Avnet Inc. Chairman Speaking at the Goldman Sachs ``Technology Investment Symposium''.

Business Editors/High-Tech Writers

PHOENIX--(BUSINESS WIRE)--Jan. 31, 2002

Roy Vallee, chairman and chief executive officer of Avnet Inc. (NYSE:AVT), will be speaking at the Goldman Sachs "Technology Investment Symposium" on Monday, Feb. 4, 2002 in Palm Springs, Calif.

Vallee will begin his presentation at 4 p.m. PST (7 p.m. Eastern Time).

If you are interested in listening to Vallee's remarks, an audio broadcast of the meeting will be available on the Investor Relations homepage of the Avnet Inc. Web site, http://www.avnet.com/corporate/investors/calendar.html. A replay will be archived on the Investor Relations home page of the company's Web site http://www.avnet.com.

Management of Avnet Inc. may, from time to time, comment on expectations relative to Avnet's future financial performance during discussions with investors, the media, investment analysts, and others.

To the extent management's expectations differ during those discussions from the comments made by management, such new expectations will be posted on the Investor Relations home page of Avnet's Web site.

If you have any questions, please contact Becky McMaster at 480/643-7294 or by e-mail at [e-mail].

Phoenix-based Avnet Inc., a Fortune 500 company, is one of the world's largest distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded sub-systems from leading manufacturers.

Serving customers in 63 countries, Avnet markets, inventories and adds value to these products and provides world-class supply-chain management and engineering services. Avnet's Web site is located at www.avnet.com.