INGRAM MICRO EXTENDS TENDER OFFER

SANTA ANA, Calif., Jan. 3, 1999

Ingram Micro Inc., the world's largest wholesale distributor of technology products and services, announced today that it intends to commence a cash tender offer at a price of S$1.95 per share for all of the outstanding shares of common stock, and S$1.08 for all of the warrants of Singapore-based Electronic Resources Limited (ERL). In compliance with Singapore law, the tender offer will expire 21 days from the commencement date of the offer, unless extended.

Ingram Micro acquired 20.9 percent of the outstanding shares of ERL in December 1997. The company has entered into agreements to purchase additional shares from specific shareholders of ERL on January 4, 1999; bringing its total ownership to approximately 39.6 percent of issued and paid up shares. Under Singapore law, Ingram Micro is required to extend a tender offer for the remaining outstanding shares of common stock and warrants.

About Ingram Micro Inc.

Ingram Micro Inc. (NYSE:IM), headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services with sales of $20.9 billion for the past four reported quarters. The company and its affiliates operate in 31 countries and distribute more than 190,000 products to more than 115,000 resellers in 120 countries.

Contact

Kim Strohm
Ingram Micro Inc.
(714) 382-4400

Kirsten Frosh
Ingram Micro Inc.
(714) 382-2727