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INVESTOR RELATIONS

 

Varian Medical Systems Announces Agreement With Toshiba Medical Systems and Sanko Medical Systems in China
PALO ALTO, Calif.,--Dec. 2, 2002-- Varian Medical Systems, Inc. (NYSE:VAR)
today announced it has entered into a cooperative agreement with Toshiba
Medical company and Toshiba's joint venture partner Sanko Medical Systems to
operate a Varian-authorized X-ray Tube Service Center in the People's Republic
of China. The center will serve the market for replacement X-ray tubes in CT
scanners manufactured by Toshiba.

Sanko Medical Systems in Beijing will operate the new tube facility. It will
give hospitals and clinics in China ready access to more cost competitive
replacement tubes that meet the quality and performance standards of the
Varian tubes that are designed specifically for the Toshiba scanners,
according to the companies. Toshiba, Sanko, and Varian plan to expand the
relationship in the future to include the full range of Varian's
non-proprietary X-ray tube products. Varian will support the facility with
materials and factory training. Until now, clinics have had to acquire
replacement tubes from Varian's facility in Salt Lake City, Utah.

Varian's X-ray Products business is the world's premier independent supplier
of X-ray tubes, serving manufacturers of radiology equipment and industrial
inspection equipment as well as distributors of replacement tubes. The company
provides the industry's broadest selection of X-ray tubes expressly designed
for the most advanced diagnostic applications, including CT scanning,
radiography, and mammography. These products meet evolving requirements for
improved resolution, faster patient throughput, longer tube life, smaller
dimensions, and greater cost efficiency.

About Varian Medical Systems, Inc. (NYSE: VAR): Varian Medical Systems
of Palo Alto, California is the world's leading manufacturer of integrated
cancer therapy systems, which are used to treat thousands of patients per day.
The company is also a premier supplier of X-ray tubes and flat-panel digital
subsystems for imaging in medical, scientific, and industrial applications.
Varian Medical Systems employs approximately 2,750 people who are located at
manufacturing sites in North America and Europe and in its 50 sales and
support offices around the world. In its most recent fiscal year ended
September, 27, 2002, Varian Medical Systems reported sales of $873 million.
Additional information is available on the company's web site at www.varian.com.

About Sanko Medical Systems: Sanko Medical systems, as the biggest and
exclusive distributor for Toshiba Medical Systems in China, has introduced
over 20,000 pieces of medical equipment to 30 provinces, municipalities and
autonomous regions across China since it was established in 1975. With
headquarters located in Tokyo, Japan, Sanko has eight offices with 285
employees including service engineers throughout China. Since it was
established, Sanko has created a wide sales support and service network, and
built up close linkages with hundreds of leading companies and thousands of
major hospitals. With all these achievements, Sanko has been recognized as one
of the most influential and competitive brands in the Chinese market.

About Toshiba Corporation's Medical Systems Company: Toshiba
Corporation's Medical Systems Company is a world leader in the development of
medical imaging equipment, with a product line-up that includes CT, MRI,
nuclear medicine, ultrasound, and both conventional and vascular X-ray.
Toshiba Corporation's Medical Division has more than 80 years of leadership in
medical technology innovation. Toshiba Corporation, the Medical Division
parent, celebrated 126 years of operation and had $6 billion in U.S. sales in
2001.

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