Business News

Camtek Ltd. Receives Nasdaq Global Market Notification

Tuesday 26. August 2008 - Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT) today announced that on August 20, 2008, the Company received a Nasdaq Staff Deficiency Letter (the "Letter") indicating that, for the last 30 consecutive business days, the bid price of the Company's ordinary shares has closed below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market set forth in Nasdaq Marketplace Rule 4450(a)(5). The Letter has no immediate effect on the listing of the Company's shares.

In accordance with Nasdaq Marketplace Rule 4450(e)(2), the Company will be provided 180 calendar days, or until February 17, 2009, to regain compliance with the minimum bid price deficiency. Compliance is achieved if, at anytime prior to February 17, 2009, the bid price of the Company’s ordinary shares closes at $1.00 per share or more for at least 10 consecutive business days. If the Company does not regain compliance with Nasdaq Marketplace Rule 4450(a)(5) by February 17, 2009, Nasdaq’s staff will notify the Company in writing that its shares will be delisted.

In the event the Company receives notice that its ordinary shares are being delisted from the Nasdaq Global Markets, Nasdaq Rules permit the Company to appeal any delisting determination by the Nasdaq staff to a Listing Qualifications Panel. Alternatively, Nasdaq may permit the Company to transfer its ordinary shares to The Nasdaq Capital Market if it satisfies the requirements for initial inclusion set forth in the Marketplace Rule 4310(c), other than the minimum bid price requirement of Marketplace Rule 4310(c)(4). If its application is approved, the Company will be afforded an additional 180 calendar days to comply with the minimum bid price rule in order to regain compliance while on The Nasdaq Capital Market.