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Arrow Electronics Acquires Jakob Hatteland Electronic AS

MELVILLE, N.Y.--(BUSINESS WIRE)--June 14, 2000--Arrow Electronics, Inc. (NYSE:ARW) today announced that it has completed its previously announced acquisition of Jakob Hatteland Electronic AS ("JHE"), one of the Nordic region's leading distributors of electronic components. Headquartered in Nedre Vats, Norway, JHE serves the entire Nordic region. Among its leading lines are Infineon, Philips, NEC, and Analog Devices. The company's revenues approximate $150 million.

Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1999 sales of $9.3 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers and commercial customers through more than 225 sales facilities and 19 distribution centers in 37 countries. Detailed information about Arrow's operations can be found at www.arrow.com.

CONTACT: Arrow Electronics, Melville

Robert E. Klatell
Executive Vice President
516/391-1300

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