Globix Corporation Announces the Commencement of an Exchange Offer for its 12.50% Senior Notes Due 2010

NEW YORK – April 17, 2000

Globix Corporation (NASDAQ: GBIX) announced today that it was commencing, effective April 18, 2000, an offer to exchange up to $600,000,000 aggregate principal amount of its 12.5% Senior Notes due 2010, (the ‘New Notes’), which have been registered under the Securities Act of 1933, for a like amount of its outstanding 12.5% Senior Notes due 2010 (the ‘Old Notes’), which are unregistered.The exchange offer will expire on May 15, 2000, unless extended by Globix. The exchange offer will be made pursuant to and in accordance with the terms stated in a prospectus and letter of transmittal, dated April 17, 2000. The New Notes will replace the debt represented by the Old Notes. The Indenture, dated February 8, 2000, between Globix and HSBC Bank USA, as Trustee, governs both the New Notes and any Old Notes not exchanged during this offer. A copy of the prospectus may be obtained by contacting HSBC Bank USA, 140 Broadway, Level A, New York, New York 10005-1180, Attention: Corporate Trust Department, Facsimile: (212) 658-2292, Telephone: (212) 658-5931

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

About Globix

Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.

This press release contains forward-looking statements relating to the Company’s or management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially FROM those projected in the forward-looking statements. These risks, assumptions and uncertainties include the ability to finance the operations and complete the planned expansion of our facilities and network; our reliance on the growth of the Internet and e-commerce; our success against competitors with significantly greater resources; and other risks listed under the heading of Risk Factors in the Company’s filings with the Securities and Exchange Commission.