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Following today’s upgrade and the recent upgrade by Fitch Ratings of Global Switch’s
rating to BBB+ from BBB, Global Switch becomes the highest credit rated data centre
company in the world. Only one other major provider has achieved an investment grade
rating.

The further upgrade to Global Switch’s already strong investment grade rating is
testament to the Company’s consistent track record of delivery and its high quality
portfolio of multi-tenant, carrier-neutral data centres in seven global financial
and business centres. In upgrading Global Switch to Baa2 from Baa3, Moody’s
recognises the Company’s commitment to its highly focused investment strategy as
well as its conservative approach to leverage and development. Moody’s also observes
Global Switch’s consistent track record and continued expectation of strong demand
for its services, supported by assets in irreplaceable locations, with high
occupancy and long term leases.

Moody’s upgrade follows soon after the announcement that the assessment of Global
Switch’s liquidity has been revised to "strong" from "adequate" by Standard and
Poor’s. The credit rating was affirmed by Standard and Poor’s at BBB with a stable
outlook. The short-term credit rating was also affirmed at A-2.

All three of the major rating agencies have now completed their annual review of
Global Switch’s business, including thoroughly assessing its financial, commercial,
leadership and operational characteristics, with the upgrades resulting in the
strongest investment grade credit ratings in the sector globally.

All data centre customers pay close attention to the credit rating of their data
centre provider because it offers guidance on the business and financial strength of
the company, the average duration of its debt and its ability to expand its
facilities with either its own resources or by raising new finance.