Arrow Electronics Receives Adverse Opinion in Bankruptcy Proceeding

Business Wire, March 10, 2008

MELVILLE, N.Y. -- Arrow Electronics, Inc. (NYSE:ARW) announced that an opinion has been rendered in a bankruptcy proceeding (Bridge Information Systems, et. anno v. Merisel Americas, Inc. & MOCA.) in favor of Bridge Information Systems ("Bridge"), the estate of a former Global Enterprise Computing Solutions ("ECS") customer that declared bankruptcy in 2001. The proceeding is related to sales made by the MOCA division of ECS in 2000 and early 2001.

The administrator of the Bridge estate had sought the return of approximately $24.0 million plus interest with respect to allegedly preferential payments made to MOCA, a company Arrow purchased from Merisel Americas in the fourth quarter of 2000, shortly before Bridge declared bankruptcy. In the opinion, the Bankruptcy Court found that a total of $12.5 million of the payments received were preferential, and must be returned to Bridge.

Arrow intends to continue to defend its position through post-trial motions and an appeal if necessary. This amount will be accrued in the first quarter of 2008 and therefore impact the comparability of the company's results.

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, New York, Arrow serves as a supply channel partner for approximately 700 suppliers and 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 300 locations in 50 countries and territories.

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