Avnet Inc. Annual Meeting of Shareholders — Nov. 29, 2001

Business Wire, Nov 21, 2001

Business Editors & High-Tech Writers

PHOENIX--(BUSINESS WIRE)--Nov. 21, 2001

The Avnet Inc. (NYSE:AVT) Annual Meeting of Shareholders will be held on Thursday, Nov. 29, 2001 at 2 p.m. (Phoenix Time) at the Wyndham Buttes Resort, 2000 Westcourt Way, Tempe, AZ 85282.

For those shareholders unable to attend the meeting, a teleconference of the meeting will be available as follows:

-- Date: Thursday, Nov. 29, 2001

-- Time: 4 p.m. ET / 3 p.m. CT / 2 p.m. MT / 1 p.m. PT

-- Phone: 719/457-2657

Individuals who do not have an opportunity to participate in the teleconference can access the replay approximately 2-3 hours after the call ends. The replay will be available until Friday, Dec. 7, 2001.

-- Replay No.: 719/457-0820

-- Confirmation No.: 744717

Management of Avnet Inc. may, from time to time, comment on expectations relative to Avnet's future financial performance during discussions with investors, the media, investment analysts, and others.

To the extent management's expectations differ during those discussions from the comments made by management, such new expectations will be posted on the Investor Relations home page of Avnet's Web site.

If you have any questions, please contact Lillie Scarna, Manager of Shareholder Services, at 480/643-7291 or lillie.scarna@avnet.com.

Phoenix-based Avnet Inc., a Fortune 500 company, is one of the world's largest distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded sub-systems from leading manufacturers.

Serving customers in 63 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain management and engineering services. Avnet's Web site is located at www.avnet.com.