Avnet's Chairman and Chief Executive Officer Adopts Rule 10b5-1 Trading Plan

PHOENIX--(Business Wire)--
Avnet, Inc. (NYSE:AVT) today announced that Roy Vallee, its
Chairman and Chief Executive Officer, has established a Rule 10b5-1
plan (the "Plan") to effect the orderly sale of a small portion of his
holdings of Avnet common stock, including certain options from grants
made in 1999 that will expire in September 2009. The Plan is scheduled
to expire in April 2009 unless earlier terminated pursuant to certain
provisions under the Plan. Mr. Vallee is in full compliance with the
Avnet Stock Ownership Guidelines for company executives, which require
that he hold Avnet stock in an amount at least equal to three times
his annual base salary.

The trading plan is designed in accordance with Rule 10b5-1 of the
Securities Exchange Act of 1934, which provides an affirmative defense
against insider trading liability by permitting executives to buy or
sell their company's securities pursuant to a trading program that was
adopted when the executive was not in possession of material,
non-public information.

About Avnet

Avnet, Inc. (NYSE:AVT) is one of the largest distributors of
electronic components, computer products and embedded technology
serving customers in more than 70 countries worldwide. Avnet
accelerates its partners' success by connecting the world's leading
technology suppliers with a broad base of more than 100,000 customers
by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95
billion. For more information, visit www.avnet.com. (AVT_IR)

Visit Avnet's Investor Relations Website at www.ir.avnet.com or
contact us at investorrelations@avnet.com.

Avnet, Inc.
Vincent Keenan, Investor Relations, 480-643-7053
investorrelations@avnet.com

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