Jabil Closes Public Stock Offering

10 March 199
St. Petersburg, FL

Forward - Looking Statement

Jabil Circuit, Inc. (NYSE: JBL) announced that it closed today an underwritten public offering of 12,075,000 shares of its Common Stock (including 1,575,000 shares that were issued to cover the underwriters' over-allotments). The Company sold 6,900,000 shares and certain Company stockholders sold 5,175,000 shares.

The shares were offered by Merrill Lynch & Co.; Donaldson, Lufkin & Jenrette; Salomon Smith Barney; C.E. Unterberg, Towbin; and Thomas Weisel Partners LLC at $30 per share.

The net proceeds of the offering of shares sold by the Company will be used for repayment of debt under the Company's credit facility, for capital expenditures and for general corporate purposes, including working capital and possible acquisitions. The Company will not receive any proceeds from the sale of shares by the selling shareholders.

About Jabil

Jabil Circuit, Inc. is an electronic manufacturer of circuit board assemblies and systems for international 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 eleven 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 registration statement referenced herein and the Company's Form 10-K, filed with the Securities and Exchange Commission on December 7, 1998.