Flextronics Reports New Option Grants

SINGAPORE, Dec. 15, 2005 -- Flextronics today announced that it has granted options from its 2004 Award Plan for New Employees to purchase an aggregate of 342,125 ordinary shares to employees of recently acquired companies and other new employees. The options have an exercise price of $10.32 (which is equal to the closing price of ordinary shares on the date of grant of November 30, 2005 as quoted on the NASDAQ National Market), will expire 10 years after the date of grant (or following termination of employment, if earlier), and will become exercisable over four years, with the first 25% becoming exercisable on the first anniversary of the date of grant and the remainder becoming exercisable in equal monthly installments thereafter.

About Flextronics

Headquartered in Singapore (Singapore reg no.199002645H), Flextronics is the leading Electronics Manufacturing Services (EMS) provider focused on delivering innovative design and manufacturing services to technology companies. With fiscal year 2004 revenues of USD$14.5 billion, Flextronics is a major global operating company that helps customers design, build, ship, and service electronics products through a network of facilities in 32 countries on five continents. This global presence provides customers with complete design, engineering, and manufacturing resources that are vertically integrated with component capabilities to optimize their operations by lowering their costs and reducing their time to market. For more information, please visit www.flextronics.com.