Tech Data Corporation Receives NASDAQ Determination Letter

Tech Data Corporation Receives NASDAQ Determination Letter

CLEARWATER, Fla., Oct. 2, 2013 (GLOBE NEWSWIRE) -- Tech Data Corporation
(Nasdaq:TECD) (the "Company") today announced that on October 1, 2013, it
received a letter from the NASDAQ Listing Qualifications Department ("Nasdaq")
notifying the Company that it has not regained compliance with Nasdaq Listing
Rule 5250(c)(1) (the "Rule"), in pertinent part, the continued listing
requirement to timely file all required periodic reports with the Securities
and Exchange Commission, and, therefore, that the Company's common stock would
be subject to delisting unless the Company timely requests a hearing before a
Nasdaq Listing Qualifications Panel (the "Panel").

The Company intends to timely request a hearing before the Panel. At the
hearing, the Company will present its plan for regaining compliance with the
Rule, and request continued listing pending its return to compliance. The
hearing request automatically stays the delisting for a period of 15 calendar
days from the date of the request.In addition, in connection with its request
for a hearing, the Company will request that the Panel continue the stay of
delisting until the conclusion of the hearing process. The Panel has the
discretion to grant the Company an extension of time within which to regain
compliance with the Rule for a period not to exceed 360 days from the original
due date for the first late filing, or March 27, 2014. There can be no
assurance that the Panel will grant the Company's request for a stay of
delisting pending the hearing or its request to extend the time within which
to regain compliance with the Rule and for continued listing.

As previously reported, the Company is not in compliance with the Rule because
it did not timely file its Annual Report on Form 10-K for the fiscal year
ended January 31, 2013, and its Quarterly Reports on Form 10-Q for the fiscal
quarters ended April 30, 2013 and July 31, 2013. The failures to timely file
these reports are due to a pending restatement of financial statements and
related investigation previously disclosed in a Current Report on Form 8-K
dated March 21, 2013. Further information regarding these matters is disclosed
in Current Reports on Form 8-K dated April 1, 2013 and April 3, 2013, and in
Forms 12b-25 dated April 1, 2013, June 10, 2013 and September 9, 2013.

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 timely request a hearing before the Panel and the
Company's intent to request that the Panel continue to stay the delisting
pending the hearing process. 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 of certain financial
statements and the ramifications of the Company's potential inability to
timely file required periodic reports. A number of important factors could
cause actual events and results to differ materially from those contained in
or implied by the forward-looking statements.Forward-looking statements
reflect management's analysis as of the filing date of this press release, and
the Company does not undertake to update or revise these statements to reflect
subsequent developments.

About Tech Data

Tech Data Corporation is one of the world's largest wholesale distributors of
technology products, services and solutions. 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)
        
         Arleen Quinones, Vice President, Investor Relations and
         Shareholder Services
         727-532-8866 (arleen.quinones@techdata.com)

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