Antonio Fernandez Elected to Terremark Worldwide's Board of Directors.

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--Sept. 9, 2003

Terremark Worldwide, Inc. (AMEX:TWW), a leading designer, builder and operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, today announced that Antonio S. Fernandez, founder and former head of the International Investment Banking Department at Oppenheimer & Co., has been elected to Terremark's Board of Directors. Mr. Fernandez will serve on the Audit and Compensation Committees.

Before leading Oppenheimer's International Investment Banking Department, Fernandez served as Director of Operations and as Chief Financial Officer for the company. Prior to joining Oppenheimer, Fernandez held senior management positions at Electronic Data Systems (EDS), duPont Glore Forgan, and Thomson McKinnon.

Mr. Fernandez has served on the board of Banco Latinoamericano de Exportaciones, and as a trustee of Muhlenberg College in Pennsylvania. He graduated from Pace University in New York.

"Tony is a tremendous addition to our board," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "His broad finance and international investment banking experience will help support the company's goal of expanding our investor base as we continue to grow the company. We look forward to his advice and counsel."

Fernandez joins ten other members, who were re-elected to the Terremark Board at the annual stockholders meeting held September 8th. Members include Chairman Manuel D. Medina; Vice Chairman Joseph R. Wright, Jr., CEO of PanAmSat; Guillermo Amore, former Senior Vice President of GTE International Telephone Operations; Timothy Elwes, Director of Timothy Elwes and Partners, LTD.; Fernando Fernandez-Tapia, President of the Official Chamber of Commerce and Industry of Madrid; Jose Maria Figueres-Olsen, former President of Costa Rica; Arthur Money, former US Assistant Secretary of Defense; Marvin S. Rosen, Vice Chairman of Fusion Telecommunications International; Miguel J. Rosenfeld, Senior Vice President of Delia Feallo Productions Inc.; and Rodolfo A. Ruiz, former President and CEO of Bacardi U.S.A.

About Terremark Worldwide, Inc.

Terremark Worldwide Inc. (AMEX:TWW) is a leading designer, builder and operator of integrated Tier-1 Network Access Points (NAPs) and best-in-class network services, creating technology marketplaces in strategic global locations. Terremark is the owner and operator of the NAP of the Americas, the 5th Tier-1 Network Access Point in the world and the model for TerreNAP(sm) Data Centers the company is deploying in Sao Paulo, Brazil (NAP do Brasil), Madrid, Spain (NAP de las Americas - Madrid) and other emerging markets. The carrier-neutral NAP of the Americas is a state-of-the-art facility providing interconnection between global carriers, ISPs and others, as well as connecting fiber networks in Latin America, Europe, Asia and Africa to those in the U.S. Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor, Miami, Florida USA, 305/856-3200. More information about Terremark Worldwide can be found at http://www.terremark.com.

Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth. Terremark does not assume any obligation to update these forward-looking statements.