Lumenis Announces Change in Board of Directors

Yokneam, Israel, February 17, 2005 – Lumenis Ltd. (LUME.PK), a global developer, manufacturer and seller of laser and light-based devices for medical, aesthetic, ophthalmic, dental and veterinary applications, today announced that Mr. Avner Raz had stepped down as a director of the Company.  Under Israeli law, all actions with directors, including routine compensation matters, must be submitted for approval by shareholders. In light of foregoing and as the company is not generally convening shareholders meetings pending the completion of audited financial statements for distribution to shareholders, Mr. Raz has decided to step down as a director. Such action has no effect on Mr. Raz's other roles with the Company.  Mr. Raz continues to serve as the President and Chief Executive Officer of the Company.  As a result of such action, the Board of Directors of the Company consists entirely of outside, non-employee directors.

Avner Raz, President and Chief Executive Officer said, “This decision was taken due solely to the Israeli legal requirements regarding director’s compensation and the lack of our audited financial statements. It will have no impact on the management or direction of Lumenis.  Management and the Board have worked closely together throughout the turnaround and are together focused on executing the next phase of our plan of growth and profitability.” 

About Lumenis

Lumenis is a global developer, manufacturer and seller of laser and light-based devices for medical, aesthetic, ophthalmic, dental and veterinary applications.  The Company offers a wide range of products  along with  extensive product support systems including training, education and service.  Lumenis invests heavily in research and development to maintain and enhance its leading industry position.  The Company holds numerous patents worldwide on its technologies.  For more information about Lumenis and its products, log onto http://www.lumenis.com

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