Camtek Ltd (CAMT) Announces Proposed Common Share Offering

Camtek Ltd. (NASDAQ: CAMT), a leading manufacturer of metrology and inspection equipment, announced today the commencement of a proposed underwritten public offering of three million ordinary shares. Camtek intends to grant the underwriters a 30-day option to purchase up to an additional 15% of its ordinary shares offered in the public offering. All of the shares in the proposed offering are to be sold by Camtek.

Camtek intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, potential acquisitions, working capital, capital expenditures, investments, research and development and product development. Camtek has not determined the amount of net proceeds to be used specifically for the foregoing purposes and has no agreements or understandings with respect to any acquisition or investment at this time.

Barclays and Stifel are acting as the representatives of the underwriters and as joint book-running managers for the proposed offering.

The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

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