PARK ELECTROCHEMICAL CORP. ANNOUNCES SPECIAL DIVIDEND

Melville, New York, July 20, 2006……Park Electrochemical Corp. (NYSE-PKE) announced that its Board of Directors has declared a special cash dividend of $1.00 per share payable August 22, 2006 to stockholders of record at the close of business on August 1, 2006.

This special cash dividend is in addition to the regular quarterly cash dividend of $0.08 per share that the Company announced on June 30, 2006 payable August 8, 2006 to stockholders of record on July 11, 2006.

Certain portions of this press release may be deemed to constitute forward looking statements that are subject to various factors which could cause actual results to differ materially from Park’s expectations. Such factors include, but are not limited to, general conditions in the electronics industry, Park’s competitive position, the status of Park’s relationships with its customers, economic conditions in international markets, the cost and availability of raw materials and utilities, and the various factors set forth in Item 1A “Risk Factors” and under the caption “Factors That May Affect Future Results” after Item 7 of Park’s Annual Report on Form 10-K for the fiscal year ended February 26, 2006.

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials (The Nelco® product line) and advanced composite materials (the Nelcote™ product line) principally for the telecommunications and internet infrastructure, high-end computing and aerospace markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company’s manufacturing facilities are located in Singapore, China, France, Connecticut, New York, Arizona and California.