SAVVIS and Reuters Reach New Agreement

SAVVIS Communications (NASDAQ: SVVS), a leading global managed IP services provider, and Reuters, the global information company, have agreed for SAVVIS to sell its St. Louis data center to Reuters for $35 million, with SAVVIS leasing back, on attractive financial terms, one-third of the center for 10 years. Reuters has also agreed to award certain bid preferences to SAVVIS, and SAVVIS in turn has agreed to reduce Reuters minimum purchase commitments under the party’s existing network services agreement.

As a result of this action, SAVVIS will further strengthen its balance sheet, using $12.9 million of the proceeds of the sale to reduce its debt to approximately $50 million. This sale also facilitates SAVVIS’ ability to pursue additional strategic investments, such as the recently announced agreement to take over Intel Online Services’ hosting assets, which resulted in SAVVIS’ expanding its hosting footprint to 7 worldwide centers and significantly increasing its hosting customer base by approximately $24 million in annual revenue over the past 6 months.

In addition, Reuters will award new business to SAVVIS when it is not inconsistent with Reuters existing contractual arrangements and when SAVVIS is competitive with third party bids. Such new business would expand the volume and scope of services SAVVIS currently provides Reuters.

Commenting on the new agreement, Rob McCormick, Chairman and CEO of SAVVIS, said, “We are pleased to reach this agreement between SAVVIS and Reuters. In the short term, the data center transaction is a win-win for both companies: SAVVIS retains all the space it needs in a state-of-the-art center from which we will continue to deliver our award-winning managed hosting services, and we receive $35 million in cash. Reuters, on the other hand, achieves its goal of centralizing network support operations in this top facility in St. Louis. This 100,000 square foot center was initially built to the most stringent requirements for financial services applications, so it is well suited to Reuters’ purposes and is an excellent venue for both current and future SAVVIS clients.”

The parties expect to finalize the transaction by the end of June.

About SAVVIS
SAVVIS Communications (NASDAQ: SVVS) is a leading managed services provider that delivers IP VPNs (virtual private networks), hosting, and application services to businesses. SAVVIS solutions are designed for industries with demanding information technology requirements including legal, media, retail, professional services, healthcare, manufacturing, and financial services.

Known as The Network that Powers Wall StreetSM, SAVVIS was ranked #3 in IP VPN market share by IDC in its 2003 report, trailing only AT&T and WorldCom, and its network reliability was declared "perfect" in Network World magazine's groundbreaking study of backbone performance. SAVVIS' managed hosting services were awarded the Service Provider Excellence Award by Boardwatch magazine for its virtualized approach to managed hosting and the Market Engineering Award from Frost & Sullivan for product differentiation and innovation.

For more information about SAVVIS' Intelligent IP NetworkSM and managed hosting solutions, visit: http://www.savvis.net.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although SAVVIS believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, there can be no assurance that its expectations will be attained. Certain factors that could cause actual results to differ materially from SAVVIS' expectations are set forth as risk factors in SAVVIS' SEC reports and filings, including its annual report on Form 10-K for the year ended December 31, 2002, as filed with the Securities and Exchange Commission on February 28, 2003. Many of these factors are beyond SAVVIS' ability to control or predict. Forward-looking statements are not guarantees of performance. For forward-looking statements herein, SAVVIS claims the protection of the safe harbor for forward- looking statements contained in the Private Securities Litigation Reform Act of 1995. SAVVIS assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.