Exhibit 99.1


                             ARROW ELECTRONICS, INC.

                      ANNOUNCES EXERCISE OF OVER-ALLOTMENT

FOR IMMEDIATE RELEASE

MELVILLE, NEW YORK, March 1, 2004 -- Arrow Electronics, Inc. (NYSE:ARW) today
announced that the underwriters of its previously announced public offering of
12,000,000 shares of common stock have exercised in full their over-allotment
option to purchase 1,800,000 additional shares of common stock at a price to the
public of $23.50 per share. After giving effect to the exercise of the
over-allotment option, the company expects to receive total net proceeds, before
estimated offering expenses, of $312,949,500. The over-allotment offering is
expected to close today, March 1, 2004.

Joint book runners of the offering are Morgan Stanley & Co. and Credit Suisse
First Boston; Goldman, Sachs & Co. is acting as joint lead manager; and Banc of
America Securities LLC and J.P. Morgan are acting as co-managers. Copies of the
final prospectus relating to the offering may be obtained from the Prospectus
Department, Morgan Stanley, 1585 Broadway, New York, New York 10036 or from
Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New
York, New York 10010-3629, telephone number 212-325-2580.

The shares are being offered under a shelf registration statement previously
filed and declared effective with the Securities and Exchange Commission. This
press release shall not constitute an offer to sell nor the solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sales would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

Arrow Electronics is one of the world's largest distributors of electronic
components and computer products and a leading provider of solutions and
services to the technology sector. Headquartered in Melville, New York, Arrow
serves as a supply channel partner for more than 600 suppliers and over 150,000
original equipment manufacturers, contract manufacturers, and commercial
customers through more than 200 sales facilities and 18 distribution centers in
41 countries.

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Contact:   Eileen M. O'Connor
           Vice President, Investor Relations
           631-847-5740