FREMONT, CA — November 25, 2003 -- SYNNEX Corporation today announced it has commenced its initial public offering of 5,400,000 shares of its common stock at a price of $14.50 per share. The offering is expected to close on Monday, December 1, 2003.

SYNNEX sold 3,577,500 shares of common stock and a group of selling stockholders sold 1,822,500 shares of common stock. SYNNEX will not receive any proceeds from the sale of the common stock offered by the selling stockholders. SYNNEX and the selling stockholders have granted the underwriters the option to purchase up to an aggregate of 810,000 additional shares to cover over-allotments, if any.

The shares are being sold by SYNNEX and the selling stockholders through an underwriting group managed by Bear, Stearns & Co. Inc., Banc of America Securities LLC and Raymond James & Associates, Inc. SYNNEX's common stock will be listed on the New York Stock Exchange under the symbol "SNX."

SYNNEX Corporation, headquartered in Fremont, California, is a global information technology supply chain services company. The Company offers a comprehensive range of services to IT original equipment manufacturers, software publishers and reseller customers worldwide.

Copies of the prospectus relating to this offering may be obtained from Bear, Stearns & Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, New York 10179; telephone 631-254-7135 or by faxing requests to 631-254-7268.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission on November 24, 2003. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Statements in this release that are forward-looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

SYNNEX and the SYNNEX logo are trademarks of SYNNEX Corporation or its subsidiaries and should be treated as such. All rights reserved. All other company names mentioned herein are trademarks of their respective owners.