Chairman's AGM Statement

ELECTROCOMPONENTS PLC 23 July 1999 Electrocomponents plc held its Annual General Meeting earlier today. Mr Roy Cotterill, the Chairman stated: Since the financial year end there has been no significant change in trading conditions with the new Japanese operation continuing to develop as planned. The acquisition of Allied Electronics Inc was completed, as anticipated, on 2nd July and again we welcome Allied staff to Electrocomponents. We have become increasingly enthusiastic about our North American opportunities through Allied and also the prospects for our alliance with Avnet Inc. Enquiries: Roy Cotterill, Chairman Electrocomponents plc 01865 711234 Bob Lawson, Chief Executive Electrocomponents plc 01865 711234 Jeff Hewitt, Finance Director Electrocomponents plc 01865 711234

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