For Further Information, Contact:
John Millerick
Senior Vice President & CFO
(978) 977-3000

Analogic Corporation Announces
Cash Dividend For Its Fourth Quarter

Peabody, MA (October 16, 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 October 14, 2003, declared an $.08 cash dividend for its fourth quarter ended July 31, 2003.

The cash dividend for the fourth quarter ended July 31, 2003, will be $.08 for each common share, payable on November 11, 2003, to shareholders of record on October 28, 2003.

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