Globix CEO Purchases Additional Common Stock and Senior Notes

NEW YORK – March 26, 2001

NEW YORK — March 26, 2001 — Globix Corporation (NASDAQ: GBIX) announced today that Chairman and CEO Marc H. Bell has exercised options to purchase 55,600 shares of Globix stock and has also purchased $10 million in principal amount of the Company’s 12.5 percent Senior Notes on the open market. This is the second time in four months that Mr. Bell has demonstrated his faith in the Company he founded through the purchase of Company stock and bonds. Combined with the earlier transactions, Mr. Bell has exercised options to purchase 1,426,464 shares of Globix stock and also purchased $16.5 million in principal amount of the Company’s Senior Notes.

Mr. Bell said of his purchase, ‘I am confident in the future success of Globix and in our ability toexecute on our business plan.’

‘The recent economic turmoil presents an ideal opportunity for companies to accelerate outsourcingof their Internet services as a cost-savings solution, and Globix can provide these companies withworld-class products and services. With our advanced Internet data centers and high-performancenetwork, Globix is uniquely positioned to leverage our infrastructure to provide fully integrated andmanaged solutions, including value-added application services,’ he added.

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.