Brightpoint Sells Remaining 50% Interest in Brightpoint China.

Business Editors/Technology Writers

INDIANAPOLIS--(BUSINESS WIRE)--April 29, 2002

Brightpoint, Inc. (NASDAQ:CELL) announced that, through certain of its subsidiaries, it has completed the sale of its remaining 50% interest in Brightpoint China Limited ("Brightpoint China") to Chinatron Group Holdings Limited ("Chinatron"). Pursuant to this transaction, Brightpoint received additional preference shares in Chinatron with a face value of US$11 million. In total, Brightpoint now holds Chinatron preference shares with a face value of US$21 million that are convertible into Chinatron ordinary shares equaling a 19.9% interest in Chinatron. The Company currently estimates that its aggregate amount of Chinatron preference shares have a fair value of approximately US$10 million. The Company expects to report a US$8.5 million non-cash, non-recurring charge in the first quarter of 2002 relating to the disposition of its China operations.

Concurrent with the completion of this transaction, US$10 million of cash which had been pledged by a subsidiary of the Company to support a letter of credit used by Brightpoint China has been released and is now unrestricted.

Chinatron is a Hong Kong-based company that invests, owns and manages a range of businesses in the Greater China market with a specific focus on wireless data services. Brightpoint China distributes wireless communication products in the People's Republic of China manufactured by leading wireless technology companies such as Nokia, Ericsson and Novatel.

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 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 and Exhibit 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 uncertain supply and demand characteristics of the China market and of the emerging wireless data industry, the ability of Chinatron and Brightpoint China to acquire demanded products on favorable terms and conditions; the ability of Chinatron and Brightpoint China to obtain adequate financing for the requirements of the business; business conditions and growth in the China market, including currency, economic and political risks of operating in the China market and financial risk management. Readers are cautioned not to place undue reliance on these forward-looking statements that 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.