Westcon Group Increases Aggregate Credit Facilities in North America and Europe to $610 Million



    Westcon Group, Inc., the leading specialty distributor in
    networking, security, mobility and convergence, has increased in
    aggregate its banking facilities by $236 million to $610 million (up
    from $374 million) for its North American and European subsidiaries.
    These facilities will be used to increase Westcon Group's liquidity as
    it continues to execute its organic and acquisition growth strategies.

    Westcon Group recently announced the acquisition of European-based
    Crane Telecommunications, Ltd. and NOXS as well as the business of
    North American-based ReView Video, LLC, adding more than 400 employees
    and approximately $350 million in annual revenue. The Company also
    recently announced a joint venture with Netex, a specialty distributor
    based in Turkey, adding to the emerging markets recently opened in New
    Zealand, Malaysia and Dubai.

    In North America, Westcon increased its credit facilities from
    $190 million to $280 million with the ability to add $40 million, if
    necessary. The new North American financing was provided by a
    syndicated group of lenders led by HSBC Bank USA, which will continue
    in its role as collateral agent.

    Westcon replaced its existing $170 million pan-European
    arrangement with a new $250 million facility, which will be utilized
    for working capital and expansion. The new financing was provided by a
    syndicated group of lenders led by GE Commercial Distribution Finance
    Ltd. In addition, HSBC Bank plc increased its financing to Westcon
    from $14 million to $80 million for the NOXS acquisition and related
    working capital requirements.

    John P. O'Malley III, Executive Vice President - Finance and Chief
    Financial Officer of Westcon Group, Inc., commented: "We were able to
    complete these transactions on extremely favorable financial terms
    while significantly increasing the Company's borrowing flexibility.
    Our lenders recognize Westcon Group's financial strength and our
    continued growth in both North America and Europe. These new credit
    facilities provide us with the capital necessary to support our growth
    and acquisition plans."

    Patrick J. Doulin, Senior Vice President of HSBC Bank USA added:
    "We value our long-term financing relationship with Westcon Group,
    which has experienced considerable growth during the past year. HSBC
    is positioned to support the continued success of Westcon's
    multi-national expansion initiatives."

    James C. Berry, Senior Vice President of GE Capital Solutions
    Europe, commented, "We have been impressed by the financial,
    operational and other initiatives Westcon Group has completed. We look
    forward to facilitating the Company's future growth."

    About Westcon Group

    Westcon Group, Inc. is the leading specialty distributor of
    networking, security, mobility and convergence equipment for leading
    technology vendors, including Cisco Systems, Inc., Nortel Networks
    Corporation and Avaya, Inc. Through its Voda One, Westcon and Comstor
    divisions, Westcon Group sells products and services to resellers,
    systems integrators and service providers. Westcon Group has
    particular expertise in the convergence of voice, data and video
    applications and technologies, including voice-over Internet protocol,
    or VoIP, security for networking and communications systems, remote
    access, Internet and e-business, virtual private networks,
    videoconferencing and wireless connectivity. For more information,
    visit www.westcongroup.com.