Cimatron fails to meet Nasdaq public float requirement

Givat Shmuel, Israel—PRNewswire—Cimatron Limited, a leading developer of integrated CAD/CAM software for tooling processes, today reported it received a Nasdaq staff determination that the Company fails to comply with the market value of public float requirement for continued listing set forth in Marketplace Rule 4450(a)(02). Consequently, the determination indicated the Company's ordinary shares are subject to delisting from the Nasdaq National Market.

Cimatron requested an oral hearing before a Nasdaq Listing Qualifications Panel (the "Panel") to review the staff determination, which was recently granted. The date of the hearing is set for March 22, 2001. Pending the hearing, any delisting action by Nasdaq will be stayed.

President & CEO Nitzan Sapir of Cimatron stated: "We intend to present to the Panel a detailed plan for attaining rapid compliance with Nasdaq's listing requirements. It is our number one priority to remedy this setback. Despite the recent events, our products remain in demand and our global presence continues to increase."

About Cimatron Limited
Cimatron Ltd. is a leading developer of integrated CAD/CAM solutions for the tooling industry. Through its Data-to-Steel product philosophy, Cimatron provides mold and tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors and significantly shorten product delivery time. Founded in 1982, the Company has over 7,000 customers in the automotive, consumer plastics and electronics industries worldwide. Subsidiaries and distributors in over 35 countries sell Cimatron's products and provide comprehensive pre- and post-sales support. For more information, please visit us at http://www.cimatron.com.

Cimatron Technologies, Inc., 19500 Victor Parkway, Suite 300, Livonia, MI 48152, USA. Tel: 734-432-6600. Fax: 734-432-6601.