CLEARWATER, Fla., Dec. 1, 2011 (GLOBE NEWSWIRE) -- Tech Data
Corporation (Nasdaq:TECD), a leading distributor of IT products, today
announced the Company will cease commercial operations in Brazil by
January 31, 2012. The closure is due to Brazil's complex tax, legal and
regulatory environments which make it difficult for the Company to
generate a sufficient return on invested capital. Tech Data will
maintain a legal entity in Brazil to address its fiscal and legal
responsibilities. The Company will continue to serve the Brazilian
market through its Miami export operation.

"The decision to close our in-country operation in Brazil was a
difficult one, but one we believe is in the best interests of our
shareholders," said Robert M. Dutkowsky, chief executive officer, Tech
Data Corporation. "Despite our team's best efforts, the complexities of
operating in Brazil have prevented the Company from attaining the level
of profitability needed to earn an adequate return on our investment."

As a result of the closure of Tech Data's Brazilian commercial
operations, the Company expects to incur operating losses and other
charges in the fourth quarter of fiscal 2012 of approximately $22
million to $25 million. The Company will also record an impairment
charge of approximately $8 million to $10 million on its investment in
Brazil due to a foreign currency exchange loss (previously recorded in
shareholders' equity as accumulated other comprehensive income). In
addition, the Company will record a non-cash charge to increase its
provision for income taxes by approximately $8 million to $10 million
to write-off the deferred tax assets in Brazil. These estimates do not
include any costs associated with the Brazilian subsidiary's previously
disclosed contingencies related to CIDE and other non-income related
tax examinations.

Cautionary Statement

The matters discussed herein may contain forward-looking statements
that are subject to certain risks and uncertainties that could cause
actual results to differ materially from expectations. Certain of these
risks are set forth in the company's periodic filings with the
Securities and Exchange Commission, including the company's most recent
Form 10-K and Form 10-Q, copies of which can be obtained at the
company's Investor Relations website at www.techdata.com.

About Tech Data

Tech Data Corporation is one of the world's largest wholesale
distributors of technology products. Its advanced logistics
capabilities and value added services enable 125,000 resellers in more
than 100 countries to efficiently and cost effectively support the
diverse technology needs of end users. Tech Data generated $24.4
billion in net sales for the fiscal year ended January 31, 2011 and is
ranked 109th on the Fortune 500(R). To learn more, visit
www.techdata.com.

The Tech Data Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10666


CONTACT: INVESTOR CONTACTS
         Jeffery P. Howells
         Executive Vice President and Chief Financial Officer
         (727) 538-7825
         jeff.howells@techdata.com
         
         Arleen Quinones
         Director, Investor Relations
         (727) 532-8866
         arleen.quinones@techdata.com
         
         MEDIA CONTACT
         Brian Kosoy
         Public Relations Manager
         (800) 305-3374
         brian.kosoy@techdata.com