Flextronics International Ltd. Announces Completion of Tender Offer and Consent Solicitation for its 9-3/4% Senior Subordinated Notes Due 2010 SINGAPORE, March 29 /PRNewswire-FirstCall/ -- Flextronics International Ltd. (the "Company") announced today the completion of its offer to purchase for cash any and all of its 9-3/4% Senior Subordinated Notes due 2010 (the "Notes") and the related solicitation of consents to eliminate certain of the restrictive covenants contained in the indenture under which the Notes were issued (the "Indenture"). The offer by the Company to purchase the Notes (the "Offer") and the related solicitation of consents (the "Solicitation") was made upon the terms and subject to the conditions of the Offer to Purchase and Solicitation of Consents dated March 1, 2005 (the "Offer to Purchase"). The Offer and Solicitation expired at 11:59 p.m., New York City time, March 28, 2005, and was accepted by holders of Notes representing euro 144,228,000 total principal amount. Following the completion of the Offer and Solicitation, a total principal amount of euro 5,772,000 of the Notes remain outstanding. As contemplated in the Offer to Purchase, the Company will enter into a supplemental indenture relating to the Notes, which will eliminate certain restrictive covenants contained in the Indenture. This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. About Flextronics Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is the leading Electronics Manufacturing Services (EMS) provider focused on delivering innovative design and manufacturing services to technology companies. With fiscal year 2004 revenues of USD$14.5 billion, Flextronics is a major global operating company that helps customers design, build, ship, and service electronics products through a network of facilities in 32 countries on five continents. This global presence provides customers with complete design, engineering, and manufacturing resources that are vertically integrated with component capabilities to optimize their operations by lowering their costs and reducing their time to market. For more information, please visit http://www.flextronics.com/. DATASOURCE: Flextronics International Ltd. CONTACT: Thomas J. Smach, Chief Financial Officer, +1-408-576-7722 or , or Renee Brotherton, Senior Director of Corporate Marketing, +1-408-576-7189 or , both of Flextronics International Ltd. Web site: http://www.flextronics.com/

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