MOLXA Molex Incorporated - Class A (MM)

Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, today announced that its Board of Directors has authorized the Company to repurchase Molex shares on a discretionary basis. The authorization allows the repurchase of the Company�s outstanding Common Stock (MOLX) and/or Class A Common Stock (MOLXA) during the period ending June 30, 2008, up to an aggregate value of $200 million. This replaces the Company�s present authorization which was to expire September 30, 2007. Martin P. Slark commented, �In addition to this repurchase, we previously announced on August 1, 2007, a 50% increase in the cash dividend. These actions reflect our current strong financial position and the anticipated improvements in return on invested capital and free cash flow from our reorganization and restructuring actions.� Forward-Looking Statements Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Forward-looking statements are based on currently available information. These risks and uncertainties include those associated with the operation of our business, including the risk that customer demand will decrease either temporarily or permanently, whether due to the Company's actions or the demand for the Company's products, and that the Company may not be able to respond through cost reductions in a timely and effective manner; price cutting, new product introductions and other actions by our competitors; fluctuations in the costs of raw materials that the Company is not able to pass through to customers because of existing contracts or market factors; the challenges attendant to plant closings and restructurings, including the difficulty of predicting plant closing and relocation costs, the difficulty of commencing or increasing production at existing facilities, and the reactions of customers, governmental units, employees and other groups; the challenges attendant to plant construction; and the ability to realize cost savings and improve return on invested capital and cash flow from restructuring activities, as well as difficulty implementing the transition to a Market-Focused Global Organization. Other risks and uncertainties are set forth in Item 1A �Risk Factors� of its Form 10-K for the year ended June 30, 2007, which is incorporated by reference and in reports that Molex files or furnishes with the Securities and Exchange Commission. This release speaks only as of its date and Molex disclaims any obligation to revise these forward-looking statements or to provide any updates regarding information contained in this release resulting from new information, future events or otherwise. Note: The Company�s SEC filings, as well as news releases and other supplementary financial data are available on the Company�s website at www.molex.com. Molex Incorporated is a 68-year-old manufacturer of electronic components, including electrical and fiber optic interconnection products and systems, switches and integrated products, with 59 plants in 19 countries throughout the world. Editor�s note: Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Company�s voting common stock (MOLX) is included in the S&P 500 Index.