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Yahel Shachar Appointed to Chief Financial Officer of Scitex Corporation Ltd.

Press release from the issuing company

TEL AVIV, Israel, Feb. 14, 2002 - Scitex Corporation, a world leader in digital industrial inkjet printing solutions, today announced that Yossy Zylberberg, Corporate Vice President and Chief Financial Officer, is moving to Scitex Digital Printing Inc. (SDP) and joining their management team as Chief Operating Officer. (See related story in today’s news.) Yahel Shachar was named Chief Financial Officer and Corporate Secretary of Scitex Corporation Ltd. Yahel Shachar who recently joined Scitex Corporation was named Chief Financial Officer and Corporate Secretary. In that role, he will manage the financial activities of Scitex Corporation, as well as be responsible for the Company's legal matters. Before coming to Scitex, Yahel served as Chief Operating Officer at BVR Technologies Ltd. for three years, and prior to that was an attorney with Goldfarb, Levy, Eran & Co. Yahel holds an LL.M from Georgetown University (specializing in corporate, tax and securities law) and an LL.B. from Tel Aviv University, and is a member of the Israeli and New York bar associations. Yeoshua Agassi, President and Chief Executive Officer of Scitex Corporation, commented on the appointments: ``We greatly appreciate Yossy's extensive contribution to Scitex Corporation during the past four years. Yossy's moving to SDP reflects our continuous strategy to strengthen Scitex Corporation's portfolio companies and maximize their potential and value. I have full confidence in his ability to reinforce SDP's management in striving to achieve SDP's challenging business goals. SDP today has award winning, innovative technology and product families that are exciting markets worldwide. At the same time, I am pleased to welcome Yahel as our Chief Financial Officer and Corporate Secretary. Yahel is a consummate professional who brings to his new position the knowledge and experience necessary for Scitex Corporation in its current business position, and we look forward to benefiting from him in his new assignments.''