Camtek Ltd. — Audit Report / Information 2008

May 29, 2008

The Company's parent Company, Priortech Ltd. ("Priortech"), which is a publicly traded company on the Tel-Aviv Stock Exchange, is required to implement, as of January 1, 2007, Accounting Standard No. 30 of the Israel Accounting Standard Board (the "Standard").

Details regarding the Standard and its implementation, as reflected on Priortech's consolidated statement for March 30, June 30, September 30, and December 31st, 2007, were given in the Company's four previous reports concerning the Standard, dated June 3rd, September 3rd and November 28th, 2007, and April 7th, 2008.

The net amount of capitalized development expenses reflected on Priotech's consolidated statement for March 31st, 2008 is NIS 4,392 thousands or US$ 1,208 thousands.

Another item of disclosure on Priortech's reports reflects the fact that on March 31, 2008, Camtek was engaged in hedging transactions in US Dollars on the NIS exchange rate. The opened hedging transactions as of March 31st, 2008, are displayed in the following table:

Amount	Repayment date	Transaction date	Exchange Rate NIS/US$	Fair Value
$700,000	28.04.08	14.12.07	3.56	0
($700,000)	28.04.08	14.12.07	3.56	NIS 241,039

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