Camtek Plans Secondary Offering in First Half of 2004

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Migdal Ha'Emek, Israel — Camtek Ltd. announces its intention to file with the U.S. Securities and Exchange Commission a registration statement covering a proposed secondary public offering of approximately 8 to 10 million of its ordinary shares.

The offering is expected to close in the first half of 2004, subject to market conditions and corporate approvals. The public offering will comprise a direct sale by the company of ordinary shares, as well as a sale by Priortech Ltd., the company's principal shareholder, of up to 50 percent of the offering. The purposes of this offering are to raise capital to support the expansion of the business and expand the shareholder base, as well as for working capital and general corporate purposes.Camtek Ltd., designs, develops, manufactures and markets automatic optical inspection systems and related products. For more information, visit



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