Palo Alto, Calif. – January 3, 2003 – Varian Medical Systems(NYSE: VAR) President and CEO Richard M. Levy and Chief Financial Officer Elisha W. Finney will make a presentation at the JPMorgan 21st Annual Healthcare Conference in San Francisco, Calif. on Monday, January 6, 2003 at 11:00 a.m. The conference is being held at the Westin St. Francis Hotel. Levy and Finney are scheduled to speak in the Colonial Ballroom. The presentation will focus on advances in radiation therapy for treating cancer, covering the company’s products for delivering intensity-modulated radiation therapy and Dynamic Targeting™ image-guided radiotherapy. Levy will also touch on emerging business opportunities in flat-panel X-ray imaging, brachytherapy, security, and cargo screening. Finney will review the company’s financial performance. The presentation will be webcast live by JPMorgan at http://www.mapdigital.com/jpmorgan/healthcare03. Varian Medical Systems is scheduled to report its fiscal year 2003 first quarter results after the market closes on Thursday, January 23, 2003. Presentation materials will be available on the investor relations page of the company website at www.varian.com.