Terremark Announces Closing of Common Stock Offering

Terremark Worldwide, Inc. (www.terremark.com) today announced the closing of its follow-on offering of 60,000,000 shares of its common stock. The shares were sold by Terremark at a price of $0.73 per share. SG Cowen & Co., LLC was the lead manager for the offering.

Terremark Worldwide, Inc. (AMEX:TWW) is an operator of integrated Tier-1 Internet exchanges and 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).