Brightpoint Announces Courts Approval of Settlement and Dismissal of Shareholder Lawsuits.

Business Editors

INDIANAPOLIS--(BUSINESS WIRE)--July 18, 2003

Brightpoint, Inc. (NASDAQ:CELL) announced today that the courts have approved the settlements referred to in the Company's press release dated April 30, 2003, and have dismissed all pending shareholder related litigation against the Company and others, including its current and former officers and directors.

Today, the United States District Court for the Southern District of Indiana has approved the settlement and dismissal of the class action filed in the United States District Court for the Southern District of Indiana, consolidated under the caption In re Brightpoint Securities Litigation. On July 2, 2003, the Marion Circuit Court, Indianapolis, Indiana approved the settlement and dismissal of the shareholder derivative action entitled Nora Lee v. Robert J. Laikin, et al., filed in the Marion Circuit Court, Indianapolis, Indiana.

Brightpoint is one of the world's largest distributors of mobile phones. Brightpoint supports the global wireless telecommunications and data industry, providing quickly deployed, flexible and cost effective third party solutions. Brightpoint's innovative services include distribution, channel management, fulfillment, eBusiness solutions and other outsourced services that integrate seamlessly with its customers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).