AVX Corporation Declares Dividend.

Business Editors

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--July 28, 2003

AVX Corporation (NYSE: AVX) declared a dividend of $0.0375 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, headquartered in Myrtle Beach, South Carolina, is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products.

Please visit our website at www.avxcorp.com.