Black Box Corporation Announces Stock Repurchase Plan; Will Continue Merger/Acquisition Program.

PITTSBURGH--(BUSINESS WIRE)--March 31, 1999--Black Box Corporation (Nasdaq:BBOX) announced today that it will repurchase up to one million shares of the Company's stock, or approximately 5% of the outstanding shares. The purchases are expected to take place over the next twelve months. The shares will be purchased in the open market from time to time at prevailing market prices or in privately negotiated transactions.

Commenting on the repurchase plan, Fred C. Young, Chief Executive Officer of Black Box Corporation, said, "We believe our stock is currently undervalued in the market. This repurchase plan represents one more attractive use of our capital to enhance long-term shareholder value."

Mr. Young went on to say, "We will continue our aggressive roll-out of technical support services through mergers, even though repurchasing our stock precludes us from recording future mergers under pooling-of-interests accounting for a couple of years. The accretive benefits of repurchasing our shares more than offsets the difference in earnings per share when we compare a pooling versus purchase transaction."

Black Box is a leading worldwide technical service provider of communications and networking services and related products to businesses of all sizes, operating in 77 countries throughout the world.