LOD, Israel, May 21 -- NUR Macroprinters Ltd., a world leading manufacturer of wide-format and superwide digital printing systems and consumables for the out-of-home advertising market, announced today that it filed a Schedule TO (Tender Offer) on Friday, May 16, 2002, with the Securities and Exchange Commission pursuant to which NUR commenced an offer providing option holders the right to cancel and exchange certain stock options granted to them under the Company's 2000 Stock Option Plan, 1997 Stock Option Plan and 1995 Stock Option/Stock Purchase Plan. The exchange offer will expire on June 15, 2002, unless otherwise extended, and NUR expects that substantially all eligible option holders will exchange their current options.