Jabil Files Universal Shelf Registration

August 3, 2000
Jabil Files Universal Shelf Registration3 August 2000
St. Petersburg, FL

Forward - Looking Statement

Jabil Circuit, Inc. (NYSE: JBL) announced today it has filed a "universal shelf" registration statement (the "Registration Statement") with the Securities and Exchange Commission pursuant to Rule 415 and 429 under the Securities Act of 1933, as amended.

After the Registration Statement has become effective, Jabil Circuit, Inc. may, from time to time, offer its debt securities, which may be senior or subordinated, shares of its common stock, shares of its preferred stock (and depositary receipts representing interests therein) and warrants to acquire any of the foregoing (collectively, "Securities"). The Securities may be offered, separately or together, in separate series, in amounts, at prices and on terms to be set forth in the prospectus contained in the Registration Statement (the "Prospectus"), and in one or more supplements to this Prospectus, and may only be offered pursuant thereto.

The Registration Statement is intended to provide the company flexibility to raise up to an aggregate $1.5 billion from the offering of Securities, subject to market conditions and the company's capital needs. The company intends to use the net proceeds from the sale of Securities for general corporate purposes, including capital expenditures, the repayment or refinancing of debt and to meet working capital needs. The company expects from time to time to evaluate the acquisition of business, products and technologies for which a portion of the net proceeds may be used. However, the company does not currently have any agreements, commitments or understandings with respect to any material acquisitions for which a portion of the net proceeds may be used. Pending such uses, the company will invest the net proceeds in interest-bearing securities.

A registration statement relating to the Securities has been filed with the Securities and Exchange Commission but has not yet become effective. The Securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

About Jabil

Jabil Circuit, Inc. is an electronics manufacturing service provider for original equipment manufacturers in the communications, computer peripheral, personal computer, automotive and consumer products industries. Jabil offers product design, board design, mechanical and production design, prototype assembly, volume board assembly, systems assembly and direct fulfillment services from 20 manufacturing facilities in North America, Europe and Asia.

This release contains certain forward-looking statements, which are subject to a number of risks and uncertainties. Some factors that could cause actual results to differ materially 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; and other risk factors described in the company's most recently filed SEC documents such as the Form 10-K, filed 12/7/98.

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