EXHIBIT 99.1

		Contact: Steve Martens,
		VP Investor Relations
		Molex Incorporated
		630-527-4344

For Immediate Release

MOLEX REPORTS THIRD QUARTER RESULTS AND ANNOUNCES DIVIDEND INCREASE

Lisle, Ill., USA — May 3, 2011 — Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, today reported results for its fiscal 2011 third quarter ended March 31, 2011.

		Three Months Ended
		Mar. 31,				Dec. 31,				Mar. 31,
USD millions, except per share data		2011				2010				2010
Net revenue		$	874.5			$	901.5			$	756.3
Net income			68.1				78.3				38.4
Earnings per share			0.39				0.45				0.22

Revenue for the March 2011 quarter of $874.5 million increased 16% from the March 2010 quarter and declined 3% from the December 2010 quarter. Revenue in local currencies increased 13% compared with the prior year quarter and declined 4% compared with the December 2010 quarter. Orders for the quarter were $880 million, an increase of 5% from the prior year quarter and 1% from the December 2010 quarter.

Net income for the March 2011 quarter was $68.1 million or $0.39 per share, compared with net income of $38.4 million, or $0.22 per share, for the March 2010 quarter and $78.3 million, or $0.45 per share, for the December 2010 quarter. The effective tax rate for the current quarter was 30.4%. These periods include costs related to unauthorized activities in Japan as outlined below in our update on this matter. The March 2010 quarter also included restructuring costs of $9.1 million ($7.4 million after-tax or $0.04 per share).

“We were fortunate that the recent natural disasters in Japan had only a minor impact on Molex this quarter. Our employees are safe and our facilities are operational,” commented Martin P. Slark, Molex’s Chief Executive Officer. “Financial results for the March quarter were generally in line with our guidance and expectations; however, we do expect additional impact on our results in the June quarter due to supply chain disruptions in Japan. Fortunately, we have significant new product introductions and strong new orders outside of Japan which will help to mitigate this situation.”

“The rate of expansion of mobile computing, investments in data and communication infrastructure and growth of the middle class in emerging markets continues to accelerate, driving increased demand for our many products. Our new organization structure, Focus Account program and portfolio management initiatives position Molex to benefit from these strong trends.”

Other financial highlights for the quarter ended March 31, 2011:

	•		Gross profit margin was 29.8% in the March 2011 quarter, compared with 31.2% in the March 2010 quarter and 30.1% in the December 2010 quarter.
	•		SG&A expense was $159.4 million, or 18.2% of revenue compared with 20.7% in the March 2010 quarter and 17.6% in the December 2010 quarter.
	•		Capital expenditures were $64.2 million or 7.3% of revenue.
	•		Depreciation and amortization was $60.9 million or 7.0% of revenue.
	•		Backlog was $425.4 million, an increase of $11.7 million or 2.8% from the December 2010 quarter. The book-to-bill ratio was 1.01 for the March 2011 quarter.

Unauthorized Activities in Japan

As previously disclosed, in April 2010 Molex launched an investigation into unauthorized activities in its Japanese subsidiary after it was learned that an individual had obtained unauthorized loans and entered into unauthorized trading in Molex Japan’s name. The Company retained outside legal counsel and they retained forensic accountants to investigate the matter and that investigation has been completed. On August 31, 2010, the bank which holds the unauthorized loans filed a complaint in Tokyo District Court requesting payment from Molex Japan. Molex Japan intends to vigorously contest the enforceability of the outstanding unauthorized loans and any attempt by the lender to obtain payment.

Net income for the March 2011, December 2010 and March 2010 quarters were impacted by costs related to the unauthorized activities in Japan of $2.9 million ($1.8 million after-tax or $0.01 per share), $2.7 million ($1.7 million after-tax or $0.01 per share), and $8.0 million ($5.1 million after-tax or $0.03 per share), respectively.

Increase in Cash Dividend

The Board of Directors has approved an increase in the quarterly cash dividend to $0.20 per share, an increase of 14.3% from the previous cash dividend of $0.175 per share. The increase is effective for the cash dividend payable on July 25, 2011 to shareholders of record on June 30, 2011, 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.

Outlook

The Company has considered the estimated impact on revenue and earnings from the natural disasters in Japan in setting its guidance for the coming quarter. In consideration of these factors and assuming constant foreign currency rates and commodity prices, the Company estimates revenue in a range of $900 to $930 million for the June 2011 quarter, even after a reduction of approximately $20 million due to supply chain disruptions in Japan. At this level of revenue, the Company expects earnings per share in a range of $0.42 to $0.48 assuming an effective tax rate of 30%. In addition, the guidance assumes unusual costs due to the events in Japan including freight, production inefficiencies and asset related charges totaling $3 to $4 million.

Earnings Conference Call Information

A conference call will be held on Tuesday, May 3, 2011 at 4:00 pm central time. Please dial (888) 680-0894 to participate in the call. International callers should dial (617) 213-4860. Please dial in at least five minutes prior to the start of the call and refer to participant pass code 73185691. Internet users will be able to access the webcast, including slide materials, live and in replay in the “Investors” section of the Company’s website at www.molex.com. A 48-hour telephone replay will be available at approximately 6:00 pm central time at (888) 286-8010 or (617) 801-6888 / pass code 47915877.

Other Investor Events

May 24, 2011 / 5^th Annual Barrington Research Industrial & Business Services Conf / Chicago
June 16, 2011 / William Blair & Company’s 31^st Annual Growth Stock Conference / Chicago
June 21, 2011 / NASDAQ OMX 26^th Investor Program / London

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. Words such as “anticipates,” “expects,” “believes,” “intends,” “plans,” “projects,” “estimates,” “potential,” and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based on currently available information and include, among others, the discussion under “Outlook.” These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions including 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; the risk that the value of our inventory may decline; 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 availability of credit and general market liquidity; fluctuations in currency exchange rates; natural disasters; the financial condition of our customers; labor cost increases; the challenges attendant to plant closings and restructurings, the difficulty of commencing or increasing production at existing facilities, and the reactions of customers, governmental units, employees and other groups; and the ability to realize cost savings from restructuring activities, the outcome of legal proceedings and losses resulting from unauthorized activities in Molex Japan.

Other factors, risks and uncertainties are set forth in Item 1A “Risk Factors” of the Company’s Form 10-K for the year ended June 30, 2010, and for the Form 10-Q for the quarters ended September 30, 2010 and December 31, 2010, which are incorporated by reference and in other reports that Molex files or furnishes with the Securities and Exchange Commission. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements. As a result, 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.

Molex Incorporated is a 72-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the Company operates 39 manufacturing locations in 16 countries. The Molex website is www.molex.com.

# # #

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.

Molex Incorporated
Condensed Consolidated Balance Sheets
(in thousands)

		Mar. 31,				June 30,
		2011				2010
		(unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	447,796			$	376,352
Marketable securities			20,400				18,508
Accounts receivable, less allowances of $47,275 and $43,650 respectively			780,761				734,932
Inventories			546,080				469,369
Deferred income taxes			115,278				112,531
Other current assets			36,978				64,129
Total current assets			1,947,293				1,775,821
Property, plant and equipment, net			1,139,918				1,055,144
Goodwill			148,422				131,910
Non-current deferred income taxes			81,767				94,191
Other assets			189,571				179,512
Total assets		$	3,506,971			$	3,236,578
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt and short-term borrowings		$	116,724			$	110,070
Accounts payable			353,188				395,474
Accrued expenses:
Accrual for unauthorized activities in Japan			178,339				165,815
Income taxes payable			20,906				21,505
Other			214,809				219,832
Total current liabilities			883,966				912,696
Other non-current liabilities			22,244				19,869
Accrued pension and postretirement benefits			130,033				135,448
Long-term debt			202,549				183,434
Total liabilities			1,238,792				1,251,447
Commitments and contingencies
Total stockholders’ equity			2,268,179				1,985,131
Total liabilities and stockholders’ equity		$	3,506,971			$	3,236,578

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

		Three Months Ended								Nine Months Ended
		March 31,								March 31,
		2011				2010				2011				2010
Net revenue		$	874,531			$	756,294			$	2,673,668			$	2,159,903
Cost of sales			613,917				520,564				1,866,933				1,520,218
Gross profit			260,614				235,730				806,735				639,685
Selling, general and administrative			159,448				156,374				475,548				452,108
Restructuring costs and asset impairments			—				9,068				—				90,596
Unauthorized activities in Japan			2,855				8,032				11,110				22,129
Total operating expenses			162,303				173,474				486,658				564,833
Income from operations			98,311				62,256				320,077				74,852
Interest (expense) income, net			(1,726	)			(2,298	)			(4,849	)			(4,584	)
Other income (expense)			1,325				(2,721	)			5,766				62
Total other (expense) income			(401	)			(5,019	)			917				(4,522	)
Income before income taxes			97,910				57,237				320,994				70,330
Income taxes			29,765				18,790				99,462				33,179
Net income		$	68,145			$	38,447			$	221,532			$	37,151
Earnings per share:
Basic		$	0.39			$	0.22			$	1.27			$	0.21
Diluted		$	0.39			$	0.22			$	1.26			$	0.21
Dividends declared per share		$	0.1750			$	0.1525			$	0.5025			$	0.4575
Average common shares outstanding:
Basic			174,957				173,858				174,666				173,689
Diluted			176,449				174,838				175,678				174,523

Molex Incorporated
Condensed Consolidated Statements of Cash Flows
(unaudited)
(in thousands)

		Nine Months Ended
		March 31,
		2011				2010
Operating activities:
Net income		$	221,532			$	37,151
Add non-cash items included in net income:
Depreciation and amortization			181,716				180,699
Share-based compensation			17,009				21,024
Non-cash restructuring and other costs, net			—				20,041
Other non-cash items			17,719				21,817
Changes in assets and liabilities:
Accounts receivable			(2,143	)			(122,127	)
Inventories			(43,112	)			(62,059	)
Accounts payable			(63,725	)			48,809
Other current assets and liabilities			3,903				21,701
Other assets and liabilities			(5,968	)			14,870
Cash provided from operating activities			326,931				181,926
Investing activities:
Capital expenditures			(196,915	)			(150,001	)
Proceeds from sales of property, plant and equipment			1,460				8,082
Proceeds from sales or maturities of marketable securities			5,568				47,339
Purchases of marketable securities			(6,062	)			(15,259	)
Acquisitions			(18,847	)			(10,097	)
Other investing activities			(196	)			(5,308	)
Cash used for investing activities			(214,992	)			(125,244	)
Financing activities:
Proceeds from revolving credit facility			85,000				154,000
Payments on revolving credit facility			(20,000	)			(79,000	)
Proceeds from short-term loans			28,856				—
Payments on short-term loans			(31,843	)			—
Net change in long-term debt			(47,908	)			(53,194	)
Cash dividends paid			(83,766	)			(79,420	)
Exercise of stock options			5,935				2,257
Other financing activities			(2,990	)			(2,056	)
Cash used for financing activities			(66,716	)			(57,413	)
Effect of exchange rate changes on cash			26,221				7,778
Net increase in cash and cash equivalents			71,444				7,047
Cash and cash equivalents, beginning of period			376,352				424,707
Cash and cash equivalents, end of period		$	447,796			$	431,754