Anixter Announces Convertibility Window Period Prior to Final Maturity of the 1.00% Senior Convertible Notes

GLENVIEW, Ill.--(BUSINESS WIRE)--

Anixter International Inc. (the “Company”) announced today that under Section 4.01(a)(6) of the indenture dated February 16, 2007, the company's 1.00% senior convertible notes due 2013 CUSIPs 035290AJ4 and 035290AH8 (the “Notes”) became convertible beginning today, January 15, 2013, through 5 p.m. EST on Thursday, February 14, 2013. The final maturity date of the notes is Friday, February 15, 2013. The present conversion rate of the notes is 17.917 shares of the company's common stock per $ 1,000 principal amount of notes.

Pursuant to the terms of the indenture, the company will settle its conversion obligations up to the principal amount of the notes in cash and may elect to satisfy any conversion obligations for amounts in excess thereof in stock, cash or a combination of stock and cash. The company intends to settle all amounts due upon conversion (including any amounts in excess of the principal amount) in cash.

The Bank of New York Mellon Trust Company, N.A. is the trustee and the conversion agent for the notes. All questions regarding procedures of the conversion of the Notes should be directed to Mary Callahan at Bank of New York Mellon at:

Mary Callahan

Phone: 312-827-8546

Address: The Bank of New York Mellon Trust Company, N.A.

2 N. LaSalle Street, Suite 1020

Chicago, IL 60602

This press release is only a summary of certain provisions of the notes and indenture. A complete explanation of the conversion rights of the holders of the notes, as well as the procedures required to convert the notes is set forth in the indenture.

About Anixter

Anixter International is a leading global distributor of communication and security products, electrical and electronic wire and cable, fasteners and other small parts. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs; 2) more than 450,000 products and over $1 billion in inventory; 3) approximately 220 warehouses with 7 million square feet of space; and 4) locations in over 250 cities and 50 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on the New York Stock Exchange under the symbol AXE.

Additional information about Anixter is available at anixter.com.