Exhibit 99.1

Contact: Neil Lefort

Senior Vice President

(630) 527-4344

MOLEX REPORTS RECORD REVENUE FOR 2008 FOURTH FISCAL QUARTER;
INCREASES CASH DIVIDEND 36 PERCENT; ANNOUNCES $200 MILLION STOCK
REPURCHASE; PROVIDES GROWTH OUTLOOK FOR FISCAL 2009

Lisle, Ill, USA — August 5, 2008 — Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, today reported results for its 2008 fourth fiscal quarter.

2008 Fourth Fiscal Quarter Results

Revenue for the quarter ended June 30, 2008 was $871.9 million, an increase of 10.1% over the same period last fiscal year. Revenue in local currencies increased 1.9% as currency translation improved revenue by $64.9 million, compared with last year’s June quarter.

Net income for the June quarter was $52.6 million, or $0.29 per share. Included in the current quarter results was a charge of $15.0 million ($9.9 million after-tax or approximately $0.06 per share), relating to the previously announced restructuring program and an income tax charge of $10.9 million ($0.06 per share) due to foreign tax credit adjustments. This compares with net income of $32.7 million, or $0.18 per share in the prior year quarter that included restructuring charges of $36.9 million ($30.3 million after-tax or approximately $0.16 per share). Without these two charges, earnings per share in the June quarter would have been $0.41 per share, a 20.6% increase when compared with $0.34 in the prior year quarter.

Martin P. Slark, CEO and Vice-Chairman commented, “The June quarter revenue and operating results were within our previous outlook. We were pleased with the 10.1% increase in revenue to a record level, although currency translation was a contributing factor. We continue to benefit from our strong presence in Asia/Pacific and our focus on new product development. The sequential increase in revenue of 6%, when compared with the March quarter was also encouraging, and less impacted by currency.”

When compared with last year’s June quarter, revenue increased in the telecom and data markets by 28% and 10% respectively. This strong growth is the result of our leadership in providing complete solutions utilizing high speed, optical, and micro-miniature advanced integration technologies. Consumer electronics increased 17%, the result of global demand for digital entertainment products, as well as increased penetration at several fast growing customers. Revenue in the automotive market increased 1%, reflecting a challenging environment particularly in North America, and an external strike that was ultimately settled during the quarter. Revenue in the industrial market was down 10%, impacted by actions taken to divest certain low margin businesses, as well as slower economic activity in the United States and Europe. Revenue grew 18% in medical electronics and 12% in military/aerospace. While these markets represent a small portion of current revenue, we believe they present excellent growth opportunities.

Gross profit margin for the June quarter was 31.0%, compared with 30.9% in the March quarter, and 30.0% in last year’s June quarter. SG&A expense for the June quarter was 19.6% of revenue, compared with 20.4% in the March quarter and 20.4% in last year’s June quarter. The effective tax rate for the June quarter was 42.2%, reflecting the income tax charge previously mentioned.

Orders and Backlog

Orders were $858.0 million, up 10.6% when compared with $775.8 million in the prior year June quarter. This is a reasonable order rate and consistent with the estimated revenue growth for the September quarter. The order backlog on June 30, 2008 was $436.5 million, compared with $332.5 million in the prior year June quarter, and $460.7 million in the March quarter.

Research and Development and Capital Spending

Research and development expenditures for the June quarter were $39.0 million, compared with $37.4 million in the prior year June quarter. Capital expenditures for the June quarter were $71.2 million, compared with $77.4 million in the prior year June quarter.

2008 Fiscal Full Year Results

Revenue for the fiscal year ended June 30, 2008 was $3.33 billion, an increase of 1.9% compared with the prior fiscal year. Revenue in local currencies declined 3.3% as currency translation increased revenue by $169.3 million, compared with the prior fiscal year.

Net income was $215.4 million, or $1.19 per share, as compared with net income for the prior year of $240.8 million, or $1.30 per share. Included in the fiscal year results were restructuring charges of $31.2 million ($21.0 million after-tax or $0.12 per share) and income tax charges related to changes in prior years’ foreign tax credits of $17.2 million ($0.09 per share). Included in the prior year results was a restructuring charge of $36.9 million ($30.3 million after-tax or $0.16 per share).

Capital expenditures for the fiscal year were $234.6 million, or 7.0% of revenue, down significantly from the prior year level of $296.9 million, or 9.1% of sales. This reduction is consistent with the Company’s goal of increasing asset efficiency by lowering the incremental investment required to drive future growth.

Increase in Cash Dividend

The Board of Directors has approved an increase in the regular quarterly cash dividend to $0.1525 per share, an increase of 36% from the previous cash dividend of $0.1125 per share. The new regular quarterly cash dividend will be payable on October 24, 2008 to shareholders of record on September 30, 2008, for each share of Common Stock (MOLX), Class A Common Stock (MOLXA) and Class B Common Stock, and will continue quarterly until further action by the Board. This is the fifth increase in the last five years and represents a CAGR over the period of 44%.

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Stock Repurchase Actions and New Authorization

During the quarter, we repurchased 1,054,500 shares of Class A Common Stock (MOLXA) and 175,000 shares of Common Stock (MOLX) at a total cost of $33.4 million. The Board of Directors had previously authorized the repurchase of up to $200 million of common stock through June 30, 2008. During the fiscal year, we purchased an aggregate amount of $199.6 million of Common Stock.

The Board of Directors has again authorized the repurchase of Molex shares on a discretionary basis. The authorization allows the repurchase of the outstanding Common Stock (MOLX) and/or Class A Common Stock (MOLXA) during the period ending June 30, 2009, up to an aggregate value of $200 million.

Restructuring Update and Increase/Extension of Program

On June 18, 2007 we announced a two-year restructuring program with the goal of reducing operating costs and capital expenditures as a percentage of revenue. The plan is proceeding on schedule. The initial estimate for total annualized pretax savings was in the range of $75 million to $100 million, and a pretax restructuring charge in a range of $100 million to $125 million.

We remain committed to achieving our operating profit goal. The cost reduction savings are as expected, however the benefit to incremental profit has been diminished by inflation and rising raw material costs. While recent trends in raw material costs have been positive, we believe it prudent to remain focused on operating cost reduction. As a result, the scope of the restructuring program will be increased. The revised estimate for annual pretax savings is $100 million to $120 million, and for a total pretax restructuring charge of $125 million to $140 million. These actions are expected to be completed early in fiscal 2010.

2009 Fiscal Year and First Fiscal Quarter Outlook

The actions taken over the last several years to strengthen our organization by transitioning to a Product Division Structure have been successfully completed. The new structure has contributed to reducing both capital deployed and operating costs in relationship to revenue. The new organization has also enhanced our strength in the developing markets, and our ability to deploy our technical and selling resources on a more global basis, when compared with the previous regional structure. As a result, and supported by our financial strength, we are able to significantly increase the cash dividend and to renew the stock repurchase authorization. Our financial strength is also supportive of new product development and strategic acquisitions.

While our visibility is limited, thus making it difficult to forecast the first half of calendar 2009, we believe it useful to provide investors with our initial view for the fiscal year ending June 30, 2009. We also think it prudent to temper our internal forecast by considering, to the extent possible, concerns in the external economic environment, and have done so in the following outlook.

We believe that current demand and connector inventories within the supply chain support a positive revenue outlook, and that our cost reduction and pricing initiatives will contribute to growth in earnings per share in an estimated range of 11% to 17%.

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For the fiscal year ending June 30, 2009, revenue is estimated in a range of $3.50 to $3.60 billion. The mid-point of this estimate represents growth of 6.7% over fiscal year 2008. GAAP earnings per share are estimated in a range of $1.33 to $1.43. These estimates include a restructuring charge in a range of $50 to $65 million, with a mid-point impact to earnings per share of approximately $0.22 per share. Without these charges, earnings per share are estimated in a range of $1.55 to $1.65. These results assume an effective tax rate of 32.0%.

During FY09 the focus of the organization will be on increasing market share, the introduction of new products, and the reduction of operating costs and capital expenditures. In addition, the pricing initiatives introduced during the 2008 fourth fiscal quarter and effective July 1, 2008, will be continued during the fiscal year.

Revenue for the first fiscal quarter ending September 30, 2008, is estimated in a range of $860 to $880 million. The mid-point of this estimate represents growth of 9.8% when compared with the prior year September quarter. GAAP earnings per share are estimated in a range of $0.35 to $0.40. These estimates include a restructuring charge of approximately $0.01 per share.

Capital expenditures for the fiscal year ending June 30, 2009 are expected to be in a range of $230 to $250 million, or approximately 6.75% of the mid-point estimated revenue.

Forward-Looking Statements

Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Forward-looking statements are based on currently available information and include, among others, the discussion under “2009 Fiscal Year and First Fiscal Quarter Outlook.” These risks and uncertainties include those associated with the operation of our business, including the risk that customer demand will decrease either temporarily or permanently, whether due to the Company’s actions or the demand for the Company’s products, and that the Company may not be able to respond through cost reductions in a timely and effective manner; price cutting, new product introductions and other actions by our competitors; fluctuations in the costs of raw materials that the Company is not able to pass through to customers because of existing contracts or market factors; the challenges attendant to plant closings and restructurings, including the difficulty of predicting plant closing and relocation costs, the difficulty of commencing or increasing production at existing facilities, and the reactions of customers, governmental units, employees and other groups, the challenges attendant to plant construction; and the ability to realize cost savings from restructuring activities, as well as difficulty implementing the transition to a product-focused organization structure.

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Other risks and uncertainties are set forth in Item 1A “Risk Factors” of the Company’s Form 10-K for the year ended June 30, 2008, which is incorporated by reference and in reports that Molex files or furnishes with the Securities and Exchange Commission. This release speaks only as of its date and Molex disclaims any obligation to revise these forward-looking statements or to provide any updates regarding information contained in this release resulting from new information, future events or otherwise.

Earnings Conference Call and August 6^th Analysts Meeting Information

The quarterly conference call will be held at 10:00am central on Wednesday, August 6^th at the start of the Molex Analysts Meeting to be held in Rosemont, Illinois. Internet users will be able to access the webcast (audio and slides) for the portion of the meeting between 10:00-11:30am central at www.molex.com live and in replay or via telephone (800) 573-4842 or (617) 224-4327 / passcode 19075770 — replay (888) 286-8010 or (617) 801-6888 / passcode 84110622.

Other Investor Events

August 26, 2008 — Morgan Stanley Semiconductor / Semi Cap Equipment Corporate Access Day in Chicago, Illinois

September 4, 2008 — Citi 15^th Annual Global Technology Conference in New York, New York

Note: The Company’s SEC filings, as well as news releases and other supplementary financial data are available on the Company’s website at www.molex.com.

Molex Incorporated is a 70-year-old manufacturer of electronic components, including electrical and fiber optic interconnection products and systems, switches and integrated products, with 45 manufacturing locations in 17 countries throughout the world.

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Editor’s note: Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Company’s voting common stock (MOLX) is included in the S&P 500 Index.

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Molex Incorporated
Adjusted Results
(Unaudited)
(in thousands, except per share data)

Three months ended June 30, 2008:

	U.S.		Restructuring			Tax			Adjusted
	GAAP		Adjustment			Adjustment			Results(1)
Net revenue	$	871,892	$	—		$	—		$	871,892
Cost of sales		601,383		—			—			601,383
Gross profit		270,509		—			—			270,509
Selling, general and administrative		171,065		—			—			171,065
Restructuring costs and asset impairments		14,961		(14,961	)		—			—
Total operating expenses		186,026		(14,961	)		—			171,065
Income from operations		84,483		14,961			—			99,444
Investment income		4,265		—			—			4,265
Interest income, net		2,228		—			—			2,228
Other income, net		6,493		—			—			6,493
Income before income taxes		90,976		14,961			—			105,937
Income taxes		38,365		5,067			(10,871	)		32,561
Net income	$	52,611	$	9,894		$	10,871		$	73,376
Earnings per share:
Basic	$	0.30							$	0.41
Diluted	$	0.29							$	0.41
Average common shares outstanding:
Basic		177,927								177,927
Diluted		178,965								178,965

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Year ended June 30, 2008:

	U.S.		Restructuring			Tax			Adjusted
	GAAP		Adjustment			Adjustment			Results(1)
Net revenue	$	3,328,347	$	—		$	—		$	3,328,347
Cost of sales		2,314,112		—			—			2,314,112
Gross profit		1,014,235		—			—			1,014,235
Selling, general and administrative		665,038		—			—			665,038
Restructuring costs and asset impairments		31,247		(31,247	)		—			—
Total operating expenses		696,285		(31,247	)		—			665,038
Income from operations		317,950		31,247			—			349,197
Investment income		11,506		—			—			11,506
Interest income, net		9,192		—			—			9,192
Other income, net		20,698		—			—			20,698
Income before income taxes		338,648		31,247			—			369,895
Income taxes		123,211		10,259			(17,215	)		116,255
Net income	$	215,437	$	20,988		$	17,215		$	253,640
Earnings per share:
Basic	$	1.19							$	1.41
Diluted	$	1.19							$	1.40
Average common shares outstanding:
Basic		180,474								180,474
Diluted		181,395								181,395

(1) Adjusted results is a non-GAAP financial measure. We refer to non-GAAP financial measures to describe earnings for such periods excluding the items referenced above. This is in addition to disclosing the most directly comparable measure for such periods determined in accordance with generally accepted accounting principles (GAAP). We believe that these non-GAAP financial measures provide useful information to investors because they provide information about the estimated financial performance of Molex’s ongoing business and provide for greater transparency of supplemental information used by management in its financial and operational decision-making. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

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Molex Incorporated
Consolidated Balance Sheets
(in thousands, except per share data)

	June 30,
	2008		2007
ASSETS
Current assets:
Cash and cash equivalents	$	475,507	$	378,361
Marketable securities		34,298		82,549
Accounts receivable, less allowances of $40,243 in 2008 and $31,064 in 2007		740,827		685,666
Inventories		458,295		392,680
Deferred income taxes		23,444		16,171
Prepaid expenses		50,589		35,400
Total current assets		1,782,960		1,590,827
Property, plant and equipment, net		1,172,395		1,121,369
Goodwill		373,623		334,791
Non-current deferred income taxes		62,521		103,626
Other assets		208,038		165,495
Total assets	$	3,599,537	$	3,316,108
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term loans	$	66,687	$	1,537
Accounts payable		350,413		279,847
Accrued expenses:
Salaries, commissions and bonuses		74,689		66,532
Other		84,525		121,358
Income taxes payable		73,124		61,677
Total current liabilities		649,438		530,951
Other non-current liabilities		21,346		25,612
Accrued pension and other postretirement benefits		105,574		108,693
Long-term debt		146,333		127,821
Total liabilities		922,691		793,077
Commitments and contingencies Total stockholders’ equity		2,676,846		2,523,031
Total liabilities and stockholders’ equity	$	3,599,537	$	3,316,108

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Molex Incorporated
Condensed Consolidated Statements of Income
(in thousands, except per share data)

	Three Months Ended				Years Ended
	June 30,				June 30,
	2008		2007		2008		2007
Net revenue	$	871,892	$	791,848	$	3,328,347	$	3,265,874
Cost of sales		601,383		554,046		2,314,112		2,249,166
Gross profit		270,509		237,802		1,014,235		1,016,708
Selling, general and administrative		171,065		161,826		665,038		658,289
Restructuring costs and asset impairments		14,961		36,869		31,247		36,869
Total operating expenses		186,026		198,695		696,285		695,158
Income from operations		84,483		39,107		317,950		321,550
Investment income		4,265		2,817		11,506		8,125
Interest income, net		2,228		2,413		9,192		8,582
Other income, net		6,493		5,230		20,698		16,707
Income before income taxes		90,976		44,337		338,648		338,257
Income taxes		38,365		11,615		123,211		97,489
Net income	$	52,611	$	32,722	$	215,437	$	240,768
Earnings per share:
Basic	$	0.30	$	0.18	$	1.19	$	1.31
Diluted	$	0.29	$	0.18	$	1.19	$	1.30
Average common shares outstanding:
Basic		177,927		184,049		180,474		183,961
Diluted		178,965		185,356		181,395		185,565

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Molex Incorporated
Consolidated Statements of Cash Flows
(in thousands)

	Years Ended June 30,
	2008			2007			2006
Operating activities:
Net income	$	215,437		$	240,768		$	236,091
Add (deduct) non-cash items included in net income:
Depreciation and amortization		252,344			237,912			214,657
Asset write-downs included in restructuring costs		13,599			8,667			2,870
(Gain) loss on investments		111			(1,154	)		1,245
Deferred income taxes		31,096			20,998			(8,501	)
Loss (gain) on sale of property, plant and equipment		296			1,800			(701	)
Share-based compensation		24,249			27,524			30,548
Other non-cash items		(6,778	)		23,373			3,859
Changes in assets and liabilities, excluding effects of foreign currency adjustments and acquisitions:
Accounts receivable		478			27,913			(112,873	)
Inventories		(26,240	)		(16,514	)		(45,987	)
Accounts payable		34,197			(57,479	)		43,875
Other current assets and liabilities		(45,798	)		(60,421	)		58,857
Other assets and liabilities		(13,857	)		(1,953	)		19,916
Cash provided from operating activities		479,134			451,434			443,856
Investing activities:
Capital expenditures		(234,626	)		(296,861	)		(276,783	)
Proceeds from sales of property, plant and equipment		14,978			9,946			24,436
Proceeds from sales or maturities of marketable securities		811,724			4,856,301			1,351,165
Purchases of marketable securities		(764,966	)		(4,785,080	)		(1,313,829	)
Acquisitions, net of cash acquired		(42,503	)		(238,072	)		(24,565	)
Other investing activities		(2,763	)		7,637			(1,203	)
Cash used for investing activities		(218,156	)		(446,129	)		(240,779	)
Financing activities:
Proceeds from revolving credit facility and short-term loans		139,590			44,000			—
Payments on revolving credit facility		(75,000	)		(44,000	)		—
Proceeds from issuance of long-term debt		—			131,045			—
Payments of long-term debt		(1,948	)		(26,937	)		(3,693	)
Cash dividends paid		(74,598	)		(55,176	)		(34,843	)
Exercise of stock options		16,732			15,416			15,783
Excess tax benefits from share-based compensation		1,677			1,714			369
Purchase of treasury stock		(199,583	)		(34,889	)		(165,323	)
Other financing activities		(4,176	)		(2,644	)		(2,107	)
Cash provided from (used for) financing activities		(197,306	)		28,529			(189,814	)
Effect of exchange rate changes on cash		33,474			11,712			9,796
Net increase in cash and cash equivalents		97,146			45,546			23,059
Cash and cash equivalents, beginning of year		378,361			332,815			309,756
Cash and cash equivalents, end of year	$	475,507		$	378,361		$	332,815

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