Camtek’s GANNET System Chosen by a leading Asian Integrated Device Manufacturer
Combines Advanced Performance with Cost Efficiency

MIGDAL HAEMEK, Israel – January 5, 2010 – Camtek Ltd. (NASDAQ and TASE: CAMT) (“Camtek” or the “Company”), today announced
its first sale, during December 2009, of the Gannet, Camtek’s first new Automatic Optical Inspection (AOI) system for the
front-end semiconductor industry, to a leading Asian Integrated Device Manufacturer (IDM).

Camtek’s GANNET is a new AOI system designed to provide solutions to a variety of processes in the front-end market, offering
 a competitive advantage to customers. Designed to address the global trend for multiple resolution inspection at a low cost
of ownership, the GANNET system provides high sensitivity defect detection and rapid setup combined with high throughput

The Gannet recently completed a successful beta test at a  fab in Israel and has now been released for commercial sales.

By leveraging Camtek’s accumulated experience as one of the leaders in the semiconductor back-end inspection market, the
Gannet is expected to play an important role in a broad range of front-end semiconductor inspection processes such as
lithography and CMP, as well as other processes.

Mr. Rafi Amit, Camtek’s CEO commented:  “The Gannet takes advantage of our accumulated knowledge and expertise in the
back-end semiconductor inspection market, and leverages it into the front end inspection market, with almost the same cost
structure. By relying on our accumulated experience in developing and building AOI systems, our broad customer base,
as well as our leading market position, we have further expanded our addressable markets by offering a new advanced front end
inspection system. This new system addresses the market need for cost-effective inspection without compromising on detection
capability of fine defects. The estimated annual global size of this new addressable market for Camtek, the front-end
semiconductor inspection, is estimated to be in the range of $150-$170 million per year. ”

Mr. Amit concluded: “We are very pleased with our selection by this market leader. For Camtek, this is a milestone,
culminating years of development and hard work. We look forward to further strengthening and growing our standing in the
semiconductor AOI market, and reaping the rewards of this new and major growth driver, for years to come.”

Camtek Ltd provides automated solutions dedicated for enhancing production processes and yield, enabling our customers new
technologies in three industries; Semiconductors, Printed Circuit Board (PCB) and IC Substrates.
Camtek addresses the specific needs of these industries with dedicated solutions based on a wide and advanced platform of
technologies including intelligent imaging, image processing, ion milling and digital material deposition. Camtek’s solutions
range from micro-to-nano by applying its technologies to the industry-specific requirements.

This press release is available at

This press release may contain projections or other forward-looking [state]ments regarding future events or the future
performance of the Company. These [state]ments are only predictions and may change as time passes. We do not assume any
obligation to update that information. Actual events or results may differ materially from those projected, including as a
result of changing industry and market trends, reduced demand for our products, the timely development of our new products
and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified
in the documents filed by the Company with the SEC.

Mira Rosenzweig, CFO
Tel: +972-4-604-8308

Ehud Helft / Kenny Green
GK Investor Relations
Tel: (US) 1 646 201 9246