Brightpoint Repurchases Convertible Bonds Under Previously Announced Plan.

Business & High-Tech Editors

INDIANAPOLIS--(BUSINESS WIRE)--Nov. 13, 2000

Brightpoint, Inc. (NASDAQ:CELL) announced today that it has repurchased 85,500 of its convertible, subordinated, zero-coupon bonds due 2018 ("Bonds"). The repurchases were made under a previously announced (October 30, 2000) plan approved by its board of directors which allows the Company to repurchase up to 130,000 of the Bonds. The Bonds, which have an accreted book value of approximately $500 per Bond, were repurchased at an average cost of $310 per Bond. Under the approved plan, the Company may, but is not required to, continue its repurchases up to an additional 44,500 Bonds.

Prior to any repurchase, the Company had 380,000 Bonds outstanding with a total accreted book value of $190 million at September 30, 2000. Each Bond converts, at the holder's option, into 19.109 shares of the Company's common stock. On November 10, 2000, the closing price of the common stock was $6.47 per share. Interest on the Bonds accretes at 4% per annum. Bondholders have a right to put the Bonds to the Company in certain circumstances, including but not limited to, the fifth anniversary of their issuance (March 11, 2003), as well as on the tenth and fifteenth anniversaries. The put price on March 11, 2003 is $552.07 per Bond.

Brightpoint, Inc. is a leading provider of outsourced services in the global wireless telecommunications and data industry. Brightpoint's innovative services include contract manufacturing, customized packaging, prepaid and e-commerce solutions, inventory management, distribution and other outsourced services. Brightpoint's customers include leading network operators, e-tailers, retailers and wireless equipment manufacturers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Information line at 877-IIR-CELL (877-447-2355).

Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents the Company files, from time to time, with the Securities and Exchange Commission; specifically, Brightpoint's most recent Form 10-K, Form 10-Q and Exhibits 99, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. These risk factors include, without limitation, the ability of the Company to complete the repurchases and contemplated under the Plan, the adequacy of the Company's working capital to complete the repurchases overall market conditions for the Bonds. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.