Terremark to Acquire Site in Culpeper County, Virginia to Construct New Data Center Campus

  
    
  
  
    
      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, announced today that it 
      has secured a 30-acre site in Culpeper County, Virginia to build a new 
      state-of-the-art data center campus fulfilling the company’s 
      stated objective to expand in the Washington, D.C. area.
    
    
      Terremark has designed a master plan for the site that will allow for 
      modular growth of the campus based on customer demand. The master plan 
      calls for five data center facilities that can each yield approximately 
      50,000 square feet of colocation space. Each facility would be a highly 
      secured stand alone structure that could house either commercial or 
      Federal government customers. The site, which is strategically located 
      outside of the “blast zone”, 
      will be designed to the strictest security standards mandated by the 
      Federal government, including significant perimeter set backs.
    
    
      This site will be directly linked to Terremark’s 
      flagship facility the NAP of the Americas in Miami, providing customers 
      with access to the full range of networks and services in that facility, 
      including the commercial sector and Federal government Network 
      Operations Centers (NOCs). The data center will feature state-of-the-art 
      physical infrastructure consistent with Terremark’s 
      other Internet exchanges including high power density to meet the needs 
      of the servers use by today’s growing IP, 
      video and other IT applications.
    
    
      As previously disclosed, Terremark anticipates that the build-out of the 
      first data center facility will require an initial investment of $55 
      million to $60 million. The timing of the investment in each additional 
      data center facility will be based on additional customer demand.
    
    
      The Company expects to fund the purchase price of $4.4 million with the 
      proceeds of the interim financing announced last week. Pursuant to the 
      interim financing, Credit Suisse has agreed to purchase the site in 
      Culpeper and lease it back to Terremark. Terremark will have the option 
      to purchase the property from Credit Suisse at the original purchase 
      price plus accrued interest.
    
    
      ”Terremark has been evaluating a number of 
      locations for its new data center facility in the Washington/Virginia 
      area for some time,” said Manuel D. Medina, 
      Chairman of Terremark Worldwide, Inc. “The 
      Culpeper County site has great attributes and supports our long-term 
      objectives to solidify our market leadership and expansion program as 
      well as meet our customers’ growing demands.”
    
    
      In an official ceremony held today in Culpeper County, Virginia Governor 
      Tim Kaine said, “Terremark’s 
      new campus will be among the largest colocation data center sites in the 
      United States. High tech expansions of this caliber are a focus of my 
      administration and the high-paying jobs it will generate will be a great 
      asset to the region.”
    
    
      The company plans to break ground in June of 2007 and anticipates it 
      will begin deploying customers during the June 2008 quarter.
    
    
      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, 
      [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.