Director Alvin O. Sabo has informed the Chair of the Espey Mfg. & Electronics Corp. (the “Company”) Nominating Committee that he will retire from the Company’s Board of Directors at the 2021 Annual Meeting of Shareholders, which is the end of his current term. Mr. Sabo’s decision not to stand for re-election is not the result of any disagreement with management or the Board of Directors related to the Company’s operations, policies or practices.