Nitzan Sapir to Leave Position as President and CEO of Cimatron


GIVAT SHMUEL, Israel, Aug. 6 2003, Mr. Nitzan Sapir today announced to the Board of Directors of Cimatron Ltd. (NASDAQ: CIMT) that he intends to leave his position as President and CEO of the Company. To assure a smooth transition, Mr. Sapir will continue in his position until a new CEO is chosen and will remain available for consultation afterwards.

In response, Mr. Rimon Ben Shaul, Cimatron's Chairman of the Board, said, "We are grateful to Nitzan for his three-and-a-half year contribution to Cimatron. Nitzan built and led a strong team which was successful in transforming a crisis, high-loss situation into profitability, and preparing the infrastructure for future growth. Nitzan leaves behind him a portfolio of innovative products and effective worldwide sales channels -- a good basis for our confidence in the company and its future. We wish him good luck in his future endeavors."

Mr. Nitzan Sapir commented, "I am proud of the successful turnaround that we have achieved over the last three-and-a-half years. With innovative products that meet growing market needs, a global customer base, and worldwide distribution channels, Cimatron is well-positioned to grow and prosper in the future."

About Cimatron
Cimatron Ltd. (NASDAQ: CIMT) is a leading developer of integrated CAD/CAM solutions for the tooling industry. Through its Data-to-Steel product philosophy, Cimatron provides mold, tool and die makers with comprehensive solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and shorten product delivery time. Worldwide, Cimatron's leading solutions are used by in more than 15,000 installations for 8,500 customers in the automotive, consumer plastics, and electronics industries.
Founded in 1982, Cimatron Ltd. is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and distributor network are located in over 35 countries to serve customers with complete pre- and post- sales support. For more information, visit our web site at http://www.cimatron.com.



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