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Globix Files Amendment to Registration Statement

NEW YORK – March 4, 1999

New York, New York, March 4, 1999 Globix Corporation (Nasdaq: GBIX) a leading provider of Internet connectivity and sophisticated Internet-based solutions for large and medium size businesses, today announced that it filed an amendment to its Registration Statement with the Securities and Exchange Commission for a planned underwritten public offering of 4,605,790 shares of common stock, of which 4,000,000 shares are being offered by the Company and 605,790 shares are being offered by selling shareholders, none of whom are executive officers of Globix. Based on the recent market price of the Company’s common stock, the net proceeds to the Company are expected to be approximately $93.6 million.

When available, a copy of the preliminary 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.

A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.

This press 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 such state.

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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