NAP of the Americas Doubles Footprint at the Technology Center of the Americas

Terremark's NAP Expands Operations to TECOTA's Third Floor to Accommodate Anticipated Growth

HostReview.com
Wednesday, November 5, 2003; 12:00 AM

MIAMI--(BUSINESS WIRE)--Nov. 5, 2003-- Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated Tier-1 Network Access points (NAPs) and best-in-class network services, today announced that it has signed a lease to expand the NAP of the Americas to the third floor of the Technology Center of the Americas (TECOTA).

The NAP of the Americas currently occupies the entire second floor of TECOTA. The third floor will give the NAP of the Americas an additional 149,184 sq. ft. in which to operate and allow Terremark to customize build-outs for large customers. Terremark will leverage the power, environmental and connectivity infrastructure that exists on the second floor to provide the same 100% service level agreements (SLAs) for power and environmental on the third floor.

"Terrremark's expansion into the third floor of TECOTA enhances the unique advantages of the project, further demonstrating the state-of-the-art nature of the facility and its unmatched connectivity opportunities. The NAP has unquestionably been a valued tenant and we look forward to its expansion," said P.J. Yeatman, a representative of one of the TECOTA investors.

"We are very excited with this new opportunity to expand the footprint of our flagship carrier-neutral Tier-1 NAP," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "This expansion, together with our previously announced opening of the NAP of the Americas/West, is designed to accommodate our anticipated growth in the public and private sectors."

About TECOTA:

The Technology Center of the Americas ("TECOTA"), located in downtown Miami, is a state-of-the-art, 750,000 sq. ft. data center. TECOTA is an industry leading technology center designed and built for the sole purpose of housing mission-critical systems. TECOTA is directly adjacent to 24 fiber providers, in line-of-sight to major carrier Points of Presence and proximate to seven worldwide undersea cable landings. The facility is built to disaster resistant standards with maximum-security features and is outside of the FEMA 500-year flood zone as well as outside of the hurricane evacuation area. TECOTA's tenant roster includes the NAP of the Americas - the 5th Tier-1 Network Access Point in the world, Global Crossing, e-life Group, Sprint and the City of Miami's Downtown NET office (police sub station). TECOTA, LLC. is owned by Calor Development, Barrow Street Capital, Lubert-Adler Management, Inc. and Terremark Worldwide, Inc. TECOTA is located at 50 NAP of the Americas Blvd. (N.E. 9th Street), Miami, Florida USA, 305-808-5213. More information about TECOTA can be found at http://www.tecota.com.

About Terremark Worldwide, Inc.

Terremark Worldwide Inc. (AMEX:TWW) is a leading operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, creating technology marketplaces in strategic global locations. Terremark is the owner and operator of the NAP of the Americas, the 5th Tier-1 Network Access Point in the world and the model for the carrier-neutral TerreNAP(SM) Data Centers the company has in Santa Clara, California (NAP of the Americas/West), in Sao Paulo, Brazil (NAP do Brasil) and in Madrid, Spain (NAP de las Americas - Madrid). The carrier-neutral NAP of the Americas is a state-of-the-art facility that provides exchange point, collocation and managed services to carriers, Internet service providers, network service providers, government entities, multi-national enterprises and other end users. The NAP, which connects fiber networks in Latin America, Europe, Asia and Africa to those in the U.S., enables customers to freely choose among the many carriers available at the TerreNAP Centers to do business. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, 305-856-3200. More information about Terremark Worldwide can be found at http://www.terremark.com.

Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements.

SOURCE: Terremark Worldwide, Inc.

CONTACT: Terremark Worldwide, Inc., Miami Sandra Gonzalez-Levy, 305-860-7829 sgonzalez-levy@terremark.com Media Relations Edelman Jim Burke, 305-358-5299 jim.burke@edelman.com Investor Relations RCG Capital Markets Group, Inc. Joe Diaz, 480-675-0400 jdiaz@rcgonline.com