July 26, 2006 - Avnet Electronics Marketing named as Best Emerging Markets Distributor by STMicroelectronics

Avnet Electronics Marketing Asia, an operating group of Avnet, Inc. (NYSE: AVT), has added another award to its list of industry accolades. Avnet Electronics Marketing in India has been named Best Distributor for the Emerging Markets Region in 2005 by STMicroelectronics. The award honors Avnet for its outstanding sales performance and excellent support.

The award was presented to Ravi Kichloo, regional president of Avnet Electronics Marketing, South Asia and Korea and Vijesh Kukreja, channel sales manager, Avnet Electronics Marketing in India. It was presented by Francois Guibert, STMicroelectronics corporate vice president and former general manager for ST’s Emerging Markets Region, now general manager designate for ST’s Asia-Pacific Region.

“We are impressed with the significant growth Avnet India has driven for ST India, which is an important part of the Emerging Markets region and a leader in providing support to our customers. The award of Best Distributor for CY 2005 recognizes Avnet India's efforts in the emerging markets region,” said Pradeep Kumar, STMicroelectronics vice president for Emerging Markets Region and director for South Asian Association For Regional Cooperation.

Avnet Electronics Marketing in India, which has grown its sales of ST products exponentially in the last three years, is the top distributor for ST resale business in the mentioned region.

Accepting the award, Ravi Kichloo noted that the endorsement from STMicroelectronics is quite a feather in his organisation's cap.

“Avnet India has shown that its forte lies in its efficient teams. With good understanding of customer requirements, our sales and technical teams are able to provide best-in-class services to reduce the product development cycle while bringing the time-to-market benefits to the customers,” Kichloo said. “Awards from Philips, Freescale, and now from STMicroelectronics, highlight our dominance of the component distribution industry.”

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. Avnet Electronics Marketing Asia represents ST’s products including linears, traics, bipolars, memories, microcontrollers, etc. in China, India and Taiwan.

About Avnet Electronics Marketing
Avnet Electronics Marketing Asia is part of the largest operating group of Phoenix-based Avnet, Inc. (NSYE: AVT), a Fortune 500 company with fiscal 2005 sales exceeding USD13 billion. Operating in approximately 70 countries, Avnet is one of the world's largest technology marketing, distribution and services companies.

Avnet Electronics Marketing has a significant presence in Asia-Pacific - the fastest growing electronics market in the world. Headquartered in Singapore, the company has over 40 sales offices in 10 countries in Asia. It distributes semiconductors, interconnect, passive and electromechanical components to serve a wide range of customers including original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and small-to-medium customers, providing support of associated design-chain and supply-chain services. The company's web site is located at www.em.avnet.com

About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2005, the Company's net revenues were $8.88 billion and net earnings were $266 million. Further information on ST can be found at www.st.com.

For further information please contact:
Jaime Chan: (852) 2410 2735
Email: jaime.chan@avnet.com
Wendy Allen/ Brian Peterson (EBA): (852) 2537 8022
Email: wendy@eba.com.hk/brian@eba.com.hk

Note to editors: this release can also be found on the EBA Web site at www.eba.com.hk. For enquiries on releases by email, please call Rosa Lee at (852) 2537 8022 or send a message to rosa@eba.com.hk.