Jabil Circuit Opens in Tokyo

February 6, 2001
Jabil Circuit Opens in Tokyo6 February 2001
St. Petersburg, FL

Forward - Looking Statement

Jabil Circuit, Inc., a leading global Electronic Manufacturing Services (EMS) provider, today announced the establishment of Jabil Circuit Japan in Tokyo.

The new location in Japan will provide Japan-based OEMs access to Jabil's comprehensive global services including design, new product introduction, materials and technology management. The new location will also serve as a portal to Jabil's cost-competitive manufacturing infrastructure around the world.

"An increasing number of forward-thinking Japanese companies are pioneering new relationships with EMS providers. Jabil's new Japan location will provide local support for the development of new products and will be a customer access point to our global manufacturing infrastructure," said Tim Main, Jabil President and CEO. "The future for outsourcing in Japan is promising and we anticipate growing demand for Jabil's well-developed global solution."

The Japan office will focus on developing partnerships with Japanese OEMs, some of which have recently begun to turn to outsourcing. By procuring Jabil's design, manufacturing and direct fulfillment capabilities, Japan-based OEMs can achieve faster time-to-market, reduce capital equipment and staff resources and better focus on product competencies, such as conceptualizing next generation products.

"Our Tokyo office is the beginning of a bright future for Jabil's activity in Japan. We will also focus on potential acquisition opportunities in Japan. We are very excited about our entry into this market and believe there is much opportunity to support OEM requirements inside and outside of Japan," said Rick Evans, Senior Director, Asia/Pacific Business Development.

About Jabil

Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the communications, personal computer, peripheral, consumer and automotive markets. Jabil offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair and warranty services from facilities in North America, Europe, Asia and Latin America. Further information about Jabil can be found on the World Wide Web at http://www.jabil.com.

This press release contains certain forward-looking statements. These statements are not historical facts, but instead represent only the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. For a discussion of some of the risks and factors that would affect the firm's future results, see the Company's most recently filed SEC documents such as the Form 10-K, filed 11/28/00. . Some factors include: business conditions and growth in the contract manufacturing industry and the general economy; variability of operating results; dependence on a limited number of customers; limited availability of components; dependence on certain industries; variability of customer requirements.

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