Avnet Memec and Luminary Micro Sign Distribution Agreement

Business Wire, June 5, 2008

PHOENIX -- Avnet Memec, a specialty semiconductor division of Avnet Electronics Marketing - an operating group of Avnet, Inc. (NYSE: AVT) - and Luminary Micro, Inc. have inked a distribution franchise agreement. Luminary Micro's industry-leading 32-bit Stellaris[R] ARM[R] Cortex[TM]-M3-based microcontrollers are now available from Avnet in North America and selected regions in Europe.

Luminary Micro offers a broad line of mixed-signal microcontrollers with specialized capabilities for energy, security and connectivity market applications. Luminary Micro products provide unique Internet Protocol (IP) for motion control applications, real-time connectivity, intelligent analog functionality and power conservation.

"Avnet Memec is a well-established global electronics distributor. They bring a wealth of engineering capability, demand creation and fulfillment expertise, and deep local market knowledge. We look forward to a productive, long-term relationship with Avnet Memec," said Arline Nieder, vice president of sales for Luminary Micro.

As the first company to introduce Cortex-M3-based microcontrollers to the market, Luminary Micro provides a cost-effective way for designers to upgrade system architectures by utilizing 32-bit performance for the same price as an 8- or 16-bit microcontroller.

"This technology offers customers a tremendous cost and time saving alternative when designing with embedded microcontrollers," said Phil Sansone, senior vice president of Avnet Memec. "Luminary Micro is a great addition to the Avnet Memec line card - offering the world's largest selection of ARM-based microcontrollers, allowing for standardization that eliminates future architectural upgrades or software tools changes. Together with the Stellaris family's superior performance, this translates to a significantly faster time to market for our customers."

For more information, please visit: www.em.avnet.com/ www.LuminaryMicro.com.

About Luminary Micro and Stellaris

Luminary Micro, Inc. designs, markets and sells ARM Cortex-M3-based microcontrollers (MCUs). Austin, Texas-based Luminary Micro is the lead partner for the Cortex-M3 processor, delivering the world's first silicon implementation of the Cortex-M3 processor. Luminary Micro's introduction of the award-winning Stellaris[R] family of products provides 32-bit performance for the same price as current 8- and 16-bit microcontroller designs, providing entry-level pricing at $1.00 for an ARM technology-based MCU. Stellaris mixed-signal microcontrollers contain specialized capabilities for applications in energy, security and connectivity markets. With the world's largest selection of ARM-based microcontrollers, Luminary Micro's Stellaris family allows for standardization that eliminates future architectural upgrades or software tools changes.

About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com.

About Avnet

Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products, and technology services and solutions, with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain, and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com.

Stellaris and the Luminary Micro logo are registered trademarks of Luminary Micro, Inc. or its subsidiaries in the United States and other countries. All other brands or product names are the property of their respective holders.