AVX Declares Dividend

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Myrtle Beach, S.C. — AVX Corp. declared a dividend of 4 cents per common share for the quarter ended June 30, 2003 at a recent Board of Directors meeting.

This dividend will be paid to shareholders of record on August 8, 2003, and will be disbursed on August 15, 2003.

AVX Corp. is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. For more information, visit www.avxcorp.com.



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