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Canterbury Park Announces Special Cash Dividend

7 June 2002

SHAKOPEE, Minnesota – (Press Release) --Canterbury Park Holding Corporation (Nasdaq: TRAK) announced today that its Board of Directors has declared a special cash dividend of $.25 per share of common stock payable to shareholders of record on June 28, 2002. The dividend will be distributed on July 12, 2002. The Company currently has approximately 3,562,175 shares of common stock outstanding.

Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota's only pari-mutuel horse racing facility. The Company also operates Canterbury Card Club, the only facility in Minnesota given legislative authority to host unbanked card playing operations. Canterbury Card Club operates 24 hours a day, seven days a week, conducting a variety of unbanked card games. In addition, the Company conducts year-round simulcast horse racing and hosts a variety of other entertainment events at its facility in Shakopee, Minn.

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