Ingram Micro Canada Announces Sourcing Agreement With GE Capital IT Solutions

Leading global distributor offers logistics and services infrastructure for GE Capital IT Solutions and acquires its configuration assets in Canada

MISSISSAUGA, Ontario, Dec. 5, 2000

Ingram Micro Inc. (NYSE: IM), the largest global provider of wholesale technology products and services, today announced its Canadian subsidiary has entered into a sourcing agreement with GE Capital Information Technology Solutions, Inc. (GECITS). Ingram Micro Canada also will acquire GE Capital IT Solutions image management configuration assets in Canada.

Under the terms of the agreement, Ingram Micro Canada will provide product procurement services of hardware, software and personal computer products; logistics and order management; fulfillment; returns management; electronic data integration and custom configuration to Canadian customers. The agreement allows GE Capital IT Solutions to focus on a core competency of providing specialized, high-end technical services. Ingram Micro U.S. and GE Capital IT Solutions signed a multi-sourcing agreement last month for logistics and supply chain management services to U.S. customers.

We are pleased to pursue new opportunities with GE Capital IT Solutions, further strengthening our relationship between the two companies, said Asger Falstrup, president, Ingram Micro Canada. This agreement reinforces Ingram Micro Canadas position in the channel as a leader in product procurement, logistics and supply chain management solutions. GE Capital IT Solutions is able to leverage Ingram Micros core competencies and immense infrastructure to deliver creative technology solutions to its customers.

Efficient Supply Chain Management for CTO
Integrating GE Capital IT Solutions' configuration centre with Ingram Micro Canadas custom and scalable configure-to-order (CTO) capabilities will cut costs by eliminating one more step in the supply chain management process. Technology solution providers will be able to order product from Ingram Micro, request custom configuration and arrange direct shipment for their customers without having to handle product directly. The combination of Ingram Micros existing configuration centre with GE Capital IT Solutions' larger service capacity in Canada allows Ingram Micro to process up to 800 CPU units per day for either single configuration orders or larger customer project rollouts. We are very excited to enter into this relationship with Ingram Micro, said Robert Boulet, president and CEO, GE Capital IT Solutions Canada. Streamlining supply chain management provides real value to our customers and allows us to concentrate on providing the quality, innovative IT solutions and signature, high-end infrastructure support that customers have grown to expect from GE Capital IT Solutions.

About GE Capital IT Solutions
GE Capital IT Solutions, http://www.gecitsolutions.com, is an independent IT Solutions integrator, providing technology and quality-based growth opportunities for its customers. Headquartered in Newport, Ky., GE Capital IT Solutions is segmented into two areas: products and services. Each area is designed to complement and advance its focus on infrastructure services and build on its core capabilities to provide products and services, all delivered with Six Sigma quality. GE Capital IT Solutions is a GE Capital Company. As part of the GE family of companies, GE Capital IT Solutions is a valued member of an organization FORTUNE magazine voted as "The Most Admired Company in America" for the third consecutive year in 1999.

About Ingram Micro Inc.
Ingram Micro Inc. is the largest global wholesale provider of technology solutions, products and services. The company operates in 34 countries with sales exceeding $30 billion for the past four reported quarters. Ingram Micros global regions offer e-commerce solutions, logistics services, and technology product distribution and marketing to more than 175,000 technology solution providers and manufacturers. The company is focused on maximizing shareowner value and achieving customer satisfaction by continuously innovating the IT supply chain. Visit www.ingrammicro.com or Ingram Micro Canada at www.ingrammicro.ca.

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
The matters in this press release that are forward-looking statements are based on current management expectations that involve certain risks, including, without limitation: intense competition; continued pricing and margin pressures; the potential for continued restrictive vendor terms and conditions; the potential decline as well as seasonal variations in demand for Ingram Micros products; unavailability of adequate capital; management of growth; reliability of information systems; foreign currency fluctuations; dependency on key individuals; product supply shortages; the potential termination of a supply agreement with a major supplier; acquisitions; rapid product improvement and technological change, and resulting obsolescence risks; risk of credit loss; dependency on independent shipping companies; and the termination of subsidized floor plan financing.

Ingram Micro has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Ingram Micros results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Exhibit 99.01 of Ingram Micros Annual Report on Form 10-K for the fiscal year ended January 1, 2000; other risks or uncertainties may be detailed from time to time in Ingram Micros future SEC filings.

For more information, contact:

Ingram Micro Inc.:
Jennifer Marchetta
Media Relations
(714) 382-2692

Ingram Micro Canada:
Media Relations
Susan Gerard
(905) 755-5000, ext. 55270