AVX Corporation Declares Dividend.

Business Editors

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--April 23, 2002

AVX Corporation (NYSE: AVX) declared a dividend of $0.0375 per common share for the quarter ended March 31, 2002 at its Board of Director's meeting held on April 20, 2002.

This dividend will be paid to shareholders of record on May 6, 2002 and will be disbursed on May 13, 2002.

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.