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To: Clint E. who wrote (22761)	8/12/1999 3:38:00 PM
From: Iris Shih	Respond to of 69747

August 12, 1999 07:54 Rhythms NetConnections Completes Offering of Secondary Shares ENGLEWOOD, Colo., Aug. 12 /PRNewswire/ -- Rhythms NetConnections Inc. (Nasdaq: RTHM), a provider of high-speed networking solutions for remote access to private networks and the Internet, today announced the offering of 3,961,862 shares of Common Stock at a price of $29.00 per share. The shares are being sold primarily by holders of the Company's warrants issued in connection with the Company's 13.5 percent senior discount note offering in May 1998. The underwriters of the public offering have been granted an option to purchase from the Company 594,279 shares to cover over allotments. Merrill Lynch & Co., Salomon Smith Barney, Hambrecht & Quist and Thomas Weisel Partners LLC are the managing underwriters of this offering.