Solectron Announces Pricing of $500 Million Senior Notes Offering

		SOLECTRON LOGO Solectron (www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warrantyand end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. (PRNewsFoto)[AG JL] MILPITAS, CA USA

MILPITAS, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Solectron Corporation (NYSE: SLR), a leading provider of electronics manufacturing and supply-chain services, today said it has priced a public offering of $500 million of its senior notes, maturing Feb. 15, 2009. The notes have a coupon rate of 9.625 percent annually. The issue price of the notes is 99.369 percent with the first interest payment date of Aug. 15, 2002. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO) This news release is neither an offer to sell nor a solicitation of an offer to buy the senior notes. The notes will not be sold in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. The offering may be made only through a prospectus, which may be obtained by contacting Goldman, Sachs & Co., Prospectus Department, 85 Broad St., New York, N.Y. 10004. The notes represent a new offering by the company under its shelf registration statement declared effective Aug. 29, 2001, by the Securities and Exchange Commission. The offering is expected to close Feb. 6, 2002. All monetary amounts are stated in U.S. dollars. About Solectron Solectron (http://www.solectron.com) provides a full range of global manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. The company is based in Milpitas, Calif. Safe Harbor This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. In particular, while Solectron has completed pricing of the senior notes, there can be no assurance that the offering will be successfully completed. Other potential risks that could cause actual events to differ materially are included in filings with the Securities and Exchange Commission, including Forms 8-K, 10-K, 10-Q, S-3 and S-4 for Solectron Corporation. Solectron disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: investors, Thomas Alsborg, +1-408-956-6614, or thomasalsborg@ca.slr.com, or media, Kimi Nishita, +1-408-956-6213, or kiminishita@ca.slr.com, both of Solectron Corporation.