Dimension Data Holdings Plc completes acquisition of Proxicom, Inc.

Issued by Dimension Data Holdings for Dimension Data South Africa
Johannesburg, 22 Jun 2001

Dimension Data Holdings plc ("Dimension Data") announced today the successful completion of its acquisition of Proxicom, Inc. ("Proxicom"). Dimension Data completed the acquisition on June 19, 2001 by merging its indirect wholly-owned subsidiary Putter Acquisition Corp. with and into Proxicom, with Proxicom continuing as an indirect wholly-owned subsidiary of Dimension Data. The merger followed the cash tender offer by Putter Acquisition Corp. for all outstanding shares of Proxicom at $7.50 per share.

Pursuant to the tender offer, Putter Acquisition Corp. purchased shares representing approximately 96.3% of outstanding common stock of Proxicom.

In the merger, each outstanding share of common stock of Proxicom not previously purchased in the tender offer was converted into the right to receive the same $7.50 per share cash price paid in the tender offer. Dimension Data and Proxicom announced the terms of the tender offer and the merger on May 11, 2001.

Dimension Data

Dimension Data Holdings plc is a leading global network services and i-Commerce solutions provider, focused on enabling enterprises, telecommunications service providers and new economy companies to communicate and transact effectively in an e-enabled environment. Listed on the London Stock Exchange, Dimension Data is a constituent of the FTSE 100 index. The Group operates in over 30 countries on six continents. It has achieved a three-year compound annual growth rate in US dollars of 73% in revenue and 36% in basic earnings per share. For more information, please go to www.didata.com.

Proxicom

Proxicom, Inc. is a leading e-business consulting and development company that delivers innovative Internet and multi-channel solutions for Global 1000 companies and other global businesses. The company`s 1,000 strategy, creative and technology professionals provide specialized e-business development expertise for the following global practices: Automotive and Manufacturing, Communications and High Tech, Consumer Goods and Retail, Energy, Financial Services, Media and Entertainment and Service Industries. Founded in 1991, Proxicom has developed and built e-businesses for such blue-chip companies as America Online, General Electric, General Motors, Merrill Lynch, Marriott International, NBC, and Toyota Motor Sales, USA, among many others. With its headquarters in Reston, Va., Proxicom has offices in Boston, Chicago, Houston, London, Los Angeles, Munich, New York, Paris, Rome, San Francisco, and Sausalito, Calif. For more information, please visit www.proxicom.com. As of March 31, 2001, Proxicom had net assets of $148 million and profits before taxation for the year ended December 31, 2000 of $4.6 million.

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