Equinix to Acquire European Network-Neutral Data Center Operator IXEurope in $482 Million Deal

Equinix, Inc. (Nasdaq:EQIX), the leading provider of
network-neutral data centers and Internet exchange services, announced
today its firm intention to make an offer for the entire issued share
capital of IXEurope Plc ("IXEurope")(AIM:IXE), a provider of
colocation services in Europe. The acquisition comes as Equinix is in
the midst of a more than $450 million expansion program in the U.S.
and Asia-Pacific since 2006, and it is expected to strengthen
Equinix's market leading position by enabling the company to offer a
comprehensive global solution for customers.

Equinix will integrate IXEurope's network-neutral data center
business and operations under the Equinix brand. IXEurope's business
includes 14 data centers comprising more than 380,000 square feet of
net sellable space throughout Europe, including centers in London,
Zurich, Frankfurt, Munich, Paris, Dusseldorf and Geneva. The company's
more than 450 enterprise and Internet customers include Merrill Lynch,
Avis Europe, Deutsche Boerse, Citigroup, Rackspace and SurfControl.

With the addition of IXEurope to Equinix's announced expansions,
Equinix will have a total footprint of more than three million square
feet of data center space across 17 markets in the U.S., Europe and
Asia-Pacific, making it the most comprehensive, network neutral,
global service provider in the market. Equinix is targeting completion
of the transaction in mid-September 2007. The closing and its timing
are subject to the approval of IXEurope's stockholders and the UK
courts as well as satisfaction or waiver of other closing conditions.

The acquisition will allow Equinix to immediately expand into the
European market, and it will enable Equinix to provide customers with
a single-source global solution for their data center and network
connectivity services. Despite the differences of the European market
and the existence of multiple network-neutral players in the market,
this acquisition offers Equinix a variety of benefits as the company
builds upon its market leadership in the U.S. and Asia-Pacific.

According to Tier 1 Research, global demand has outpaced supply by
a factor of nearly three to one over the last 12 months. The European
supply and demand imbalance is more than double the global rate with
demand outpacing supply by a factor of more than six to one.

"The strategic acquisition of IXEurope by Equinix will solidify
Equinix's position as the world's market leading colocation provider
with high-quality data centers across the United States, Asia-Pacific
and Europe," said Steve Smith, CEO of Equinix. "Customers are
increasingly demanding global solutions as the colocation industry
continues to grow at double digit rates, and IXEurope has become one
of the top providers of colocation services in Europe, operating
high-quality data centers in key markets. Its integration into Equinix
will continue our growth and allow us to meet the increasing expansion
requirements of our global content, network and enterprise customers.
We look forward to welcoming the customers and employees of IXEurope
into Equinix."

"Since its launch in 1999, IXEurope's management has successfully
established 14 IXDatacentres in four countries (4 IXDatacentres since
its initial public offering in 2006), providing colocation services to
many blue-chip, international customers," said Guy Willner, CEO of
IXEurope. "The combination of IXEurope's European reach and
operational expertise with Equinix's existing global operations will
further extend Equinix's market leading position and allow it to
further leverage the tremendous growth opportunities that exist in the
colocation market worldwide."

The current management team, including Guy Willner, IXEurope CEO,
and Christophe de Buchet, IXEurope COO, will join Equinix and continue
to operate the European business. Equinix and IXEurope will assemble
an integration team comprised of senior managers to ensure a seamless
integration. Equinix's European regional headquarters will be located
in London.

Financial Terms of the Transaction

The acquisition and related transaction costs are being financed
out of Equinix corporate cash reserves and unsecured debt financing
under committed facilities from Citigroup.

Under the terms of the acquisition, IXEurope shareholders will
receive 125 pence, or approximately $2.50 per share in cash (at
current exchange rates), for each IXEurope share held at the Scheme
Record Time, valuing the existing issued share capital of IXEurope at
approximately GBP 241 million, or $482 million.

The Directors of IXEurope have agreed to recommend that IXEurope
shareholders vote in favor of the resolutions to approve the Offer at
the relevant shareholder and court meetings. Primary Shareholders
representing in aggregate, 120,460,826 issued IXEurope Shares,
(representing approximately 67 percent of the existing issued share
capital of IXEurope) have agreed, subject to customary limitations, to
vote in favor of the Offer at the relevant court and shareholder
meetings.

Equinix will hold an investor conference call today at 8:00 a.m.
Eastern Time (5:00 a.m. Pacific Time) to discuss the details of this
announcement. To hear the conference call, please dial 773-799-3263
(domestic and international) at 7:50 a.m. (ET) and reference the
passcode (EQIX). A simultaneous live Webcast of the call will be
available over the Internet at www.equinix.com, under the Investor
Relations heading.

A replay of the call will be available beginning on Thursday, June
28, 2007, at 11:00 a.m. (ET) through July 30, 2007 by dialing
203-369-3287. In addition, the Webcast will be available on the
company's Web site at www.equinix.com. No password is required for
either method of replay.

About Equinix

Equinix is the leading global provider of network-neutral data
centers and Internet exchange services for enterprises, content
companies, systems integrators and network services providers. Through
the company's Internet Business Exchange(TM) (IBX(R)) centers in 10
markets in the U.S. and Asia, customers can directly interconnect with
every major global network and ISP for their critical peering, transit
and traffic exchange requirements. These interconnection points
facilitate the highest performance and growth of the Internet by
serving as neutral and open marketplaces for Internet infrastructure
services, allowing customers to expand their businesses while reducing
costs.

This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ materially
from expectations discussed in such forward-looking statements.
Factors that might cause such differences include, but are not limited
to, the challenges of acquiring, operating and constructing IBX
centers and developing, deploying and delivering Equinix services;
unanticipated costs or difficulties relating to the integration of
IXEurope into Equinix; a failure to receive significant revenue from
customers in recently built out data centers; failure to complete any
financing arrangements contemplated from time to time; competition
from existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key customers;
the results of any litigation relating to past stock option grants and
practices; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In particular,
see Equinix's recent quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available upon
request from Equinix. Equinix does not assume any obligation to update
the forward-looking information contained in this press release.

Equinix and IBX are registered trademarks of Equinix, Inc.
Internet Business Exchange is a trademark of Equinix, Inc.