Jabil Acquires Texas Operations of Incline Global Technology Services, Inc.; Expands Capabilities in LCD and Plasma Display Services Market

ST. PETERSBURG, Fla.--Dec. 7, 2005--Jabil Circuit, Inc. today announced the acquisition of the Round Rock, Texas operations of Incline Global Technology Services, Inc., a leader in LCD and plasma display panel repair services. Terms were not disclosed.

The Incline acquisition enhances shared customer relationships between the two companies and expands Jabil's current offerings to the LCD and plasma manufacturers. Incline's Round Rock, TX facility repairs 20,000 to 25,000 LCD panels per month for various OEM and ODM customers.

"With the exponential growth in sales of LCD and plasma displays for business and consumer markets, demand for repair services is accelerating," said Hartmut Liebel, President of Jabil Global Services. "The acquisition of Incline will expand our already robust technical capabilities in LCD and plasma design, manufacturing and repair as well as increase our ability to serve all our customers in this specialized field."

Jabil's new Round Rock facility will be utilized as the LCD Center of Excellence for repair services by transferring Incline's technology and expertise to Jabil's facilities throughout the Americas, Europe and Asia.

"Our extensive capability in LCD and plasma technology combined with our global hub service strategy enables Jabil to provide a uniquely rapid, reliable, and low-cost repair turn-around -- a very compelling value to our customers," Liebel said.

The company expects no material impact to its fiscal 2006 guidance as a result of this acquisition.

About Jabil

Jabil is an electronic solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete electronic product supply chain management around the world. With more than 45,000 employees and facilities in 19 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL." Further information is available on the company's website: jabil.com.

This news release contains forward-looking statements, including those regarding services to be provided in the future to customers of the acquired business, the growth of the markets serviced by such acquired business, the continued business operations of the acquired business in the future and the financial impact of the transaction on Jabil's future earnings. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: our ability to successfully integrate operations acquired and retain the customers of the acquired business; changes in technology; competition; anticipated growth for the acquired business and us and our industry may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to provide quality services; our ability to service growing markets; retaining key personnel; our dependence on a limited number of customers; the consolidation of our customer base; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2005, any subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.