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Press release from Business Wire

Jabil Circuit, Inc. Announces Intention to Offer $300.0 Million of Senior Notes

Thursday, October 28, 2010

Jabil Circuit, Inc. Announces Intention to Offer $300.0 Million of Senior Notes07:54 EDT Thursday, October 28, 2010 ST. PETERSBURG, Fla. (Business Wire) -- Jabil Circuit, Inc. (NYSE:JBL) announced today its intention to offer $300.0 million of senior unsecured notes due 2020 (the "Offering"), subject to market conditions. Jabil expects to use the net proceeds from the Offering to fund the repayment of a portion of its borrowings under the term loan portion of its senior credit facility. J.P. Morgan Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc. and RBS Securities Inc. will act as joint book-running managers for the offering. The offering will be made only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities LLC, 383 Madison Ave., 3rd Floor, Attention: Syndicate Desk, New York, New York 10179, 800-245-8812. An electronic copy of the prospectus is available from the Securities and Exchange Commission's website at About JabilJabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on the company's website: news release contains forward-looking statements, including statements regarding our intention to offer notes, the principal amount and maturity date of such notes and our use of the net proceeds from the offering of such notes. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to our inability, due to market conditions or other reasons, to offer notes with the economic terms described below, if at all, and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Jabil Circuit, Inc.Investor & Media Contact:Beth Walters, Senior Vice President, Investor