Arrow Electronics to Initiate Previously Announced Share Repurchase Program.

-- Repurchase to Offset Option Dilution --

MELVILLE, N.Y. -- Arrow Electronics, Inc. (NYSE:ARW) announced today that they expect to initiate share repurchases in the second quarter under their previously announced buyback program. In 2006, the company announced the approval by its board of directors of a program to repurchase up to $100 million of common stock. The company has entered into a Rule 10b5-1 plan to facilitate repurchases under the program.

The share repurchase program was authorized for the purpose of replenishing some of the shares of common stock issued upon the exercise of stock options. The objective of the program is to minimize earnings per share dilution caused by the issuance of such shares. As such, the company expects to finance the repurchases with cash received from the exercise of options in the previous quarter.

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and computer products. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of 260 locations in 55 countries and territories.