Bacardi USA to Centralize Technology Infrastructure At Terremark's NAP of the Americas.

Business Editors

MIAMI--(BUSINESS WIRE)--Sept. 17, 2002

World's Largest Privately Held, Family-Owned Spirits Company Selects

State-of-the-Art Facility After Competitive RFP Process

Terremark Worldwide, Inc. (AMEX:TWW), the only carrier-neutral operator of Tier-1 NAPs and a provider of Internet infrastructure and managed services, today announced that Bacardi USA, Inc., a subsidiary of Bacardi Limited, the world's largest privately held, family-owned spirits company, has decided to centralize its technology infrastructure at Terremark's NAP of the Americas. Bacardi chose the NAP of the Americas after a competitive Request For Proposal ("RFP") process that compared the Terremark's facility and services with those of other companies in the region.

Bacardi USA issued an RFP to centralize all of its Enterprise Resource Planning system for the North American region into one single site in order to increase operational efficiencies and improve customer service. The company's stringent requirements included redundancy in communications and electrical systems, a secure facility resistant to natural and man-made catastrophes, state-of-art technology, the ability to leverage the aggregation of carriers and expand its presence within the facility for additional consolidation - all within a competitive cost scheme. Bacardi also sought the technical support to provide the managed services necessary for its constant up-time requirements.

"We are consolidating our IT infrastructure to Terremark to improve our quality of service and realize a cost savings with our IT infrastructure for the North American region", said Doug Watson, Bacardi's VP, Director of IT Americas. "Terremark's facility met our collocation needs perfectly for today along with our anticipated needs of tomorrow. Their top-flight facility, available service offerings and carrier-neutral status were the three key drivers in our decision."

The NAP will initially service six of Bacardi subsidiaries, including Bacardi Bottling Corporation & Distribution Warehouse in Jacksonville; Bacardi U.S.A., Inc. in Miami; Bacardi-Martini, Inc. in Coral Gables; Bacardi Corporation and Bacardi Caribbean

Corporation in Catano, Puerto Rico. Terremark will also facilitate future connections to other Bacardi entities located in the Americas, as well as the Caribbean. The company plans to move into the NAP by November 2002 and be fully operational by February 2003.

"We welcome Bacardi USA to our list of sophisticated IT customers," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "As companies of all sizes consolidate and outsource their IT operations in order to concentrate in their core business, our carrier-neutral approach enables them to choose from a wide range of competitive solutions customized to meet their mission-critical needs. "

About Bacardi USA, Inc.

Bacardi USA, Inc. is a subsidiary of Bacardi Limited. Originally founded by Don Facundo Bacardi in 1862 in Santiago de Cuba, Bacardi is headquartered today in Hamilton, Bermuda. It is the world's largest privately held, family-owned spirits company and the producer of the world's great BACARDI rums. Bacardi Limited has more than 6,000 dedicated employees, and sales in excess of 60 million cases per year in 170 countries.

About Terremark Worldwide, Inc.

Terremark Worldwide Inc. (AMEX:TWW) is a global leader in facilitating Internet connectivity and providing Internet infrastructure and managed services. 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, [phone]. More information about Terremark Worldwide can be found at http://www.terremark.com.