Avnet, Inc. - Avnet Enters IT Distribution Business in Turkey through Joint Venture

Establishes Platform to Grow Value-Added Services

PHOENIX, Dec. 22, 2008 -- Avnet, Inc. (NYSE:AVT) appear today that it has entered into a collective adventure acceding with Sanko Holding Group in Turkey. Under the agreement of the agreement, Avnet will access a 50.01 percent absorption of the collective venture, which will cover the operations of Akora Technology and Industry Corporation (Akora), a Sanko accessory company, authoritative the collective adventure one of the better IT distributors in Turkey. Founded in 2001, Akora distributes servers, storage, workstations and computer apparatus to about 3,000 resellers throughout Turkey. The transaction, which is accountable to government approval, is accepted to abutting in the next few weeks. The collective venture, Avnet Technology Solutions Sanayi ve Ticaret A.S., will become allotment of the operations of Avnet Technology Solutions Europe, Middle East and Africa (EMEA).

John Paget, admiral of Avnet Technology Solutions, Global, commented, "This investment represents addition important footfall in our action to aggrandize into arising markets, area the appeal for IT solutions offers agitative opportunities for Avnet to add amount and advanced growth. The operations of Akora accommodate an accomplished belvedere to aggrandize our action IT solutions brand into the Turkish IT market, which is projected to abound at a double-digit amount over the next several years. With Akora's accomplished administration team, all-encompassing reseller relationships, and systems and acumen basement already in place, we plan to body on our all-around supplier relationships and solutions practices to abound a value-added administration business that offers a abounding ambit of abstruse and business solutions."

From its address in Istanbul and sales offices in Ankara and Izmir, Akora provides a portfolio of IT articles from arch suppliers, including HP and IBM. In agenda 2007, Akora's acquirement was about US$127 million. The transaction is accepted to be anon accretive to balance and supports Avnet's abiding acknowledgment on basic goals.

Dick Borsboom, admiral of Avnet Technology Solutions, EMEA, added, "Avnet Technology Solutions Sanayi ve Ticaret A.S. will be focused on accretion the portfolio to cover added technologies, such as action infrastructure, storage, networking, aegis and virtualization."

Forward-looking statements
This columnist absolution includes assertive advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as adapted and Section 21E of the Securities Exchange Act of 1934, as amended. These statements chronicle to approaching business and/or banking success or the business angle and represent the Company's acumen as of the date of this release. Risk and uncertainties that may materially affect the absolute after-effects are declared from time to time in Avnet's SEC filings, including the Company's letters on Form 10-K, Form 10-Q and Current Reports on 8-K.

About Avnet
Avnet, Inc. (NYSE:AVT), a affluence 500 Company, is one of the better distributors of cyberbanking components, computer articles and anchored technology confined barter in added than 70 countries worldwide. Avnet accelerates its partners' success by abutting the world's arch technology suppliers with a ample abject of added than 100,000 barter and accouterment cost-effective, value-added casework and solutions. For the budgetary year concluded June 28, 2008, Avnet generated acquirement of $17.95 billion. For added information, appointment www.avnet.com. (AVT_IR)

Visit Avnet's Investor Relations Website at www.ir.avnet.com or acquaintance us at investorrelations@avnet.com.

For added information, amuse contact:

Media Contact - Avnet Technology Solutions, EMEA:
Kirsten Klatt
European Communications Director
Tel.: +49 (0) 2153-733 328

Media Contact - Avnet, Inc.:
Michelle Gorel
Vice President, Public Relations
(480) 643-7653
michelle.gorel@avnet.com

Investor Relations Contact:
Vincent Keenan
Vice President, Investor Relations
(480) 643-7053
vincent.keenan@avnet.com

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