Tech Data Corporation Announces Agreement to Acquire Assets of Nordic-Based Scribona AB

Tech Data Corporation (NASDAQ:TECD), a leading distributor of IT products, today announced it has entered into an agreement to acquire certain assets of Scribona AB, a publicly traded IT distribution company in the Nordic region of Europe with operations in Sweden, Finland and Norway.

The acquisition of Scribona’s assets will allow Tech Data to better serve customers and vendor partners throughout the Nordic region and to better leverage its investments in European IT and logistics infrastructure. Tech Data will pay net asset value plus a premium for the transferred assets including inventory, some intellectual property, material contracts, office equipment and certain other assets. The premium will be in the range of €13.5 million to €16.5 million (approximately $20 million to $25 million).

“Through this transaction, Tech Data will gain a talented team of highly experienced distribution employees that will help strengthen our operations and drive stronger relationships with our key vendor partners and customers,” said Robert M. Dutkowsky, Chief Executive Officer of Tech Data Corporation. “This combination will provide Tech Data’s new and existing customers access to an extended portfolio of vendor partners including an expanded suite of value-added hardware and software business solutions.”

Fredrik Berglund, President and Chief Executive Officer of Scribona AB commented, “The combination of the Tech Data and Scribona businesses is a compelling fit and will create a strong IT industry player with the market reach to develop further. The new entity will be a leading distributor of IT products in the Nordic region and will be able to improve customer satisfaction through increased market focus and scale in an increasingly dynamic market environment.”

For the twelve months ended December 31, 2007, Scribona generated sales of SEK 8,069 million (approximately €873 million). The transaction is subject to various contingencies including labor consultations, EU clearance and Scribona shareholder approval with a targeted completion in the second quarter.

Forward-Looking Statements

Certain matters discussed in this news release are forward-looking statements, based on the company’s current expectations that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include the following: intense competition both domestically and internationally; narrow profit margins; dependence on information systems; potential adverse effects of acquisitions; exposure to natural disasters, war and terrorism; dependence on independent shipping companies; potential impact of labor strikes; risk of declines in inventory value; product supply and availability; changes in vendor terms and conditions; loss of significant customers; credit exposure due to the deterioration in the financial condition of our customers; the inability to obtain required capital; fluctuations in interest rates; foreign currency exchange risks and exposure to foreign markets; the impact of changes in income tax and other regulatory legislation; changes in accounting rules; and the volatility of common stock. Additional discussion of these and other factors affecting the company’s business and prospects is contained in the company’s periodic filings with the Securities and Exchange Commission, copies of which can be obtained at the company’s Investor Relations website at www.techdata.com. All information in this release is as of March 4, 2008. The company undertakes no duty to update any forward-looking statements herein to actual results or changes in the company’s expectations.

About Tech Data

Founded in 1974, Tech Data Corporation (NASDAQ GS: TECD) is a leading distributor of IT products, with more than 90,000 customers in over 100 countries. Ranked 109th on the FORTUNE 500(R),the company’s business model enables technology solution providers, manufacturers and publishers to cost-effectively sell to and support end users ranging from small-to-midsize businesses (SMB) to large enterprises. For more information, visit http://www.techdata.com.

About Scribona

Scribona, quoted on the Small Cap list of the OMX Nordic Exchange, is a leading provider of IT products in the Nordic market. The product range includes personal computers and peripherals, servers, storage and infrastructure, enterprise and client software and entertainment and personal communication. The products are distributed by IT resellers and retailers in Sweden, Finland and Norway.

Contacts

Tech Data Corporation, Clearwater
Jeffery P. Howells, Executive Vice President and Chief
Financial Officer, 727-538-7825
jeff.howells {at} techdata(.)com
or
Investor Relations & Shareholder Services:
Kristin Wiemer Bohnsack, Director, 727-532-8866
kristin.wiemer {at} techdata(.)com