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GLOBIX ANNOUNCES TWO-FOR-ONE STOCK SPLIT

NEW YORK — December 10, 1999 — Globix Corporation (NASDAQ: GBIX) today announced that its Board of Directors approved a two-for-one stock split of the Company’s outstanding shares of common stock. The stock split will be effected in the form of a stock dividend and will entitle each stockholder of record at the close of business on December 20, 1999 to receive one additional share of common stock for every one share owned. The additional shares will be distributed by the transfer agent on, or about, December 30, 1999. Upon completion of the stock split, the Company will have approximately 16,600,000 shares of common stock outstanding.

About Globix
Globix Corporation is a leading provider of Internet connectivity and advanced Internet services for businesses in the United States and Europe. Through its high-speed, fault-tolerant, fiber-optic network and state-of-the-art Internet Data Centers in New York City, Santa Clara, CA and London, UK, Globix delivers superior reliability, security and performance to companies using the Internet to deploy mission-critical business strategies. Cutting-edge applications include Co-Location, Web Hosting, Dedicated Access, Streaming Media, E-Commerce and Internet Security.

This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of Risk Factors listed from time to time in the Company’s filings with the Securities and Exchange Commission.

Contact:
Globix Corporation
Charles Strauzer
VP – Corporate Finance

212-625-7327
[email protected]

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