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Anixter Adds to Share
Repurchase Authorization


SKOKIE, IL, February 24, 1999 -- Anixter International Inc. (NYSE:AXE) today announced that it has authorized the repurchase of up to 1 million shares of its outstanding common stock.

The Company currently has approximately 42 million shares outstanding.

Founded in 1957, Anixter International is the world’s leading distributor of communications products, serving customers from 180 locations in 40 countries.

Safe Harbor Statement
The statements in this release that use such words as "believe," "expect," "intend," "anticipate," "contemplate," "estimate," "plan," "should," "may," or similar expressions are forward-looking statements. These statements are subject to a number of factors that could cause the company’s actual results to differ materially from what is indicated here. These factors include general economic conditions, technology changes, changes in supplier or customer relationships, exchange rate fluctuations, new or changed competitors, and the receipt of regulatory approvals and the completion of its sale of North American Network Integration operations.


Anixter Editorial Contact


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