Tech Data Corporation Delays Filing Annual Report

Tech Data Corporation Delays Filing Annual Report

CLEARWATER, Fla., April 1, 2013 (GLOBE NEWSWIRE) -- Tech Data Corporation
(Nasdaq:TECD) (the Company) today notified the Securities and Exchange
Commission (SEC) that it is unable to file its Annual Report on Form 10-K (the
"Form10-K") for the year ended January 31, 2013 within the prescribed time
period because it requires additional time to complete the required financial
statements and restatement described below.The Company cannot predict when it
will complete the restatement, but expects that it will do so beyond the
permitted 15-day extension of the prescribed due date of April 1, 2013.

In accordance with standard NASDAQ procedure, the Company expects to receive a
notice of deficiency from the NASDAQ Listing Qualifications Department,
indicating that the Company is not in compliance with NASDAQ Listing Rule
5250(c)(1) which requires timely filing of reports required by rules of the
SEC. The Company intends to submit a plan to regain compliance as quickly as
possible. During this process, the Company expects that its common stock will
continue to be listed and traded on The NASDAQ Stock Market.

On March 21, 2013, the Company reported that the Audit Committee of its Board
of Directors, on the recommendation of management, and after consultation with
the Company's independent accountants, Ernst & Young, LLP, concluded that the
Company would be required to restate some or all of its previously issued
quarterly and audited annual financial statements for the fiscal years 2011
and 2012 and some or all of the quarters of fiscal year 2013, including the
financial statements in the Company's fourth quarter and fiscal year 2013
earnings release dated March 4, 2013. The Company anticipates that the
restatement will be made to correct improprieties primarily related to how the
Company's U.K. subsidiary reflected vendor accounting. As a result, investors
should no longer rely upon the Company's previously released financial
statements and other financial data relating to these periods.

The Audit Committee has commenced an investigation into the circumstances that
gave rise to the need to restate the Company's financial statements and has
retained independent counsel to assist in the investigation.The SEC has
requested information from the Company, and the Company intends to cooperate
with such request.

Forward Looking Statements

The report includes "forward-looking statements" within the meaning of the
federal securities laws and regulations, including those regarding the
Company's intent to restate its prior financial statements, the scope of the
restatement and the expected timing of filing the restated financial reports.
There can be no assurance that the Company's management, Audit Committee or
independent registered public accounting firm will not reach conclusions that
are different from management's preliminary identification of issues. These
statements are subject to risks and uncertainties, including the risk that
additional information relating to the scope of the improprieties may arise
from the ongoing review of this matter, the risk that the process of preparing
the financial statements or other subsequent events would require the Company
to make additional adjustments, the time and effort required to complete the
restatement and the ramifications of the Company's potential inability to
timely file required reports.Forward-looking statements reflect management's
analysis as of the filing date of this Notice, and the Company does not
undertake to revise these statements to reflect subsequent developments.

About Tech Data

Tech Data Corporation (Nasdaq:TECD) is one of the world's largest wholesale
distributors of technology products. Its advanced logistics capabilities and
value added services enable 120,000 resellers in more than 100 countries to
efficiently and cost effectively support the diverse technology needs of end
users. To learn more, visit www.techdata.com.

CONTACT: Jeffery P. Howells, Executive Vice President
         and Chief Financial Officer
         727-538-7825 (jeff.howells@techdata.com)
        
         or
        
         Arleen Quinones, Director, Investor Relations
         and Shareholder Services
         727-532-8866 (arleen.quinones@techdata.com)

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