Globix Corporation Announces Extension of Exchange Offer

NEW YORK – September 10, 1998

NEW YORK, NEW YORK, September 10, 1998 – Globix Corporation (NASDAQ GBIX) announced today that it is extending the Expiration Date of its offer to exchange up to an aggregate principal amount of $160 million of its new 13% Senior Notes due 2005 for any and all outstanding 13% Senior Notes due 2005. The Expiration Date, which was originally scheduled for September 10, 1998, has been extended to 5:00 p.m., New York City time, September 17, 1998. The new 13% Senior Notes due 2005 have been registered under the Securities act of 1933, as amended. All other terms of the Exchange Offer remain unchanged.

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.