Nu Horizons Recognized by EBN (Electronic Buyers News) As One of 10 Companies to Watch in 2003
Article Profiles 10 Companies Within the Electronics Industry That Have Shown Signs of Success Despite Weak Market.

Melville, NY - (December 18, 2002) - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of high technology active components, was recognized Monday by EBN (Electronic Buyers News) as one of 10 companies within the electronics industry to watch in 2003. The December 16th feature article, titled "Coaxing Growth," highlights stories from 2 contract manufacturers, 5 component manufacturers, 2 distributors and 1 mobile PC manufacturer that demonstrated success stories in 2002 despite one of the worst years the electronics industry has ever faced.

"We are honored that EBN would recognize Nu Horizons as one of ten companies to watch," said Dave Bowers, executive vice president of sales and marketing for Nu Horizons. "We're even more excited that two of our valued suppliers, STMicrosystems and Intersil, were also included in this list. We take great pride in our focused line card approach, and this indicates to our customers that Nu Horizons aligns itself with industry leaders and cutting edge technology."

"While our competitors have been in cost and personnel reduction mode, we have continued to invest in both people and focused technology that we are confident will have a positive impact on our business when the market turns," said Arthur Nadata, president and CEO of Nu Horizons. "It's been a tough year and we anticipate a challenging year ahead, but we believe that our decision to increase our engineering staff, expand in Asia and add a focused RF/Microwave division will better position Nu Horizons for the future."

The article can be read in its entirety in the printed December 16th issue of EBN or by visiting EBN online at:
http://www.ebnonline.com/showArticle.jhtml?articleID=5600042.

About Nu Horizons Electronics Corp.
Nu Horizons is a leading distributor of high technology active components, including analog, communications, discretes, optical, logic & peripherals, memory, microcontrollers, specialty products and sub-system products to a wide variety of commercial original equipment manufacturers (OEMs) throughout North America. With sales facilities in twenty-eight locations, Nu Horizons partners with a limited number of the best-in-class suppliers to provide in-depth product and solutions expertise to its customers. Information on Nu Horizons and its services is available at www.nuhorizons.com.

Except for historical information contained herein, the matters set forth in this news release are forward looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic component industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.