-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001068238-02-000058.txt : 20020414
<SEC-HEADER>0001068238-02-000058.hdr.sgml : 20020414
ACCESSION NUMBER:		0001068238-02-000058
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020214
FILED AS OF DATE:		20020221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUR MACROPRINTERS LTD
		CENTRAL INDEX KEY:			0000946394
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTING TRADES MACHINERY & EQUIPMENT [3555]
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26498
		FILM NUMBER:		02554909

	BUSINESS ADDRESS:	
		STREET 1:		5 DAVID NAVON STREET
		STREET 2:		MOSHAV MAGSHIMIM
		CITY:			PETAH-TIKVA ISRAEL
		STATE:			L3
		BUSINESS PHONE:		01197239087676

	MAIL ADDRESS:	
		STREET 1:		P O BOX 8440
		STREET 2:		MOSHAV MAGSHIMIM
		CITY:			ISRAEL
		STATE:			L3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUR ADVANCED TECHNOLOGIES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6knurmac2-20.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD><TITLE>Form 6-K></TITLE>
</HEAD>
<BODY>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 6-K</FONT></H1><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SECURITIES
AND EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Report of
Foreign Private Issuer<BR>Pursuant to Rule 12a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>February 14,
2002</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Commission
File No. 0-26498</FONT></H1>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>
<B>NUR MACROPRINTERS LTD.</B></FONT><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(Exact Name of Registrant as specified in its Charter)<BR><BR>

Not Applicable<BR>
(Translation of Registrant's Name into English)</FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>12 Abba Hilel, Silver Street<BR>
Lod<BR>71111 Israel</B><BR>
(Address and principal executive offices)</FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F
or Form 40-F. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Form 20-F&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<U>
&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Indicate by check mark
whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Yes&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>If "Yes" is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b).</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
hereto and incorporated by reference herein is a press release of the registrant
dated February 14, 2002. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
NUR MACROPRINTERS LTD. ANNOUNCES 2001 FOURTH QUARTER AND YEAR-END RESULTS</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>&raquo;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Revenues for 2001 of $120.4 million</I></B></FONT></P>

<PAGE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>&raquo;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Fourth Quarter Revenues of
$28.6 million; Pro forma Net Income of $0.2 million; SG&amp;A expenses down 20%</I></B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>LOD, Israel; February 14,
2002&nbsp;&#151;&nbsp; NUR Macroprinters Ltd. (NASDAQ: NURM), a world leading manufacturer
of wide&nbsp;-&nbsp;format and superwide digital printing systems and consumables for the
out&nbsp;-of-home advertising market, today announced its consolidated financial
results for the fourth quarter and year ended December 31, 2001. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Revenues for the year ended
December 31, 2001 were $120.4 million compared to $121.9 million for the year
ended December 31, 2000. Net income for 2001, excluding restructuring and other
one&nbsp;-time charges, was $244,000, or $0.02 per share fully diluted, and a loss of
$(7.2) million, or $(0.49) per share including such charges, compared to a net
income of $8.5 million, including one-time Salsa acquisition charges, or $0.57
per share fully diluted, in 2000. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gross profit for the year
was $48.5 million excluding one-time inventory write-offs of $4.0 million, and
$44.5 million including such charges, compared to $57.8 million for the prior
year. Operating income for the year was $3.3 million excluding one-time
inventory write-offs of $4.0 million and $3.4 million of restructuring and other
one-time expenses, and a loss of $(4.1) million including such charges, as
compared to $16.5 million in the prior year. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Revenues for the fourth
quarter of 2001 were $28.6 million, as compared to $39.7 million for the fourth
quarter last year. Net income for the fourth quarter was $164,000, or $0.01 per
share excluding one&nbsp;-time charges, and a net loss of $(764,000), or $(0.05) per
share, including such charges, as compared to a net income of $4.1 million, or
$0.26 per share fully diluted, in the comparable quarter last year. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gross profit for the fourth
quarter was $11.5 million, compared to $18.8 million in the comparable period
last year. Operating expenses for the fourth quarter were $11.0 million
excluding restructuring and other one&nbsp;-time charges of approximately $0.9
million, and $11.9 million including such charges, compared to $13.4 million in
the comparable period last year. Operating income for the fourth quarter was
approximately $534,000 excluding one&nbsp;-time charges, and a loss of $(394,000)
including such charges, compared to $5.4 million in the comparable period last
year. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commenting on the results,
Erez Shachar, CEO of NUR Macroprinters, said, &#147;Recognizing the implications
of the economic slowdown on our industry, we implemented an additional
restructuring plan for further reduction of expenses to ensure profitability
even at lower revenue levels. We managed to reduce our operating expense levels
by $2.4 million per quarter, or a total of 20% of our SG&amp;A costs. We believe
that this new cost structure gives us a solid base for profit generation on
which to build our future growth. &#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. Shachar continued,
&#147;During the fourth quarter we introduced new products &#150; the enhanced
NUR Fresco&#153; HiQ series and the new textile NUR Fabrigraph&#153; dye
sublimation printers, which were enthusiastically received by our customer base.
The NUR Fresco&#153; HiQ is a new product based on the Nur Fresco product line,
and was designed to enhance the quality and reliability of the Fresco line. With
the introduction of the Fresco HiQ we believe the product will take a leadership
position as the premier wide format production printer, truly capable of
replacing the conventional wide format printing processes. Our recently
commercially released NUR Fabrigraph&#153; 1500 and 3200 dye sublimation
printers round-out the Company&#146;s equipment line with production oriented
products optimized for the short run, on demand, digital printing of signage
textiles such as flags, banners and tradeshow exhibits.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr.
Shachar concluded, &#147;2001 was a year of business stabilization. We
maintained a revenue level of over $120 million, while reducing operating
expenses and creating a more efficient organization. We invested in the building
of infrastructure to support future growth. During 2001, we invested in our IT
infrastructure worldwide, in revamping our product lines across the board and
building the strongest customer support organization in the industry. We believe
that these investments in our ability to better serve our customers will be the
base for our future growth, as the wide format digital printing revolution
unfolds.&#148;</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
THE COMPANY WILL HOST A CONFERENCE CALL TO DISCUSS THESE RESULTS ON THURSDAY
FEBRUARY 14TH, AT 10:00AM, EDT/5:00 PM, ISRAEL TIME. TO PARTICIPATE, PLEASE
CALL; 1-800-547-8913 (U.S. TOLL FREE), 1-800-270-077 (ISRAEL TOLL FREE),
1-785-832-2041 (INTERNATIONAL), ID CODE: NUR. THE CONFERENCE CALL WILL ALSO
BE WEBCAST LIVE AT: WWW.NUR.COM/INVESTORS, AND WILL BE AVAILABLE FOR REPLAY
AT THAT SITE STARTING 2PM EDT ON THE DAY OF THE CALL, OR BY CALLING
1-800-753-6120 (U.S.) / 1-402-220-0684 (INTERNATIONAL).  THE CALL WILL ALSO
BE AVAILABLE FOR REPLAY IN ISRAEL FOR 48 HOURS STARTING 08:00, SUNDAY,
FEBRUARY 17, BY CALLING 1-800-250-022.</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ABOUT NUR MACROPRINTERS LTD.</FONT></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NUR Macroprinters (NASDAQ:
NURM) is a global market leader in wide and super wide digital printing
solutions for the out-of-home advertising market. From its photorealistic
printers to its high throughput production presses, NUR&#146;s comprehensive
line of digital printers and consumables address the complete range of wide and
super wide format digital printing requirements. NUR&#146;s fully digital
printing solutions help customers worldwide deliver the high quality and fast
turnaround they need to meet their customers&#146; &nbsp;wide ranging printing
requirements. NUR Macroprinters Ltd. can be found on the Internet at
www.nur.com. </FONT></P>

<PAGE>
<BR>
<BR>
<BR>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1.5>SAFE HARBOR:</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1.5>CERTAIN STATEMENTS MADE
HEREIN THAT USE THE WORDS &#147;ESTIMATE,&#148; &nbsp; &#147;PROJECT,&#148; &nbsp;
&#147;INTEND,&#148; &nbsp; &#147;EXPECT,&#148; &nbsp; &#147;BELIEVE&#148; AND SIMILAR
EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THESE
FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES
WHICH COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF NUR
MACROPRINTERS LTD. TO BE MATERIALLY DIFFERENT FROM THOSE WHICH MAY BE EXPRESSED
OR IMPLIED BY SUCH STATEMENTS, INCLUDING, AMONG OTHERS, CHANGES IN GENERAL
ECONOMIC AND BUSINESS CONDITIONS AND SPECIFICALLY, DECLINE IN DEMAND FOR NUR
MACROPRINTERS LTD&#146;S PRODUCTS, INABILITY TO TIMELY DEVELOP AND INTRODUCE NEW
TECHNOLOGIES, PRODUCTS AND APPLICATIONS AND LOSS OF MARKET SHARE AND PRESSURE ON
PRICES RESULTING FROM COMPETITION. FOR ADDITIONAL INFORMATION REGARDING THESE
AND OTHER RISKS AND UNCERTAINTIES ASSOCIATED WITH THE COMPANY&#146;S &nbsp;BUSINESS,
REFERENCE IS MADE TO NUR MACROPRINTERS LTD.&#146;S &nbsp;REPORTS FILED FROM TIME TO
TIME WITH THE SECURITIES AND EXCHANGE COMMISSION.<BR>
This press release is available at <I><U>http://www.nur.com/</U></I> and <I><U>http://
www.portfoliopr.com/</U></I> </FONT></P>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR MACROPRINTERS LTD</FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Consolidated Statements Of Operations</FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
U.S. $ in thousands, except per share data</FONT></TD>
</TR>
</TABLE>


<PRE>
                                                           Twelve months ended
                                                 12/31/01        12/31/01       12/31/00
                                                As reported    Pro forma(1)   As reported

Revenues
  Sales of printers and related products         $120,377        $120,377       $121,924

                                                  120,377         120,377        121,924
Cost of revenues
  Cost of sales of printers and related
    products                                       71,928          71,928         64,107
  One time inventory write-offs                     3,989               0              0
                                                   75,917          71,928         64,107

Gross profit                                       44,460          48,449         57,817
                                                    36.93%          40.25%         47.42%
Research &amp; Development expenses                    10,883          10,883         10,777
Less-Grants                                          (649)           (649)          (451)
Research &amp; Development expenses, net               10,234          10,234         10,326

Selling expenses, net                              18,666          18,666         17,385
General and administrative expenses                13,321          13,321         12,165
Amortization of goodwill and other
  intangible assets                                 2,904           2,904          1,452

Restructuring and other one time expenses           3,471               0              0
                                                   38,362          34,891         31,002

Operating income (loss)                            (4,136)          3,324         16,489

Financial expenses net                             (3,331)         (3,331)        (1,423)
Other income net                                      (90)            (90)            25

Income (loss) before taxes on
  income and equity losses                         (7,557)            (97)        15,091

Taxes on income                                       191             191         (1,244)
Equity in profits (losses) of
  affiliates, net of taxes                            150             150           (454)

Net income (loss) before one time Salsa
  acquisition related items                        (7,216)            244         13,393

One time acquisition related items
Business integration Costs                              0               0            600
In-process R&amp;D                                          0               0          4,300
                                                        0               0          4,900

Net income (loss) for the period                  $(7,216)          $ 244        $ 8,493
                                                    -5.99%           0.20%          6.97%

Earning (loss) per share                           $(0.49)         $ 0.02         $ 0.65
Diluted earnings (loss) per share                  $(0.49)         $ 0.02         $ 0.57
Weighted average number of shares
  outstanding during the period                14,655,048      14,655,048     13,150,110
Weighted average number of shares
  outstanding during the period used for
  diluted earnings (loss) per share                 -          15,138,991     14,793,327

</PRE>

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<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR MACROPRINTERS LTD</FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Consolidated Statements Of Operations</FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#149;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
U.S. $ in thousands, except per share data</FONT></TD>
</TR>
</TABLE>

<PRE>
                                                            Three months ended
                                                 12/31/01        12/31/01       12/31/00
                                                As reported   Pro forma(2)    As reported

Revenues
  Sales of printers and related products          $28,552         $28,552        $39,695

                                                   28,552          28,552         39,695
Cost of revenues
  Cost of sales of printers and
    related products                               17,015          17,015         20,883
  One time inventory write-offs
                                                   17,015          17,015         20,883

Gross profit                                       11,537          11,537         18,812
                                                    40.41%          40.41%         47.39%
Research &amp; Development expenses                     2,070           2,070          2,644
Less-Grants                                           (45)            (45)          (236)
Research &amp; Development expenses, net                2,025           2,025          2,408

Selling expenses, net                               4,800           4,800          6,199
General and administrative expenses                 3,452           3,452          4,101
Amortization of goodwill and
  other intangible assets                             726             726            726

Restructuring and other one
  time expenses                                       928               0              0
                                                    9,906           8,978         11,026

Operating income (loss)                              (394)            534          5,378

Financial expenses net                               (661)           (661)          (526)
Other income net                                      (36)            (36)            17

Income (loss) before taxes on income
  and equity losses                                (1,091)           (163)         4,869

Taxes on income                                       191             191           (467)
Equity in profits (losses) of affiliates,
  net of taxes                                        136             136           (336)

Net income (loss) before one time Salsa
  acquisition related items                          (764)            164          4,066

One time acquisition related items
Business integration Costs                              0               0              0
In-process R&amp;D                                          0               0              0
                                                        0               0              0

Net income (loss) for the period                    $(764)          $ 164        $ 4,066
                                                    -2.68%           0.57%         10.24%


Earning (loss) per share                           $(0.05)         $ 0.01         $ 0.28
Diluted earnings (loss) per share                  $(0.05)         $ 0.01         $ 0.26
Weighted average number of shares
  outstanding during the period                14,739,476      14,739,476     14,508,529
Weighted average number of shares
  outstanding during the period used for
  diluted earnings (loss) per share                 -          14,984,768      5,780,136


(1) Excluding one time inventory write-offs of $4 million and $3.5 million of restructuring
    and other one time expenses
(2) Excluding restructuring and other one time expenses of $ 0.9 million

</PRE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR MACROPRINTERS LTD.<BR>
Condensed Balance Sheets, US$ in thousands</FONT></P>

<PRE>
                                                 31.12.01        31.12.00

Current Assets:
   Cash and cash equivalent                        12,486          19,219
   Accounts receivable - trade                     36,262          43,126
   Other receivables and prepaid
    expenses                                        6,783           6,469
   Inventories                                     24,998          23,547

Total Current Assets                               80,529          92,361

Investments and other non-current
  assets
Long-term accounts receivables -
  trade                                             2,674           2,387
Investments and other non-current
  assets                                            1,137           1,443
Severance pay funds                                   751             696
                                                    4,562           4,526

Property and Equipment, net                        12,578           7,046

Other assets, net                                  13,739          15,994

Total assets                                      111,408         119,927

Liabilities and Shareholders' Equity
 Current Liabilities:
  Short - term bank credit                          5,061             667
  Current maturities of long
    - term loans                                    2,057             864
  Trade payables                                   19,667          20,222
  Accrued expenses and other
    liabilities                                    10,465          13,423
  Advances from customers                             433           1,999
  Total Current Liabilities                        37,683          37,175
 Long -Term Liabilities:
  Long - Term loans                                31,720          33,847
  Accrued severance pay                             1,008             980
                                                   32,728          34,827

 Shareholders' Equity:
  Share capital                                     3,674           3,618
  Capital surplus                                  39,493          39,057
  Cumulative translation adjustment                  (782)           (578)
  Accumulated Earnings (Deficit)                   (1,388)          5,828
  Total Shareholders' Equity                       40,997          47,925
  Total Liabilities and Shareholders'
    Equity                                        111,408         119,927

</PRE>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES</FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized. </FONT></P>


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<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>NUR MACROPRINTERS LTD</B></FONT></TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
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<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Date: February 20, 2002</FONT></TD>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>By:<U>&nbsp;&nbsp;/s/ EREZ SHACHAR
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Erez Shachar<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer
</FONT></TD>
</TR>
</TABLE>
<BR>



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