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Logitech to Begin New Share Buyback Program; Company Announces Completion of CHF 250 Million Buyback, Beginning of CHF 300 Million Buyback

Nov 16, 2005

FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 16, 2005 (BUSINESS WIRE) -- Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that it plans to begin its new 300 million Swiss franc (approximately $227 million) share buyback program in late November 2005. The company also announced that it has completed its earlier share buyback program of 250 million Swiss francs.

On June 16, 2005 Logitech announced that its board of directors had approved the new buyback program and that repurchases under it would start upon completion of the 250 million Swiss franc program initiated in April 2004, and approval of Swiss regulatory authorities. Under the earlier program, completed on Nov. 16, 2005, Logitech repurchased a total of 7,487,257 shares at an average per share price of CHF 33.39 ($26.80).

About Logitech

Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.

Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the Company's Web site at www.logitech.com.

(LOGI - IR)

SOURCE: Logitech International

Logitech International 
Joe Greenhalgh, 510-713-4430
(Vice President, Investor Relations -- USA)
Ben Starkie, +41-(0) 21-863-5195
(Public Relations Manager -- Europe)
Nancy Morrison, 510-713-4948
(Director, Corporate Communications -- USA)

Copyright Business Wire 2005

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