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Press release from Business Wire

Arrow Electronics Announces Share Repurchase Program

<p class='bwalignc'> -- Repurchase Program to Offset Dilution from Equity-Based Compensation Plans -- </p>

Monday, February 28, 2011

Arrow Electronics Announces Share Repurchase Program08:00 EST Monday, February 28, 2011 MELVILLE, N.Y. (Business Wire) -- Arrow Electronics, Inc. (NYSE:ARW) announced today the approval by the company's Board of Directors of the repurchase of $50 million of common stock through a share repurchase program. The company expects to repurchase shares to offset the dilution from the common stock issued in accordance with equity-based compensation plans. This action will permit the company to repurchase shares of its common stock as market and business conditions warrant. The program can be terminated at any time. The company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the company to repurchase shares at times when it might otherwise be prevented from doing so under certain securities laws. Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries. Arrow Electronics, Inc.Michael Taunton, 631-847-5680Vice President and TreasurerorPaul J. Reilly, 631-847-1872Executive Vice President, Finance and Operations & Chief Financial OfficerorMedia:John Hourigan, 303-824-4586Director, Corporate Communications