Potential Acquisitions and Trading Update

Jetcam International Holdings Ld
4 January 2000



               JETCAM International Holdings Limited
                    (' JETCAM' or 'the Company')

             Potential Acquisitions and Trading Update
                                 
JETCAM  is  an  AIM  quoted  company which  develops  and  markets
software systems for computer programming of punching and  cutting
machines used in sheet metal fabrication.

The directors of JETCAM announce that the Company entered into  an
option  agreement  ('the  Agreement') on   30  December  1999,  to
acquire the whole of the issued share capital of Century Challenge
Limited  ('Century'), a company specialising in the marketing  and
sales development of software products to the sheet metal industry
in  the UK. Its Managing Director, Hazel Hewitt, has had extensive
experience  over  many  years in this sector  and  territory.  The
option may be exercised between 17 and 27 March, 2000, Century has
been  contracted to provide its services to the Company  with  the
objective  of  accelerating UK growth in sales  of  the  Company's
JETCAM Expert software systems.

The  directors  also announce that the company is in  an  advanced
stage of negotiations to acquire a second company specialising  in
sales and marketing in the CAD/CAM industry in continental Europe.
This company has been successful in building a dealer network  and
achieving sales over a number of years to the sheet metal industry
throughout  continental Europe. Both acquisitions are designed  to
have  a significant impact on the Company's sales and presence  in
Europe in the year 2000 and beyond.

As  far  as the results for the year ending 31 December, 1999  are
concerned, the Company's turnover was greater in the eleven months
ended 30 November 1999, than for the same period in 1998. However,
in  the  last quarter of the year, turnover has failed to  achieve
budget  and  this  has had a significant impact  on  profitability
given  the  Company's high gross profit margin. Consequently,  the
Directors do not expect that the profit for the second half of the
year  -  and  therefore the year as a whole  -  will  meet  market
expectations.   Camtek  Limited,  the  acquisition  of  which  was
completed on 31 October 1999, exceeded its warranted profit before
taxation of £531,000 for the year ended 30 September 1999  and  is
expected  to  continue  this  trend,  following  acquisition,  for
November and December.

The  profit shortfall is due to two principal factors in  addition
to the inevitable increase in costs associated with public company
status.  Although partly compensated for by strong  sales  through
the dealer network, sales to existing OEM customers are lower than
in  1998, particularly since July. The directors believe that this
late  turndown may be due to a reduction in the capital investment
plans  of the Company's end users towards the end of 1999 to avoid
the  potential  risk  of  Y2K problems and,  as  such,  should  be
temporary. The high proportion of OEM sales and the risk that  Y2K
issues  might  affect the Company's customers were  identified  in
both the prospectuses issued by the Company in April and September
this year. In addition, a reduction of margins in the UK, due to a
short-term aggressive pricing policy intended to accelerate market
share  and  presence, created a loss in the UK subsidiary.  Normal
pricing  practices will apply once more in 2000 and this, combined
with  the  initiatives  described above, is expected  to  increase
overall turnover and profitability.

The company is also opening an Internet e-commerce site to provide
a  service to its customers, business partners and to the industry
as  a  whole. Built on the Company's experience with its  own  web
site,  this  unique service has the potential for major  expansion
and  is  expected to enhance differentiation from the competition,
promote  the  identification of new sales  opportunities  and  may
eventually become a profit generator in its own right.

                                                    4 January 2000