Arrow Electronics Comments On Third Quarter Results; Schedules Third Quarter Earnings Release and Conference Call.

Business Editors

MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 8, 2002

Arrow Electronics, Inc. (NYSE:ARW) today announced that sales for the seasonally weak third quarter are estimated to be $1.8 billion, down approximately 2% from the second quarter.

Accordingly, results from operations for the quarter ended September 30, 2002 are currently expected to be around break-even, with a likely range from a loss of $.02 per share to a gain of $.02 per share (excluding an extraordinary charge of $.12 per share associated with the previously-announced retirement of bonds due in the fourth quarter of 2003).

Arrow announced that it will report third quarter 2002 earnings on Thursday, October 24, and will host a conference call to discuss the earnings at 1:00 PM Eastern time on the same day.

In order to participate in the call, participants in the U.S. should dial: 877-715-5318. International participants should dial: 973-582-2788. Please ask for the Arrow Electronics call with Robert Klatell.

A replay of the call will be available starting at 6:00 PM Eastern time on October 24 and continuing through 6:00 PM on October 31, 2002. The replay numbers are: 877-519-4471 (domestic) and 973-341-3080 (international). The access code is 3534560.

Arrow Electronics is one of the world's largest distributors of electronic components and computer products and a leading provider of services to the electronics industry. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and over 175,000 original equipment manufacturers, contract manufacturers, and commercial customers through more than 200 sales facilities and 23 distribution centers in 40 countries. Detailed information about Arrow's operations can be found at www.arrow.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This press release contains forward-looking statements that are subject to certain risks and uncertainties which could cause actual results or facts to differ materially from such statements for a variety of reasons including, but are not limited to: industry conditions, changes in product supply, pricing, and customer demand, competition, other vagaries in the computer and electronic components markets, changes in relationships with key suppliers and the other risks described from time to time in the company's reports to the Securities and Exchange Commission (including the company's Annual Report on Form 10-K). Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any forward-looking statements.