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MEDTRONIC BOARD APPROVES THREE-MILLION-SHARE STOCK REPURCHASE PROGRAM

 MINNEAPOLIS, April 9 /PRNewswire/ -- Medtronic, Inc. (NYSE: MDT) announced today that its board of directors had approved a new common stock repurchase program of up to 3 million shares. The company recently completed its earlier repurchase program.
 Medtronic President and Chief Executive Officer William W. George said he is confident that the company will complete its current fiscal year, which ends April 30, 1993, with solid growth in revenues and earnings per share in the fourth quarter and full year. George said the company's new tachyarrhythmia device, the PCD(R), which received premarket approval from the U.S. Food and Drug Administration on Feb. 11, was gaining rapid acceptance from physicians across the United States.
 Sales of bradycardia pacemakers continued steady, led by rapid gains of the Elite II(TM) dual chamber pacemaker released in the United States in December. George also expressed confidence in the growing use of the company's new balloon catheters, the 14K(R) in the United States and Japan and the Gold Xchange(TM) rapid exchange catheter in Europe.
 Looking ahead to fiscal year 1994, which begins May 1, 1993, George said he anticipates continuing sound growth in revenues and earnings per share. He said the company expects that all of its six strategic business units and four geographic areas will be profitable in fiscal 1994. George said that because of the critical need for, and cost- effectiveness of, Medtronic products, the company is confident of its ability to compete effectively in a changing world health care environment.
 Medtronic, Inc., headquartered in Minneapolis, is the world's leading therapeutic medical device company.
 -0- 4/9/93
 /CONTACT: Dale Beumer, Investor Relations, 612-574-3038, or Dick Reid, Public Relations, 612-574-3052, both of Medtronic/
 (MDT)


CO: Medtronic, Inc. ST: Minnesota IN: MTC SU:

AL -- MN004 -- 4546 04/09/93 12:04 EDT
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Date:Apr 9, 1993
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