Arrow Electronics Named Top E-Business for Second Year in a Row.

Business/Technology Editors

MELVILLE, NY--(BUSINESS WIRE)--June 28, 2001

Arrow Electronics, Inc. (NYSE:ARW) today announced it was named a top e-business on the second annual "InternetWeek 100 E-Business Leaders" list.

"The past few months have been very exciting for Arrow's Internet initiatives," said Francis M. Scricco, President and CEO of Arrow Electronics. "We launched Arrow Digital Solutions, redesigned and re-engineered arrow.com, and now we're recognized as a top e-business by InternetWeek for the second year in a row. We are continually seeking innovative ways to provide superior service for our customers. Being acknowledged by InternetWeek is an endorsement that our efforts are succeeding."

Identifying leading e-businesses in 10 major industries, the InternetWeek 100 survey was designed to measure e-business performance and results based on: customer-oriented activities, supplier/procurement activities, integration of front and back-end systems, revenue, and operating cost reduction.

About Arrow Electronics

Arrow Electronics is the world's largest distributor of electronic components and computer products, with 2000 sales of $13 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 200,000 original equipment manufacturers, contract manufacturers, and commercial customers through more than 225 sales facilities and 23 distribution centers in 39 countries. Detailed information about Arrow's operations can be found at www.arrow.com.