Newsroom Press Release

12. Januar 2005

Equinix Announces Conversion of i-STT Notes

Foster City, CA — January 12, 2005 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, announced today that it has converted 95%, or an aggregate of approximately $38 million, of the outstanding A-1 Notes held by i-STT into shares of Equinix Series A-1 preferred stock, effective January 1, 2005. The Series A-1 preferred stock converts into Equinix common stock on a 1 to 1 basis.

The remaining 5%, or approximately $2 million, Series A-1 Notes that remain outstanding will be eligible for conversion by Equinix in early 2006 provided that certain conditions are met.

Vorausschauende Aussagen

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.