Final Results

Jetcam International Holdings Ld
30 March 2001




                                                         For Immediate Release


                                                              30th March, 2001







                    JETCAM INTERNATIONAL HOLDINGS LIMITED

                         ('JETCAM' or 'the Company')



              Preliminary Announcement of Consolidated  Results

                    for the Year ended 31st December, 2000



JETCAM develops and markets software systems for computer programming of
punching and cutting machines used in sheet metal fabrication.



Chairman's Statement

I am pleased to report the results for the year ended 31st December, 2000.
Group turnover has increased by 128 per cent. to  £4.21 million (1999  £1.84
million).   Profit before amortisation and taxation was  £344,000  (1999 £
434,000).  After charging amortisation of goodwill arising from  the
acquisition of Camtek Limited ('Camtek') of £170,000 (1999  £29,000), The
consolidated profit before taxation was £171,000 (1999 £405,000).  This figure
has been struck after an exceptional credit of £52,883 relating to the sale of
intellectual property to sheetmetalworld.com plc, a B2B portal for the sheet
metal industry, which was formed during the year.



Review of Operations

Last year was a challenging one during which the management of your company
had to deal with the integration of Camtek and its US subsidiary into the
Group structure as well as the rationalisation of its fabrication products.
Alongside this, there was continuing general weakness in the UK fabrication
sector, exacerbated by a competitive response to JETCAM's products
concentrated almost exclusively on heavy discounting. However, by reorganising
the Jetcam UK sales team and making full use of Camtek's presence in Malvern,
Jetcam UK's losses have been stemmed and, towards the end of the year, it
started to make a positive contribution to corporate profitability. In the
rest of Europe, the recruitment of a European dealer manager resulted in
expansion of the dealer network.



Some of these activities and the adjustments associated with them, however,
incurred very heavy transitional costs. Your management has therefore
undertaken a comprehensive review of all overheads which has resulted in
significant organisational changes. These have brought about a significant
reduction in expenses, without damaging the long-term prospects for your
company. Results from this became evident through a sharply improved
performance in the last two months of the year.



JETCAM International's business overall increased by some 11 per cent., with
dealer sales slightly up on the previous year and OEM sales in sterling terms
have increased despite continuing weakness in the euro.  Camtek sales remained
steady overall, with a reduction in the UK being offset by gains in overseas
markets.



We have enhanced existing Group products with the release of a five-axis laser
programming package and continue to work on new ideas to broaden market
penetration. We have also rationalised our Group fabrication product line,
eliminating duplication.



Dividend

In view of the year's trading results, your Directors are not proposing the
payment of any dividend for the year (1999 -2.25p). Any decision regarding the
payment of a dividend in the current year will be reviewed in the light of
trading.



Board and Staff

During the year there have been several changes to the Board. Peter Radzim
left us in April to pursue his other business interests, and Geoff Hawkesford,
one of Camtek's founders, retired in October. Clive Daykin, our finance
director, left us at the end of January to rejoin the accountancy firm for
which he previously worked and Ian Ilsley resumed his former position as
finance director.  To all of these and to my other Board colleagues as well as
staff and advisers I offer my thanks for their support in what has been a
difficult year of transition for your company.



Current Trading and Prospects

Profitability in all areas of the Group was encouraging in the last two months
of the financial year, as indicated above, and I am pleased to report that
this trend has carried through into the first two months of 2001, with sales
holding up and costs reductions continuing.



The larger dealer network is expected to contribute to sales growth during the
year and we continue to evaluate new OEM opportunities and other potential
industry partnerships.



We continue to seek acquisitions and other company development opportunities
although current market conditions will probably severely limit such
possibilities in the short term.



Your Board is of the view that the measures taken during 2000 will provide a
stronger base for the current year and, unless market conditions change
significantly, I hope to be able to report to you this time next year with a
much improved set of figures.



Enquiries



JETCAM International Holdings Limited            Tel: [phone]
George Kynoch





Consolidated Profit and Loss Account

Year ended 31st December, 2000


                                                  Note        2000        1999

                                                                 £           £
Turnover
Continuing operations                                    4,210,745   1,840,181
Acquisitions                                                     -     360,250

Total turnover                                           4,210,745   2,200,431
Cost of sales                                            (220,894)   (134,425)

Gross profit                                             3,989,851   2,066,006
Administrative expenses                                (3,871,049) (1,661,078)

Continuing operations                                      118,802     304,320
Acquisitions                                                     -     100,608

Operating profit                                           118,802     404,928
Exceptional profit                                          52,723           -

Profit on ordinary activities before taxation              171,525     404,928
Taxation on profit on ordinary activities                 (65,481)    (35,294)

Profit for the financial year                              106,044     369,634
Dividends paid and proposed                          1           -   (474,752)

Retained profit/(deficit) for the financial year           106,044   (105,118)

Earnings per ordinary share                          2        0.5p        2.7p

Fully diluted earnings per ordinary share            2        0.5p        2.6p


Statement of Total Recognised Gains and Losses

Year ended 31st December, 2000

                                                              2000        1999

                                                                 £           £

Profit for the financial year                              106,044     369,634
Exchange translation differences                            52,181    (15,732)

Total Recognised Gains and Losses in the Year              158,225     353,902






Consolidated Balance Sheet

Year ended 31st December, 2000


                                                               2000        1999

                                                                  £           £
Fixed assets
Intangible assets                                         3,455,756   3,387,040
Tangible assets                                             495,523     544,315
Investments                                                     827         827

                                                          3,952,106   3,932,182
Current assets
Stocks                                                       21,542      19,581
Debtors                                                   1,193,633   1,264,304
Cash at bank and in hand                                    249,342     366,255

                                                          1,464,517   1,650,140
Creditors:  amounts falling due within one year           (517,994) (1,066,034)

Net current assets                                          946,523     584,106

Total assets less current liabilities                     4,898,629   4,516,288

Creditors:  amounts falling due after more than one
year
Provisions for liabilities and charges                     (44,261)   (131,636)

Total net assets                                          4,854,368   4,384,652

Capital and reserves
Called up share capital                                     148,208     143,319
Share premium account                                     4,202,928   3,896,326
Profit and loss account                                     503,232     345,007

Equity shareholders' funds                                4,854,368   4,384,652




Notes:



1.      Dividends

The Directors not recommending the payment of a final dividend for the year
ended 31st December, 2000 (1999: 2.25p).



2.      Earnings per share

The calculation of earnings per share is based on profit after tax divided by
the weighted average number of shares in issue during the financial period.
The diluted earnings per share calculation is based on the profit after tax
divided by the weighted average number of shares in issue as adjusted for the
dilution effect of the full exercise of al ordinary share options granted by
the Company.  Dilution is calculated by comparing the difference between the
weighted average exercise price of exercisable options with the average share
price over the period, which are as follows:


                                                                              £

Weighted average exercise price of exercisable share options              0.656
Average share price in period                                             0.691
Dilution ratio applied to exercisable share options (%)                      5%
Weighted average of exercisable share options                         1,546,191
Dilution effect of exercisable share options                             77,192
Weighted average number of shares in issue                           22,978,852
Total shares for calculating diluted earnings per share              23,056,043






3.      Report and Accounts

The financial information for the year ended 31st December, 1999 is extracted
from the group's financial statements to that date which received an
unqualified auditor's report and have been filed with the Registrar of
Companies in Bermuda.



The financial information for the year ended 31st December 2000 is extracted
from the group's financial statements to that date which received an
unqualified auditor's report and will be filed with the Registrar of Companies
in Bermuda in due course.



4.  Copies of the Report and Accounts will be posted to shareholders shortly
and will be available from John East & Partners Limited, Crystal Gate, 28-30
Worship Street, London EC2A 2AH.