Globix Announces Agreement with America Online to Participate in AOL’s TeraPOP Internet Traffic Exchange Point

NEW YORK – June 10, 1999

NEW YORK, NEW YORK, June 10, 1999 – Globix Corporation (NASDAQ: GBIX), a leading provider of Internet service and one-stop Internet-based solutions for businesses, announced today that it had signed an agreement with America Online, the global leader in interactive services, under which Globix will become a peering partner in AOL’s TeraPOP, one of the largest Internet traffic exchange points in the world.

Peering is an arrangement between two Internet Service Providers to pass traffic directly between one another to a destination on the other’s network. The direct access between AOL and Globix will enable the TeraPOP to provide AOL members with even faster access to the Internet, including Web sites hosted by Globix, by removing the need to travel through multiple exchange points when accessing many locations on the Internet.

‘The Globix/AOL peering agreement will provide a real benefit to AOL members and Globix clients,’ said Marc H. Bell, President and CEO of Globix. ‘Our agreement with AOL reinforces the Globix position as a leading provider of comprehensive and sophisticated Internet solutions.’

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.