AVX Recognized as One of the World's 100 Best Information Technology Companies.

Business Editors/High Tech Writers

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--July 10, 2000

AVX Corporation (NYSE:AVX), a leading manufacturer of electronic components, has been listed in Business Week's Information Technology Annual Report of the world's 100 best performing information technology companies.

Business Week, a United States publication with a circulation of 5.1 million readers worldwide, has published three Information Technology Reports. On the latest report, AVX is recognized for their electronic components, "used in nearly every digital device, from cell phones to handheld computers." For a company to qualify, they must have revenues of at least $300 million and are ranked on the following four criteria: shareholder return, return on equity, revenue growth and total revenues.

AVX, with revenues of over 1.6 billion dollars, offers a wide range of products from ceramic and tantalum capacitors, resistors, circuit protection and timing devices to connectors.

"We are very pleased to be recognized by a publication like Business Week," said Craig Hunter, Strategic Marketing Manager for AVX Corporation. "Their Information Technology 100 Report is an interesting comparison of the world's top high tech businesses. I consider it an honor to be ranked as the highest broad line passive component manufacturer."

AVX Corporation is a leading international electronic supplier of components with worldwide manufacturing facilities. Offering the world's broadest selection of passive electronic components, AVX is publicly traded on the New York Stock Exchange (NYSE:AVX). For further information on AVX, visit http://www.avxcorp.com on the web.