Flextronics Commences Exchange Offers In Connection With Notes Issued In February 2013

SAN JOSE, Calif., July 30, 2013 /PRNewswire/ -- Flextronics (NASDAQ: FLEX) today announced offers (each an "Exchange Offer" and collectively the "Exchange Offers") to exchange up to $500 million aggregate principal amount of its outstanding, unregistered 4.625% Notes due 2020 (the "Original 2020 Notes") for an equivalent amount of 4.625% Notes due 2020 which have been registered under the Securities Act of 1933 (the "Exchange 2020 Notes") and up to $500 million aggregate principal amount of its outstanding, unregistered 5.000% Notes due 2023 (the "Original 2023 Notes" and, together with the Original 2020 Notes, the "Original Notes") for an equivalent amount of registered 5.000% Notes due 2023 which have been registered under the Securities Act of 1933 (the "Exchange 2023 Notes" and, together with the Exchange 2020 Notes, the "Exchange Notes").

The terms of the Exchange Notes are substantially identical to the terms of the corresponding series of the Original Notes, except that the Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights and payment of additional interest in case of non-registration applicable to the Original Notes do not apply to the Exchange Notes.

The Exchange Offers will expire at 11:59 p.m., New York City time, on August 28, 2013, subject to Flextronics' right to extend the expiration date for any Exchange Offer. A tender of Original Notes pursuant to the Exchange Offers may be withdrawn at any time prior to the expiration date.

The terms of the Exchange Offers are set forth in the prospectus dated July 30, 2013, (the "Prospectus") and the accompanying letter of transmittal. Holders of the Original Notes may obtain copies of the Prospectus and the accompanying letter of transmittal through U.S. Bank National Association, which is serving as the exchange agent in connection with the Exchange Offers. U.S. Bank National Association's address and telephone number are as follows:

U.S. Bank National Association
Corporate Trust Services
EP-MN-WS-2N
60 Livingston Avenue
St. Paul, MN 55107
Attn: Specialized Finance
Telephone Number: (800) 934-6802

This press release is for informational purposes only and shall not constitute an offer to exchange, nor a solicitation of an offer to exchange, any securities. The Exchange Offers are being made only pursuant to the Prospectus and the accompanying letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About Flextronics

Flextronics International Ltd. (Company Registration No. 199002645H)  is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with $24 billion in sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics' service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @flextronics.

SOURCE Flextronics