Net2Phone to Report Q1 Fiscal Year 2004 Results
Company to present at Lehman Brothers, UBS and Western Show Conferences

Newark, NJ - December 2, 2003 - Net2Phone, Inc. (Nasdaq: NTOP), a leading provider of retail Voice over IP (VoIP) services, is expected to release its First Quarter (ended October 31, 2003) Fiscal Year 2004 statement of earnings on Wednesday, December 10, 2003 after the market closes.

Please join us for a live webcast at 4:30 PM EDT. Participants may access the live webcast by visiting <http://web.net2phone.com/about/investor/earning.asp> or www.vcall.com.

Net2Phone also announced today participation in the following upcoming events. Interested parties can view details of these events on Net2Phone's Web site at http://web.net2phone.com/about/investor/events.asp.

• December 2, 2003 - The Western Show, Anaheim, CA - Gerry Pearce, Vice President of Strategic Alliances, Net2Phone Cable Telephony, LLC, will discuss the global opportunities for cable operators to offer a bundled triple play offer of voice, video and data on one network. Net2Phone is currently running the first fully outsourced VoIP cable telephony deployment in conjunction with Liberty Cablevision of Puerto Rico, and recently signed a memorandum of understanding to deploy telephony services to Cebridge Connections.
• December 8, 2003 - Lehman Brothers Fifth Annual T3 Conference, New York, NY. Stephen Greenberg, CEO of Net2Phone, will discuss Net2Phone’s opportunities in VoIP, both domestically and internationally.
• December 10, 2003 -UBS 31st Media Week Conference, New York, NY. Michael Pastor, President of Net2Phone Cable Telephony, LLC, will discuss Net2Phone’s various offerings to provide cable operators a cost-effective solution to deliver a fully managed residential telecommunications solution to their customers.

About Net2Phone
Founded in 1995, Net2Phone is a leading provider of voice services over IP networks worldwide, enabling toll-quality calls between computers, telephones, and broadband devices. Recognized as the first Company to bridge the Internet with the public switched telephone network, Net2Phone has routed billions of minutes of traffic over its award-winning network. Incorporated within the company are (1) Net2Phone Global Services, which sells retail VoIP solutions globally and (2) Net2Phone Cable Telephony, which has developed a fully outsourced standards-compliant telephony solution for cable operators. Traded on the NASDAQ under the symbol NTOP, Net2Phone's strategic partners and investors include Liberty Media Corporation (NYSE: LMC.A; LMC.B) and IDT Corporation (NYSE: IDT; IDT.C). For more information about Net2Phone's products and services, please visit www.net2phone.com <http://www.net2phone.com>.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements involve risks and uncertainties and actual results could differ materially from those discussed in the forward-looking statements. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Factors which may affect the Company's results include, but are not limited to, the Company's ability to expand its customer base, the Company's ability to develop additional and leverage its existing distribution channels for its products and solutions, dependence on strategic and channel partners including their ability to distribute the Company's products and meet or renew their financial commitments, the Company's ability to address international markets, the effectiveness of the Company's sales and marketing activities, the acceptance of the Company's products in the marketplace, the timing and scope of deployments of the Company's products by customers, fluctuations in customer sales cycles, customers' ability to obtain additional funding, technical difficulties with respect to the Company's products or products in development, the need for ongoing product development in an environment of rapid technological change, the emergence of new competitors in the marketplace, the Company's ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation, the Company's ability to manage growth, obtain patent protection, and obtain additional funds, general economic conditions and other risks discussed in this Report and in the Company's other filings with the Securities and Exchange Commission. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to the Company as of the date thereof, and the Company assumes no obligation to update any forward-looking statement or risk factors.