Terremark Worldwide Announces Pricing of Common Stock Offering

  
    
  
  
    
      Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of integrated 
      Internet exchanges and a global provider of managed IT infrastructure 
      solutions for government and private sectors, today announced the 
      pricing of its public offering of 11.0 million shares of its common 
      stock at $8.00 per share. The company has granted the underwriters an 
      option to purchase up to an additional 1.5 million shares to cover 
      over-allotments, if any. Credit Suisse Securities (USA) LLC is acting as 
      sole bookrunning manager for the offering. Subject to customary 
      conditions, the offering is expected to close on or about March 28, 2007.
    
    
      A registration statement relating to the securities for which this 
      communication relates has been declared effective by the Securities and 
      Exchange Commission, or the SEC. The offering and sales of securities 
      pursuant to the offering may be made only by means of the final 
      prospectus supplement and related prospectus. Before you invest, you 
      should read the prospectus (and all supplements) in the registration 
      statement and other documents the issuer has filed with the SEC for more 
      complete information about the issuer and the offering. Copies of the 
      final prospectus supplement and accompanying base prospectus with 
      respect to the offering can be obtained from Credit Suisse Securities 
      (USA) LLC, Prospectus Department, One Madison Avenue, New York, New York 
      10010 (telephone [phone]) or by faxing requests to 212.325.8057. 
      You may also get these documents for free by visiting EDGAR on the SEC 
      Web site at www.sec.gov.
    
    
      This press release shall not constitute an offer to sell or the 
      solicitation of an offer to buy these securities, nor shall there be any 
      sale of these securities in any jurisdiction in which such offer, 
      solicitation or sale would be unlawful prior to registration or 
      qualification under the securities laws of any such jurisdiction.
    
    
      About Terremark Worldwide, Inc.
    
    
      Terremark Worldwide, Inc. (AMEX:TWW) is a leading operator of integrated 
      Internet exchanges and a global provider of managed IT infrastructure 
      solutions for government and private sectors. Terremark delivers its 
      portfolio of services from seven locations in the U.S., Europe and Latin 
      America and from four service aggregation and distribution locations, 
      which aggregate network traffic and distribute network-based services in 
      Europe and Asia to meet specific customer needs. Terremark’s 
      flagship facility, the NAP of the Americas, is the model for the 
      carrier-neutral Internet exchanges 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, colocation and managed services. Terremark is 
      headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA 
      33133, [phone]. More information about Terremark Worldwide can be 
      found at 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.