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Analogic Corporation Announces
Cash Dividend For Its Second Quarter

Peabody, MA (March 12, 2004) — 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 March 11, 2004, declared an $.08 cash dividend for its second quarter ended January 31, 2004.

The cash dividend for the second quarter ended January 31, 2004, will be $.08 for each common share, payable on April 9, 2004, to shareholders of record on March 25, 2004.

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