The Directors of NEXTDC Limited (ASX:NXT) ("the Company" or "NEXTDC") are pleased to advise that the Company has entered into a non-binding heads of agreement to acquire a new data centre site in Northern Sydney. A formal contract is expected to be executed by both parties within next 7 days.

Subject to completing a satisfactory due diligence process, the Board anticipates completion of the acquisition by end April 2011.

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