Jabil Authorizes Stock Repurchases

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St. Petersburg, FL - June 21, 2011- Jabil Circuit, Inc. (NYSE: JBL) announced today that its Board of Directors has authorized the repurchase of up to $200 million worth of shares of the Company's common stock during the next twelve months. The shares will be repurchased from time-to-time in open market transactions at the Company's discretion, subject to market conditions and other factors.

"We are confident about Jabil's growth opportunities and our ability to maintain our performance over the long-term. This authorization to repurchase shares also reflects our conviction and commitment to delivering free cash flow from our global operations," said Forbes Alexander, Jabil's Chief Financial Officer.

About Jabil

Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 24 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on Jabil's website:jabil.com.

Investor & Media Contact:
Beth Walters
Senior Vice President, Investor Relations & Communications
Jabil Circuit, Inc.
(727) 803-3511

beth_walters@jabil.com

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