Avnet Inc. Chairman Speaking at the Thomas Weisel Partners "Growth Forum 3.0".

Business Editors/High-Tech Writers

PHOENIX--(BUSINESS WIRE)--June 26, 2001

Roy Vallee, chairman and chief executive officer of Avnet Inc. (NYSE:AVT) will be speaking at the Thomas Weisel Partners "Growth Forum 3.0" in Santa Barbara, Calif. on Tuesday, June 26, 2001.

Vallee will begin his presentation at 11:45 am (Pacific 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 homepage 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 homepage of Avnet's web site.

If you have any questions, please contact Lillie Scarna, manager of shareholder services, at 480/643-7291 or [e-mail]

Phoenix-based Avnet Inc., a Fortune 300 company with sales of $12.3 billion during its most recent four quarters, is one of the world's largest distributors of semiconductor, interconnect, passive and electromechanical components and computer products from the industry's leading manufacturers.

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