Plexus : Plexus Announces $30 Million Share Repurchase Program

        Plexus : Plexus Announces $30 Million Share Repurchase Program

August 19, 2013

Plexus Announces $30 Million Share Repurchase Program

NEENAH, WI, August 19, 2013 - Plexus Corp. (NASDAQ: PLXS), today announced
that its Board of Directors has approved a new stock repurchase program under
which the Company is authorized to repurchase up to $30 million of its common
stock during fiscal 2014.

Ginger Jones, Senior Vice President and CFO, commented, "In fiscal 2013,
Plexus began a process of evaluating cash flows during our annual strategy
planning process for the potential of returning cash to shareholders. The
repurchase amount of $30 million for fiscal 2014 is based on our current
available cash in the United States and expected free cash flow for the coming
fiscal year. This repurchase continues our disciplined approach of returning
cash to shareholders and our commitment to total shareholder return. We
believe that repurchasing Plexus stock at current market prices is an
attractive use of our capital resources, with the opportunity to create
shareholder value."

The planned repurchase represents approximately 3% of current market
capitalization and is expected to be funded with existing cash. The company
does not have a specific schedule or commitment for the repurchase of these
shares; however, subject to market factors, the Company expects to complete
the authorized repurchases on a relatively consistent basis over fiscal 2014.

For further information, please contact:

Ginger Jones, Senior VP and Chief Financial Officer
920-751-5487 or

About Plexus Corp. - The Product Realization Company

Plexus  (  delivers  optimized  Product  Realization  solutions 
through a  unique  Product  Realization  Value  Stream  service  model.  This 
customer-focused  services  model  seamlessly  integrates  innovative  product 
conceptualization, design, commercialization,  manufacturing, fulfillment  and 
sustaining  services  to  deliver   comprehensive  end-to-end  solutions   for 
customers in the America, European and Asia-Pacific regions.

Plexus  is  the  industry  leader  in  servicing  mid-to-low  volume,   higher 
complexity customer programs characterized by unique flexibility,  technology, 
quality  and  regulatory  requirements.  Award-winning  customer  service  is 
provided    to    over    140    branded    product    companies    in     the 
Networking/Communications, Healthcare/Life Sciences, Industrial/Commercial and
Defense/Security/Aerospace market sectors.

Safe Harbor and Fair Disclosure Statement

The statements contained in this release which are guidance or which are not
historical facts (such as statements in the future tense and statements
including "believe," "expect," "intend," "plan," "anticipate," "goal,"
"target" and similar terms and concepts), including all discussions of periods
which are not yet completed, are forward-looking statements that involve risks
and uncertainties. In particular, we cannot assure the effect of share
repurchases on the value of our shares or our ability to repurchase shares on
acceptable terms or based on actual cash flows, which may be different than
expected. Market conditions may also affect whether the repurchases are in
fact accretive. These risks and uncertainties include, but are not limited
to: the risk of customer delays, changes, cancellations or forecast
inaccuracies in both ongoing and new programs; the poor visibility of future
orders, particularly in view of current economic conditions; the effects on
Plexus of Juniper Network, Inc.'s disengagement; the adequacy of restructuring
and similar charges as compared to actual expenses; the economic performance
of the industries, sectors and customers we serve; the effects of the volume
of revenue from certain sectors or programs on our margins in particular
periods; our ability to secure new customers, maintain our current customer
base and deliver product on a timely basis; the particular risks relative to
new or recent customers or programs, which risks include customer and other
delays, start-up costs, potential inability to execute, the establishment of
appropriate terms of agreements, and the lack of a track record of order
volume and timing; the risks of concentration of work for certain customers;
our ability to manage successfully a complex business model characterized by
high customer and product mix, low volumes and demanding quality, regulatory,
and other requirements; the risk that new program wins and/or customer demand
may not result in the expected revenue or profitability; the fact that
customer orders may not lead to long-term relationships; the effects of
shortages and delays in obtaining components as a result of economic cycles or
natural disasters; the risks associated with excess and obsolete inventory,
including the risk that inventory purchased on behalf of our customers may not
be consumed or otherwise paid for by the customer, resulting in an inventory
write-off; the weakness of areas of the global economy; the effect of changes
in the pricing and margins of products; the effect of start-up costs of new
programs and facilities, such as our new facility in Romania and our announced
plans to replace facilities in the United States, and other recent, planned
and potential future expansions or replacements; increasing regulatory and
compliance requirements; possible unexpected costs and operating disruption in
transitioning programs; raw materials and component cost fluctuations; the
potential effect of fluctuations in the value of the currencies in which we
transact business; the potential effects of regional results on our taxes and
ability to use deferred tax assets; the potential effect of world or local
events or other events outside our control (such as drug cartel-related
violence in Mexico, instability in the Korean peninsula, changes in oil
prices, terrorism and weather events); the impact of increased competition;
and other risks detailed in the Company's Securities and Exchange Commission
filings (particularly in Part I, Item 1A of our annual report on Form 10-K for
the fiscal year ended September 29, 2012). 

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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Plexus via Thomson Reuters ONE
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