Tech Data Corporation Announces $100 Million Share Repurchase Program

Business Wire, June 4, 2008

CLEARWATER, Fla. -- Tech Data Corporation (NASDAQ:TECD), a leading distributor of IT products, announced today that its Board of Directors has authorized an additional $100 million share repurchase program. Over the last three years, the company has completed $300 million in share repurchases.

"The Board's authorization of an additional $100 million share repurchase program reflects our continued confidence in Tech Data's growth opportunities and our commitment to enhancing shareholder value," said Robert M. Dutkowsky chief executive officer, Tech Data Corporation. "We continue to consider a variety of strategic alternatives when investing in our business like the recent acquisition of certain Scribona AB assets in the Nordics. Our strong balance sheet enables Tech Data to engage in a share repurchase program while continuing to strategically invest in our operations for long-term success in the marketplace."

The company's share repurchases will be made on the open market, through block trades or otherwise. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors, including alternative investment opportunities. The company intends to hold the repurchased shares in treasury for general corporate purposes.

Forward-Looking Statements

Certain matters discussed in this news release are forward-looking statements, based on the company's current expectations that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include the following: intense competition both domestically and internationally; narrow profit margins; dependence on information systems; potential adverse effects of acquisitions; exposure to natural disasters, war and terrorism; dependence on independent shipping companies; potential impact of labor strikes; risk of declines in inventory value; product supply and availability; changes in vendor terms and conditions; loss of significant customers; credit exposure due to the deterioration in the financial condition of our customers; the inability to obtain required capital; fluctuations in interest rates; foreign currency exchange risks and exposure to foreign markets; the impact of changes in income tax and other regulatory legislation; changes in accounting rules; and the volatility of common stock. Additional discussion of these and other factors affecting the company's business and prospects is contained in the company's periodic filings with the Securities and Exchange Commission, copies of which can be obtained at the company's Investor Relations website at www.techdata.com. All information in this release is as of June 4, 2008. The company undertakes no duty to update any forward-looking statements herein to actual results or changes in the company's expectations.

About Tech Data

Tech Data Corporation (NASDAQ GS: TECD) is one of the world's largest distributors of technology products from leading IT hardware and software producers. Tech Data serves more than 100,000 IT solution providers in over 100 countries. Every day, these value-added resellers depend on Tech Data to cost-effectively support the technology needs of end users, including small and medium businesses (SMB), large enterprises and government agencies. Ranked 105th on the FORTUNE 500(R), Tech Data generated $23.4 billion in net sales for its fiscal year ended January 31, 2008. To learn more, visit www.techdata.com.