EXHIBIT 99






                                   Contact:  Neil Lefort
                                   Vice President, Investor Relations
                                   (630) 527-4344

            MOLEX DIRECTORS INCREASE CASH DIVIDEND BY 50%
              AND RENEW STOCK REPURCHASE AUTHORIZATION

Lisle,  IL,  USA - August 2, 2004 -- Molex Incorporated  (NASDAQ:MOLX
and  MOLXA), a global electronic components company, today  announced
that  its Board of Directors has announced an increase in the regular
quarterly  cash  dividend to $0.0375 per share,  an  increase  of  50
percent from the previous cash dividend of $0.025 per share.  The new
regular  quarterly cash dividend will be paid on October 25, 2004  to
shareholders of record on September 30, 2004 for each share of Common
Stock  (MOLX), Class A Common Stock (MOLXA) and Class  B  Stock,  and
will continue quarterly until further action by the Board.

The  Board  of  Directors  also renewed its authorization  to  permit
certain   discretionary  stock  purchases  by   the   Company.    The
authorization allows the purchase of the Company's outstanding Common
Stock  (MOLX) and/or Class A Common Stock (MOLXA) during  the  fiscal
year ending June 30, 2005 up to an aggregate value of $100.0 million.
According  to  Joe  King, Vice Chairman and Chief Executive  Officer,
"The  number  of shares of stock purchased during fiscal  2005,  will
depend  upon  various  factors including the relative  price  of  the
stock."

During  the  year ended June 30, 2004, under a similar authorization,
the  Company  purchased  2,740,000 shares of  the  Company's  (MOLXA)
outstanding stock with a total purchase value of $70.2 million.

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.   Certain
of  these  risks and uncertainties are set forth in Molex's 10-K  and
other documents filed with the Securities and Exchange Commission and
include  economic  conditions in various regions, product  and  price
competition and foreign currency exchange rate changes.   Molex  does
not  undertake  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.

The  Company's  Annual  Report, as well as news  releases  and  other
supplementary financial data is available by accessing the  Company's
website at www.molex.com.

Molex  Incorporated  is  a  66-year-old manufacturer  of  electronic,
electrical  and  fiber  optic interconnection products  and  systems;
switches; value-added assemblies; and application tooling.  Based  in
Lisle,   Illinois,   USA,  the  Company  operates  54   manufacturing
facilities in 19 countries and employs approximately 21,225 people.



Editor's note:  Molex is traded on the NASDAQ National Market  System
in  the  United  States, on the London Stock Exchange and  (MOLX)  is
included in the S&P 500 Index and the NASDAQ 100.