ESP Espey Manufacturing and Electronics Corp

The Board of Directors of Espey Mfg. & Electronics Corp., (AMEX:ESP) has declared a cash dividend of $.13 per share for the second quarter of the fiscal year ending June 30, 2007. The dividend will be payable on December 22, 2006, to all shareholders of record as of December 1, 2006. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/electronic equipment. The Company's web site can be found on the Internet at www.espey.com. The Board of Directors of Espey Mfg. & Electronics Corp., (AMEX:ESP) has declared a cash dividend of $.13 per share for the second quarter of the fiscal year ending June 30, 2007. The dividend will be payable on December 22, 2006, to all shareholders of record as of December 1, 2006. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/electronic equipment. The Company's web site can be found on the Internet at www.espey.com.