Avnet Named as One of Forbes' Largest Global Companies

Business Wire, May 5, 2008

Only Technology Distributor in Top 1000

PHOENIX -- Avnet, Inc. (NYSE:AVT), a global technology marketing, distribution and services company, has joined the ranks of the world's 1000 largest companies as reported by Forbes magazine, which debuted its Global 2000 list in 2004. Moving up from #1040 in 2007 to #949 in 2008, the Forbes Global 2000 are public companies with the top composite scores based on their rankings for sales, profits, assets and market value.

"In the last decade Avnet has emerged as the global leader in technology distribution," said Avnet Chairman and CEO Roy Vallee. "Making it into Forbes' top 1000, which is based on several important financial metrics and not just sales, further demonstrates that we are leading our industry in the value delivered to our key constituents-customers, suppliers, employees and shareholders. There's no doubt that we've been able to grow profitably based on the contributions and hard work of our talented and dedicated employees around the globe, and I want to sincerely congratulate them on this rewarding recognition. I'm very proud of the fact that we were the only technology distributor to make it into the top 1000."

For more information about the Forbes Global 2000, please visit www.forbes.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.