Press Releases

Globix Announces Public Offering of 4,605,790 Shares of Common Stock

NEW YORK – March 23, 1999

New York, New York, March 23, 1999 Globix Corporation (Nasdaq: GBIX) a leading provider of Internet connectivity and sophisticated Internet-based solutions for large and medium size businesses, today announced the public offering of 4,605,790 shares of its common stock at a price of $37.00 per share. 4,000,000 of the shares were sold by the Company and 605,790 of the shares were sold by selling stockholders, none of whom are executive officers of the Company. The Company has also granted the underwriters of the public offering an option to purchase up to an additional 690,869 shares of its common stock to cover over allotments. The shares sold by the Company and the selling stockholders are offered by an underwriting group managed by Donaldson, Lufkin & Jenrette Securities Corporation, Bear, Stearns & Co. Inc. and Lehman Brothers Inc.

The Company’s common stock trades on the NASDAQ National Market under the symbol GBIX. The Company intends to use the net proceeds of the offering to fund the completion of its network and for general corporate purposes.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

Copies of the final prospectus relating to the offering may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, Prospectus Dept., 277 Park Ave., New York, NY 10172, 212-892-4525; Bear, Stearns & Co. Inc., Prospectus Dept., 245 Park Ave., New York, NY 10167, 212-272-4850; and Lehman Brothers Inc., Prospectus Dept., Three World Financial Center, New York, NY 10285, 212-526-7000.

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.


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