BRIGHTPOINT INC
			Symbol			CELL

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Brightpoint Enters Into Agreement to Settle Indemnity Claims and Repurchase 3 Million Shares From Shareholder

2009-10-02 07:00 ET - News Release

  *  Brightpoint purchases 3 million of its shares from NC Holding
     for $15.5 million under its Previously Announced $50 Million
     Share Repurchase Program
  *  Settlement Agreement with NC Holding settles Brightpoint's
     indemnification claims previously made pursuant to the Dangaard
     Acquisition Agreement
  *  NC Holding's Sole Remaining Designated Director, Thorleif
     Krarup, Resigns from Brightpoint's Board of Directors Pursuant
     to the Agreement

INDIANAPOLIS, Oct. 1, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (the "Company" or "Brightpoint") (Nasdaq:CELL) today announced that the Company has entered into a settlement agreement with NC Telecom Holding A/S ("NC Holding"), which provides for Brightpoint to purchase 3 million Brightpoint shares from NC Holding for $15.5 million under the previously announced share repurchase program.

Under the settlement agreement, the Company's indemnification claims previously made against NC Holding pursuant to the Dangaard acquisition agreement have been settled. In addition, the settlement agreement provides that NC Holding will no longer have the right to designate any candidate to be considered to serve on the Company's Board of Directors and that Thorleif Krarup has agreed to immediately resign from the Board of Directors.

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