On March 14, 2005, the compensation committee of the board of directors of E-Z-EM, Inc. (the “Company”) approved the grant of a non-qualified stock option for 20,000 shares of the Company’s common stock, $.10 par value (the “Common Stock”), under the Company’s 2004 Stock and Incentive Award Plan (the “2004 Plan”) to Joseph J. Palma, the Company’s Senior Vice President – Global Sales.

The exercise price of the option is $12.98, which is the average of the high and low sale prices of the Common Stock as reported by the American Stock Exchange on March 14, 2005. The option is immediately exercisable in full. The option is for a 10-year term and will terminate immediately if Mr. Palma becomes employed by or associated in any way with, or the beneficial owner of more than 1% of the equity securities of, any direct or indirect competitor of the Company. The option will also terminate immediately upon termination of Mr. Palma’s employment for cause. The option will remain exercisable for 180 days after Mr. Palma’s employment with the Company is terminated (other than by reason of death or disability), and for an additional 180 days if Mr. Palma dies or becomes disabled during the 180-day period following termination of employment. If Mr. Palma’s employment is terminated by death or disability, the option will remain fully exercisable for a period of one year following the date of death or disability. However, under no circumstances will the exercise period of any option be extended beyond the 10-year term of the option.

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