Terremark Announces Pricing of Common Stock Offering

Terremark Worldwide, Inc. (www.terremark.com) today announced that it has priced its public offering of 60,000,000 shares of its common stock at $0.73 per share.

The underwriters have an option to purchase up to an additional 9,000,000 shares of common stock to cover over-allotments, if any. All of the shares are being sold by Terremark. The offering is expected to close on March 14, 2005.

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).