January, 2000

NEWS — For Immediate Release

SCITEX ANNOUNCES NEW LEAF C-MOST TECHNOLOGY;

OVER SIX MEGA PIXEL CMOS SENSOR

— Major achievement could transform the future of high quality digital imaging —

Highlights…

— The company announced a technological breakthrough, a 6.6 Mega Pixel CMOS sensor in a unique, ultra-thin package;

— The Leaf C-MOST sensor can be positioned in the focal plane of a standard 35mm camera, allowing full-size, high resolution images to be captured using standard 35mm lenses;

— The Leaf C-MOST sensor provides exceptional image quality when compared to other CMOS sensors due to the unique active pixel design.

BEDFORD MA — January 12, 2000 – Scitex Corporation Ltd. today revealed that it is completing development of the innovative Leaf C-MOST(tm), active pixel CMOS sensor. The company released details of its patent-pending technological breakthrough, , a 6.6 Mega Pixel CMOS sensor in a unique, ultra-thin package. This is the first full-size, 35mm CMOS sensor to be commercially developed.

The Leaf C-MOST 6.6 Mega Pixel sensor is another technological breakthrough for Scitex Input Systems Division. In 1986 this Scitex division pioneered the first flatbed, CCD color scanner, and in 1992 it presented the Leaf DCB, the first film quality, digital camera back for professional studio photography.

The company embarked on the sensor project in order to develop future products to complement its CCD-based Leaf line of camera backs for professional digital photography. The project yielded the new Leaf C-MOST sensor which presents key advantages over existing CCD and CMOS sensor technologies.

With its unique, ultra thin packaging the Leaf C-MOST sensor can be positioned in the focal plane of a standard 35mm camera, allowing full-size, high resolution images to be captured using standard 35mm lenses. The Leaf C-MOST sensor provides exceptional image quality when compared to other CMOS sensors due to the unique active pixel design. And its high sensitivity and low noise levels are comparable to CCD technology currently available.

Scitex also affirmed that Leaf devices incorporating the Leaf C-MOST sensor are expected in the future to offer cost-effective digital imaging solutions complementary to CCD based devices.

Scitex collaborated with three innovators on the research and development activities. FillFactory of Leuven, Belgium for the design of the CMOS sensor; Tower Semiconductor Ltd., of Migdal Haemek, Israel for the wafer fabrication process and ShellCase Ltd., of Jerusalem, Israel for the development and production of the custom packaging.

The new, patent-pending scalable Leaf C-MOST technology could have far-reaching implications and the company plans to raise external funds to expedite and expand the development of the devices and their applications.

For further information on this press release please contact Michal Adar at Scitex America Corp. (T: 781-275-5150 or E: michal_adar@scitex.com).

Scitex Corporation Ltd., a world leader in digital solutions for graphics communication, designs, develops, manufactures, markets and supports products, systems and devices primarily for the digital preprint and digital printing markets. Digital preprint includes image capture, output, proofing and telecommunication solutions. Digital printing includes Scitex Digital Printing’s very high-speed, inkjet printers for variable long-run printing, wide format ink-jet printers, Karat’s digital offset presses, and the company’s print-on-demand digital front ends. A worldwide network of direct sales and service offices, dealers, resellers and OEM partners provides global sales and customer support. Scitex shares trade on NASDAQ under the symbol SCIX. For more information, visit the company’s Internet site: www.scitex.com

This press release includes forward-looking statements that are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. Potential risks and uncertainties include, without limitation, risks and uncertainties associated with the successful completion of the development and introduction to production of the company’s CMOS sensor, market acceptance and competitiveness of the products to be manufactured using these technologies, and conditions in the market for semiconductor products generally.

Scitex and the Scitex logo are registered trademarks and service marks of Scitex Corporation Ltd. Leaf, Leaf C-MOST, and Leaf DCB are trademarks of Scitex Corporation Ltd. Data subject to revision without notice.

Contacts…

Mark Sullivan/Scitex America Corp.

781-275-5150

Michal Adar/Scitex America Corp.

781-275-5150

Craig Kevghas/CPR Marketing, Inc.

978-392-8990