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John Millerick
Senior Vice President & CFO
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Analogic Corporation Announces
Cash Dividend For Its First Quarter

Peabody, MA (December 10, 2003) — Bernard M. Gordon, Chairman of the Board of Analogic Corporation (NASDAQ:ALOG), a leading designer and manufacturer of high precision health and security imaging equipment, is pleased to announce that its Board of Directors, on December 8, 2003, declared an $.08 cash dividend for its first quarter ended October 31, 2003.

The cash dividend for the first quarter ended October 31, 2003, will be $.08 for each common share, payable on January 5, 2004, to shareholders of record on December 22, 2003.

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