July 7, 2005 - Celestica Recognizes Avnet Electronics Marketing and Memec with 2004 Partners in Performance Awards

PHOENIX -- Global electronic components distributor Avnet Electronics Marketing, the largest operating group of Avnet Inc. (NYSE:AVT), today announced that both Avnet and the recently acquired Memec were awarded Partners in Performance awards by Celestica, a world leader in electronics manufacturing services (EMS). These awards are recognition from Celestica for contributions to its continued success in fiscal 2004.

"Avnet and Memec are proud to be recognized by Celestica," said Beth Ely, vice president of global strategic accounts for Avnet Electronics Marketing. "I am also very proud of the Celestica support teams within Avnet and Memec who contributed to this hard-earned recognition. Following Avnet's recent acquisition of Memec, we are confident this will serve to reinforce the entire organization's critical role in supply chain services and support in strengthening our relationships with key suppliers and customers."

Celestica's Partners in Performance awards are given annually to the company's suppliers, in recognition of their excellence in customer service and support of Celestica's global supply chain. This year's Partners in Performance winners demonstrated a level of responsiveness, flexibility and customer service that positively impacted Celestica's business and, in turn, the businesses of its original equipment manufacturer (OEM) customers.

"Celestica's success in the electronics manufacturing services industry hinges on our ability to execute seamless supply chain management on a global scale," said John Boucher, chief supply chain and procurement officer, Celestica. "We are pleased to recognize Avnet and the former Memec team with Partners in Performance awards and we thank them for enabling our continued success."

About Avnet Electronics Marketing
Avnet Electronics Marketing is the largest operating group of Phoenix-based Avnet Inc., a Fortune 500 company with current revenues exceeding $13 billion, and one of the world's largest technology marketing, distribution and services companies. Avnet Inc. acquired Memec Group Holdings Ltd. on July 5, 2005. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in 69 countries, distributing electronic components from leading manufacturers and providing associated design chain and supply chain services. The company's Web site is located at http://www.em.avnet.com.