-quality calls between computers, telephones, and broadband devices utilizing IP networks. Recognized as the first company to bridge the Internet with the public switched telephone network, Net2Phone has routed more than 1.5 billion minutes of traffic over its award-winning network. Traded on the NASDAQ under the symbol NTOP, Net2Phone's strategic partners and investors include AT&T, America Online, and Yahoo!. Net2Phone also offers enhanced hosted service solutions, including voice recognition, for businesses around the world. For more information about Net2Phone's products and services, please visit www.net2phone.com.