Dimension Data Makes Counter Offer for Proxicom

Business Wire, May 9, 2001

Business Editors/Hi-Tech Writers

MCLEAN, Va.--(BUSINESS WIRE)--May 9, 2001

On May 7th, 2001, Dimension Data Holdings plc made a competing offer to acquire all the shares of Proxicom, Inc at $7.50 per share, a 30% premium to the offer made by Compaq Computer Corporation.

Following a thorough analysis and detailed due diligence review of Proxicom, Dimension Data believes that Proxicom is an ideal fit to enhance its e-business integration model.

The attached information provides a clearer insight into Dimension Data's current global capability and forward strategy.

For further details, telephone briefings are available with Jeremy Ord, Executive Chairman, Malcolm Rutherford, Finance Director and Richard Came, Strategic Director. Please contact any one of the following if you would like to arrange a briefing:

Louise Taylor      44 207 659 1600  or louise.taylor@uk.didata.com
Samantha Presbury  27 11 709-1292   or samantha.presbury@za.didata.com
Chris Wolff       508-620-1800 x-444, cell: 781-929-0307
                                       or chris.wolff@didata.com.

THIS DOCUMENT IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SECURITIES. DIMENSION DATA HOLDINGS PLC HAS NOT YET COMMENCED ANY TENDER OFFER BASED ON THE PROPOSAL DESCRIBED IN THIS PRESS RELEASE. ANY TENDER OFFER WILL BE MADE ONLY THROUGH AN OFFER TO PURCHASE AND RELATED LETTER OF TRANSMITTAL.

INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE TENDER OFFER STATEMENT, IF AND WHEN SUCH DOCUMENT IS FILED AND BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. ANY SUCH TENDER OFFER STATEMENT WOULD BE FILED BY DIMENSION DATA HOLDINGS PLC WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC).

INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT (IF AND WHEN FILED AND AVAILABLE) AND OTHER RELEVANT DOCUMENTS ON THE SEC'S WEB SITE AT: HTTP://WWW.SEC.GOV. ANY SUCH TENDER OFFER STATEMENT AND RELATED MATERIALS MAY ALSO BE OBTAINED FOR FREE BY DIRECTING SUCH REQUESTS TO DIMENSION DATA HOLDINGS PLC AT 011-44-0793-2020-296.

THIS DOCUMENT CONTAINS FORWARD-LOOKING STATEMENTS THAT ARE BASED ON DIMENSION DATA HOLDINGS PLC'S CURRENT EXPECTATIONS, ESTIMATES AND PROJECTIONS. WORDS SUCH AS "EXPECTS," "ANTICIPATES," "FORECASTS," "INTENDS," "PLANS," "BELIEVES," "PROJECTS," AND "ESTIMATES," AND VARIATIONS OF SUCH WORDS AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS.

THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES AND ARE BASED ON A NUMBER OF ASSUMPTIONS THAT COULD ULTIMATELY PROVE INACCURATE AND, THEREFORE, THERE CAN BE NO ASSURANCE THAT THEY WILL PROVE TO BE ACCURATE. ACTUAL RESULTS AND OUTCOMES MAY VARY MATERIALLY FROM WHAT IS EXPRESSED OR FORECAST IN SUCH STATEMENTS.

AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY ARE, WITHOUT LIMITATION, CHANGES IN COMPETITIVE OR ECONOMIC CONDITIONS AFFECTING THE E-BUSINESS INTEGRATION INDUSTRY, PENDING OR FUTURE LITIGATION, CHANGES IN CURRENT LAWS AND REGULATIONS, AND GENERAL DOMESTIC AND INTERNATIONAL ECONOMIC AND POLITICAL CONDITIONS.

DIMENSION DATA HOLDINGS PLC UNDERTAKES NO OBLIGATION TO UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

Dimension Data Holdings Plc

Key Facts:

-- Dimension Data is a leading global network services and interactive commerce
solutions provider.

-- The Group employs over 12,000 people in over 30 countries on six continents.


-- Dimension Data raised $1.4 billion in London last year and ranks 65 on the
London Stock Exchange FTSE 100 Index

-- Fueled by the acquisition and integration of six networking and e-business
companies headquartered in Massachusetts, Maryland, New Jersey, New York and
North Carolina, Dimension Data is now the largest independent network services
integrator in the U.S. with annualized revenues approaching $600 million and
800 employees.

-- Sales last year amounted to US$1.9 billion with $319 million in sales from
interactive commerce.

-- The company has achieved a three-year compound annual growth rate in U.S.
dollars of 73% in revenue and 36% in basic earnings per share.

-- Dimension Data has a blue chip client list including: Citibank, Charles
Schwab, Accenture, Deutsche Bank, Virgin Mobile, Toyota, Telewest, Telstra and
Cap Gemini Ernst & Young.

-- As a result of its best-in-class approach Dimension Data has earned such
highly coveted certifications as Cisco Global Support, Gold, Oracle Certified
Solution and Sun Microsystems Enterprise Elite National Partner.

A Strategic Approach to Growth

Dimension Data is a rapidly expanding global connectivity and integration services Group, operating in over 30 countries on 6 continents. Founded in 1983 as a specialty supplier of networking technology and services, the Group's strategy has evolved alongside the emergence of the intelligent network as the single most important enabler in business today.

Complete connectivity and integration are fundamental components to achieving success in the global market place. Historically, information technology integrators have focused on either network infrastructure or applications integration. Dimension Data is already a world leader in providing network infrastructure solutions to global corporations.