Camtek Ltd. — Audit Report / Information 2008

Apr 7, 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, a new accounting standard (Accounting Standard No. 30 of the Israel Accounting Standard Board which was published in March 2007 (the “ Standard ”)).

Details regarding the Standard and its implementation, as reflected on Priortech’s consolidated statement for March 30, June 30 and September 30, 2007, were given in the Company’s three previous reports concerning the Standard, dated June 3[rd] , September 3[rd] and November 28[th] , 2007.

The net amount of capitalized development expenses reflected on Priotech's consolidated statement for December 31, 2007 is NIS 28,289 thousands or US$ 7,355 thousands.

Another item of disclosure on Priortech's reports reflects the fact that on March 31, 2007, Camtek opened forward positions in US Dollars on the NIS exchange rate. The opened forward positions as of December 31, 2007, are displayed in the following table:

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Amount	Repaymentdate	Transactiondate	Exchange RateNIS/US$	Fair Value
($700,000)	31.01.08	06.12.07	3.84	NIS 4,695
$700,000	31.01.08	06.12.07	3.84	NIS (319)
$700,000	28.02.08	06.12.07	3.84	NIS (997)
($700,000)	28.02.08	06.12.07	3.84	NIS 6,805
$700,000	27.03.08	11.12.07	3.84	NIS (1,157)
($700,000)	27.03.08	11.12.07	3.84	NIS 12,958
$700,000	28.04.08	11.12.07	3.84	NIS (813)
($700,000)	28.04.08	11.12.07	3.84	19,266

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