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Jabil Strengthens Management Team

21 November 2002
St. Petersburg, FL

Forward - Looking Statement

Jabil Circuit, Inc. (NYSE:JBL) today announced management promotions and changes that will strengthen the company's ability to remain a leader in the Electronic Manufacturing Services industry. Changes were effective November 1, 2002.

Mark Mondello was named Chief Operating Officer. Mondello joined Jabil in 1992 and has been Senior Vice President, Business Development since January 1999. He has held a number of positions at Jabil in both Operations and Business Development. He will have responsibility for the company's worldwide business development and operations activities.

Mondello succeeds Ron Rapp, who retires this month after 19 years of service to the company. Rapp joined Jabil in 1983 as served as Chief Financial Officer until 1988 when he was promoted to Executive Vice President, Operations. Rapp has served as Chief Operating Officer since 2000.

"We have been preparing for Ron's retirement for some time now and are thankful to have such a qualified internal person for succession. We wish Ron well and look forward to Mark's contribution in the future," said Tim Main, President and Chief Executive Officer.

Scott Brown was promoted to Executive Vice President, a new position at Jabil. Brown will have responsibility for Strategic Planning, Corporate Development, Jabil Global Services, Jabil Technology Services and Jabil Enclosure Services. He joined Jabil in 1988 and has held a number of positions at Jabil, most recently as Senior Vice President, Strategic Planning.

John Lovato was promoted to Senior Vice President, Business Development, succeeding Mondello. Lovato joined Jabil in 1990 and has helped develop Jabil's global business unit management model, most recently as Vice President, Global Business Units.

Bill Muir was named Vice President, Global Business Units, overseeing certain Global Business Units worldwide. Muir joined Jabil in 1992 in operations and most recently served as Vice President, Operations - Americas.

Jace Dees was promoted to Vice President of Operations, Americas. He will manage all facets of Jabil's manufacturing operations in the Americas. Dees joined Jabil in 1995 and most recently served as Senior Business Unit Director.

Steve Borges was promoted to Vice President, Business Development and will manage business development activities for regionally based customers in the Americas. Borges joined Jabil in 1993 in operations and has served as Director of Business Development for the Americas since 2001.

"We take a long-term view of succession planning and of giving our management team valuable rotational experiences in a wide range of functional areas. This is a cohesive and experienced management team with a strong commitment to Jabil's future success," said Main.

About Jabil

Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the automotive, computing and storage, consumer, instrumentation and medical, networking, peripherals and telecommunications markets. Jabil offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair and warranty services from facilities in the Americas, Europe, and Asia. Further information about Jabil can be found on the World Wide Web at jabil.com.

This news release contains forward-looking statements, including those regarding the anticipated outlook for our business, our currently estimated full fiscal year 2006 net revenue and earnings results and our long-term outlook for our company, our industry and our business sectors. 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: fluctuations in operating results; changes in technology; competition; anticipated growth for us and our industry that may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to successfully consummate acquisitions; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of customers; 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, 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.