AVX Corporation : AVX completes acquisition of the Tantalum Division of Nichicon Corporation

   AVX Corporation : AVX completes acquisition of the Tantalum Division of
                             Nichicon Corporation

Greenville, S.C - February 6, 2013 - AVX Corporation (NYSE: AVX) reported that
it has completed its previously announced acquisition of the Tantalum
Component Division of Nichicon Corporation for approximately $86 million,
subject to typical post-closing working capital adjustments.

The all-cash purchase comprises Nichicon's tantalum component manufacturing
subsidiaries located in Shiga, Japan and Tianjin, China. The annual component
sales of the Division approximate $75 million.

John Gilbertson, AVX's Chief Executive Officer and President, said, "The
purchase of the tantalum component operations of Nichicon enhances our
leadership position in the passive electronic component industry and provides
further opportunities for expansion in the Asian region and tantalum component
manufacturing efficiencies."

AVX, headquartered in Greenville, South Carolina, is a leading manufacturer
and supplier of a broad line of passive electronic components and related

Please visit our website at www.avx.com.

This Press Release contains  "forward-looking" information within the  meaning 
of the Private Securities Litigation Reform Act of 1995.All statements other
than statements of  historical fact, including  statements regarding  industry 
prospects and future results of operations or financial position, made in this
Press  Release  are  forward-looking.The  forward-looking  information   may 
include, among other information, statements concerning our outlook for fiscal
year 2013, overall volume and  pricing trends, cost reduction and  acquisition 
strategies and  their  anticipated  results,  expectations  for  research  and 
development, and capital expenditures.There may also be other statements  of 
expectations, beliefs,  future plans  and  strategies, anticipated  events  or 
trends, and similar  expressions concerning  matters that  are not  historical 
facts.Forward-looking statements reflect  management's expectations and  are 
inherently uncertain.The forward-looking information and statements in  this 
Press  Release  are  subject  to  risks  and  uncertainties,  including  those 
discussed in our Annual Report  on Form 10-K for  fiscal year ended March  31, 
2012, that  could  cause  actual  results  to  differ  materially  from  those 
expressed   in    or    implied    by   the    information    or    statements 
herein.Forward-looking statements should be read  in context with, and  with 
the understanding of, the various other disclosures concerning the Company and
its business made  elsewhere in  this Press Release  as well  as other  public 
reports filed  by  the Company  with  the  SEC.You should  not  place  undue 
reliance on any forward-looking statements  as a prediction of actual  results 
or developments.

Any forward-looking statements by the Company are intended to speak as of  the 
date thereof.  We  do not  intend  to  update or  revise  any  forward-looking 
statement  contained  in  this  Press   Release  to  reflect  new  events   or 
circumstances unless  and  to  the extent  required  by  applicable  law.All 
forward-looking  statements  contained  in   this  Press  Release   constitute 
"forward-looking statements" within the meaning  of Section 21E of the  United 
States Securities Exchange Act of 1934 and, to the extent it may be applicable
by way  of incorporation  of statements  contained in  this Press  Release  by 
reference or otherwise,  Section 27A of  the United States  Securities Act  of 
1933, each  of  which  establishes  a safe-harbor  from  private  actions  for 
forward-looking statements as defined in those statutes.

AVX Corporation, Greenville
Kurt Cummings


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Source: AVX Corporation via Thomson Reuters ONE
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