Jabil and Carl Zeiss Create Joint Venture to Develop and Manufacture Optical Modules and Engines

Carl Zeiss will provide digital light processing (DLP) technologyknow-how to the partnership, including core competencies in thedevelopment, technology, marketing, sales and production of displayapplications. Jabil will integrate the resources of the joint ventureinto an established global development and production platform focusedon providing their consumer electronics customers an outstanding valueproposition.

"Our strong technical and manufacturing capabilities coupled withthe superior optics and light processing experience of Carl Zeiss,will give us a leading role in the growing optical module and opticalengine market," explained Scott Brown, Executive Vice President, JabilCircuit.

"With Jabil Circuit, we have found a partner that is very familiarwith the mass production of consumer electronics and able to continueand enhance the business with optical modules," said Dr. Franz vonFalkenhausen, President & CEO of Carl Zeiss Jena GmbH and ExecutiveV.P. & G.M. of the Opto-Electronic Systems Group.

About Jabil Circuit

Jabil is an electronic product solutions company providingcomprehensive electronics design, manufacturing and product managementservices to global electronics and technology companies. Jabil helpsbring electronics products to the market faster and more costeffectively by providing complete product supply chain managementaround the world. With more than 55,000 employees and facilities in 20countries, Jabil provides comprehensive, individualized-focusedsolutions to customers in a broad range of industries. Jabil commonstock is traded on the New York Stock Exchange under the symbol "JBL."

Further information is available on the company's website:http://jabil.com.
Jabil Contact:
Ken Darby
Jabil Circuit
10560 Dr. Martin Luther King Jr. Street North
St. Petersburg, Florida 33716
Tel.: 1-727-803-5755
Email: ken_darby@jabil.com

About Carl Zeiss

Carl Zeiss is a leading international group of companies operatingworldwide in the optical and opto-electronic industry. Carl Zeiss AGis headquartered in Oberkochen, Germany.

The business groups, which each operate with sole responsibility,are generally ranked first or second in the strategic markets ofbiosciences and medical technology, system solutions for industry andoptical consumer goods. They offer products and services forbiomedical research and medical technology, system solutions for thesemiconductor, automotive and mechanical engineering industries, aswell as high-quality consumer goods such as camera lenses andbinoculars. In fiscal year 2004/05 (ended September 30) the Carl ZeissGroup generated revenues totaling EUR 2,222 million. It employs 11,500people across the globe, including 3,300 outside Germany. The CarlZeiss Group is directly represented in more than 30 countries andoperates production facilities in Europe, America and Asia.

The eyeglass business has been merged with the US company SolaInternational and now operates as Carl Zeiss Vision InternationalGmbH. This company is owned 50:50 by Carl Zeiss AG and a privateequity company.

Jena-based Zeiss subsidiaries -- Carl Zeiss Jena GmbH, Carl ZeissMeditec AG and Carl Zeiss SMS GmbH -- generated total revenue of EUR344 million in fiscal year 2004/2005 (October 1 to September 30) witha workforce of approximately 1600 employees. The portfolio of CarlZeiss in Jena covers the major future markets of life sciences,ophthalmology, display technologies and semiconductor fabrication.

Further information is available at www.zeiss.com.
Carl Zeiss Contact:
Carl Zeiss Communications
Carl-Zeiss-Promenade 10
07745 Jena, Germany
Gudrun Vogel
Tel.: +49 (0) 3641/ 64-2770
Fax: +49 (0) 3641/ 64-2941
Email: g.vogel@zeiss.de
Internet: www.zeiss.de

This news release contains forward-looking statements, includingthose regarding the anticipated outlook for our business, ourcurrently estimated second quarter and full fiscal year 2006 netrevenue and earnings results and our long-term outlook for ourcompany, our industry and our business sectors. These statements arebased on current expectations, forecasts and assumptions involvingrisks and uncertainties that could cause actual outcomes and resultsto differ materially. These risks and uncertainties include, but arenot limited to: fluctuations in operating results; changes intechnology; competition; anticipated growth for us and our industrythat may not occur; managing rapid growth; managing any rapid declinesin customer demand that may occur; our ability to successfullyconsummate acquisitions; managing the integration of businesses weacquire; risks associated with international sales and operations;retaining key personnel; our dependence on a limited number ofcustomers; business and competitive factors generally affecting theelectronic manufacturing services industry, our customers and ourbusiness; other factors that we may not have currently identified orquantified; and other risks, relevant factors and uncertaintiesidentified in our Annual Report on Form 10-K for the fiscal year endedAugust 31, 2005, subsequent Reports on Form 10-Q and Form 8-K and ourother securities filings. Jabil disclaims any intention or obligationto update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise.