Introduction Arrow at a Glance Financial Highlights To Our Shareholders Speeding Toward the Future: Powering the Global Supply Chain Ready in Every Region: Arrow Asia/Pacific Ready in Every Region: Arrow Americas Components Ready in Every Region: Arrow Europe Computer Products: Innovate and Execute Form 10-K Shareholder Information Directors and Officers		Executive Offices 50 Marcus Drive Melville, New York 11747-4210 Independent Auditors Ernst & Young LLP 5 Times Square New York, New York 10036-6530 Transfer Agent and Registrar Mellon Investor Services, L.L.C. Overpeck Center 85 Challenger Road Ridgefield Park, New Jersey 07660-2104 Annual Meeting The Annual Meeting of Shareholders will be held at 11:00 a.m. on May 27, 2004 at the offices of JPMorgan Chase Bank, 270 Park Avenue, New York, New York. All shareholders are invited to attend. Arrow Electronics is an Equal Opportunity Employer. Arrow,, arrow.com, and all Arrow domain names and business group names are trademarks and service marks of Arrow Electronics, Inc. Copyright © 2003 Arrow Electronics, Inc.