A.C.L.N. Ltd. Announces a 5-for-4 Stock Split

19 April 2000

A.C.L.N. Ltd. Announces a 5-for-4 Stock Split; ACLN to Begin Service to The Gambia in West Africa

    LIMASSOL, Cyprus--April 18, 2000--A.C.L.N. Ltd. (Nasdaq:ACLNF) today announced a 5-for-4 stock split for shareholders to be effected on May 18, 2000.
    The company also announced that it would begin regular service from Northern Europe to Banjul, The Gambia. The initial shipment of 350 cars will load first in Hamburg, Germany, and then Antwerp, Belgium, for a scheduled arrival in Banjul on May 2. Most of the cars shipped to this port will be shipped on a freight-prepaid basis.
    The Gambia is a relatively small African nation. However, the much larger and more populous Senegal surrounds it.
    Banjul brings the number of African ports that the company serves to 14, in 12 countries. The ports of destination now include Alexandria, Egypt; Tripoli and Banghazi, Libya; Tunis and Zarzis, Tunisia; Banjul, The Gambia; Conakry, Guinea; Abidjan, Ivory Coast; Tema, Ghana; Lome, Togo; Cotonou, Benin; Lagos, Nigeria; Douala, Cameroon; and Luanda, Angola.
    Ports of origination include Antwerp, Belgium; Amsterdam, Netherlands; and Hamburg and Bremerhaven, Germany.
    A.C.L.N. Ltd. (www.aclnltd.com) is a marine logistics company that arranges for the resale and shipment of personal automobiles and light trucks from four ports in Northern Europe to purchasers who live in West Africa, North Africa and the Middle East.

    This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of management and are subject to a number of risk factors and uncertainties that could cause actual results for performance of the company to differ materially from those described herein.