Annual results 2008

• Revenue up 27% to $4,0 billion
• Gross margin up 13,7%
• Operating profit up 25% to $123,6 million
• Underlying* earnings per share up 21% to 47,3 US cents
• Cash distribution to shareholders up 20% to 12 US cents

*excluding goodwill impairment, amortisation of intangible fixed assets, profit or loss on sale of assets and businesses and unrealised foreign exchange movements on inter-company loans.

Operational highlights

• Major acquisitions transform Westcon’s European business and diversify product mix
• Significant second half turnaround in the performance of Logicalis US
• Creation of South American market leader with completion of $77.2 million merger for Logicalis