City of Coral Gables To Become First Municipal Customer at Terremark's NAP of the Americas.

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--June 18, 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 the City of Coral Gables has selected the NAP of the Americas to house its IP router. The City of Coral Gables is the NAP's first municipal customer and will relocate to the NAP in July of this year.

The NAP of the Americas will support the City's mission-critical communication needs and significantly expand its connectivity capabilities, enabling future seamless connections with local municipalities, the county and other organizations, as well as local educational institutions already at the NAP, such as Florida International University.

"Locating in the NAP of the Americas will not only save us money in the future, but will allow us to continue to expand City services offered to Coral Gables residents via our web site http://www.coralgables.com," said Coral Gables Mayor Don Slesnick. "The NAP also provides an extremely secure environment that can withstand emergency situations, providing the perfect environment to eventually deploy the City of Coral Gables' back-up and disaster recovery programs."

"We are pleased that Mayor Don Slesnick, City Manager David Brown, the Commissioners and City staff had the vision to select the NAP of the Americas to house Coral Gables' critical communications infrastructure," said Manuel D. Medina, Chairman and CEO of Terremark Worldwide, Inc. "The NAP provides them with the platform to meet their current and future technology needs easily and cost effectively. While Coral Gables is the first municipality at the NAP, we hope others will follow suit and evaluate our unique value proposition and the benefits we have to offer the public sector."

About The City of Coral Gables

The City of Coral Gables operates a Council/Manager form of government with a budget of just under $100 million, and 15 departments with 856 employees providing personalized municipal services to more than 43,000 residents, within a 14 square mile area. The City is proud of its Class 1 Fire Department, Class 1 Building and Zoning Department, and fully accredited Police and Park & Recreation Departments. Additionally, the City maintains a AAA bonding rating from Standard & Poor's and the City's Automotive Department is an ASE Blue Seal of Excellence shop since 2000.

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.