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Cimatron Announces Termination of Management Agreement with DBSI

       Cimatron Announces Termination of Management Agreement with DBSI

PR Newswire

GIVAT SHMUEL, Israel, June 24, 2013

GIVAT SHMUEL, Israel, June 24, 2013 /PRNewswire/ --

Cimatron Limited (NASDAQ: CIMT), (the "Company"), a leading provider of
integrated CAD/CAM software solutions for mold, tool and die makers as well as
manufacturers of discrete parts, announced today that DBSI, its controlling
shareholder until recently, will stop providing management services to the
Company. DBSI has been providing Cimatron with management services since 2002
(together with Koonras Technologies Ltd., and alone since 2008), all as
previously approved by Cimatron's shareholders. Such services have included
service of members of the board (currently performed by three directors). Upon
the cessation of the management services (expected to take place in September
this year), DBSI will no longer receive the management fees it has received
from the Company for such services.

About Cimatron

With over 30 years of experience and more than 40,000 installations worldwide,
Cimatron is a leading provider of integrated, CAD/CAM software solutions for
mold, tool and die makers as well as manufacturers of discrete parts. Cimatron
is committed to providing comprehensive, cost-effective solutions that
streamline manufacturing cycles and ultimately shorten product delivery time.

The Cimatron product line includes the CimatronE and GibbsCAM brands with
solutions for mold design, die design, electrodes design, 2.5 to 5 axes
milling, wire EDM, turn, mill-turn, rotary milling, multi-task machining, and
tombstone machining. Cimatron's subsidiaries and extensive distribution
network serve and support customers in the automotive, aerospace, medical,
consumer plastics, electronics, and other industries in over 40 countries
worldwide.

Cimatron's shares are publicly traded on the NASDAQ exchange under the symbol
CIMT. For more information, please visit Cimatron's web site at:
http://www.cimatron.com

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, which are subject to
risk and uncertainties that could cause actual results to differ materially
from those anticipated. Such statements may relate to Cimatron's plans,
objectives and expected financial and operating results. The words "may,"
"could," "would," "will," "believe," "anticipate," "estimate," "expect,"
"intend," "plan," and similar expressions or variations thereof are intended
to identify forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, many of which are beyond Cimatron's ability
to control. The risks and uncertainties that may affect forward looking
statements include, but are not limited to: currency fluctuations, global
economic and political conditions, marketing demand for Cimatron products and
services, long sales cycles, new product development, assimilating future
acquisitions, maintaining relationships with customers and partners, and
increased competition. For more details about the risks and uncertainties
related to Cimatron's business, refer to Cimatron's filings with the
Securities and Exchange Commission. Cimatron cannot assess the impact of or
the extent to which any single factor or risk, or combination of them, may
cause. Cimatron undertakes no obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future
events or otherwise.

Company Contact:

Ilan Erez, Chief Financial Officer
Cimatron Ltd.
Tel.; +972-73-237-0114
Email: ilane@cimatron.com
 
Investor Relations contact:

Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) +1-646-201-9246
Email: Cimatron@ccgisrael.com

SOURCE Cimatron Ltd