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Yeoshua Agassi Appointed to Succeed Yoav Chelouche at Scitex

Press release from the issuing company

HERZLIA, Israel, Aug. 22 -- Scitex Corporation Ltd., a world leader in inkjet technologies and digital imaging solutions, today announced the appointment of Mr. Yeoshua Agassi to the position of interim CEO of Scitex Corporation Ltd., effective September 1, 2001. This follows the announcement on August 7, 2001 that Yoav Z. Chelouche would step down from his position of President and CEO of Scitex. In parallel to his role at Scitex, Mr. Agassi will continue to serve as Vice President of Business Development at Clal Industries and Investments Ltd. Mr. Chelouche will continue to advise Scitex in the period to mid-2002. Mr. Agassi brings to Scitex extensive experience, having held senior executive positions with a large numbers of companies including Israeli Direct Insurance, The Magen Insurance Company, The Israel Phoenix Assurance Company and Israel Data Processing Company. Mr. Agassi holds a BA in economics from Tel Aviv University, Israel and an MBA from Bar-Ilan University, Israel. About Scitex Corporation Ltd. Scitex Corporation Ltd., a world leader in digital imaging solutions, is building a network of leading, innovative companies focused on combining digital imaging technologies with the power of the Internet to create a world of visually rich business communications. Scitex shares trade on Nasdaq and The Tel Aviv Stock Exchange, under the symbol SCIX. For more information, please visit our Web site at http://www.scitex.com.

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