Photronics

Since March 2002 Constantine S. Macricostas has served as Chairman of the Board of the Company. Prior to that date Mr. Macricostas also held the title of Chief Executive Officer. In January 2002 he temporarily assumed the position of President upon the retirement of James L. Mac Donald. From August 1997 to June 2000 he was the Chairman of the Board of the Company and also served as Chief Executive Officer of the Company from 1974 until August 1997. Mr. Macricostas is Chairman of the Board and a director of RagingWire Telecommunications Inc.

S.H. Jeong joined Photronics in 2001 as President and Chief Executive Officer of the Company?s majority interest Korean subsidiary, PKL Limited. In 1995, Mr. Jeong founded PKL Limited, a spin-off from Anam Semiconductor where as Vice President he was responsible for establishing Anam?s internal photomask manufacturing operation in 1993. In his current position, Mr. Jeong is responsible for all manufacturing and sales activities in Asia. His engineering and technology development background also enable him to work closely with Photronics? global R&D team to insure that advanced reticle fabrication technologies smoothly transition into volume manufacturing. Over the course of his 23 year career, Mr. Jeong has played leadership roles in establishing other photomask manufacturing operations in South Korea, including those of DuPont Photomask and Samsung. Mr. Jeong lives in Seoul, South Korea with his family. He holds a Ph.D. in Electronic Engineering from Kyung Book University.

Dr. Christopher J. Progler was elected Vice President and Chief Technology Officer in 2004, after initially serving as the Company?s first Chief Scientist. In this new position, Dr. Progler has primary responsibility for Photronics technology strategy and core technology assets including intellectual property, next generation developments and emerging technology partnerships. Prior to joining Photronics, Dr. Progler held a number of technical and management positions with leading integrated circuit companies including IBM, Texas Instruments and ST Microelectronics. His collected work in R&D and advanced manufacturing over the past 17 years has yielded major advances at leading semiconductor and infrastructure supplier companies. In recognition of his contributions to semiconductor lithographic sciences and publications, Dr. Progler was elected Fellow of SPIE- The International Society for Optical Engineering. Dr. Progler is also member of the Board of Directors of SPIE and serves on a number of leadership committees associated with the organization. He is Associate Editor for SPIE Journal of Microlithography and helped launch a number of new technical Symposia including the first Microlithography Symposium in Beijing China in 2004. Dr. Progler serves on a number of corporate and consortia advisory boards, in addition to several working groups serving the semiconductor industry. He has held University Mentor positions through the Semiconductor Research Corp. and is visiting lecturer at University of Texas at Dallas in the Electrical Engineering graduate program. He is frequent invited speaker and panelist at semiconductor industry events and has published over 70 papers in the semiconductor field along with numerous patents. Dr. Progler graduated with a Bachelor of Science in Optics from the University of Rochester and received his Ph.D. in Electrical Engineering from the University of Texas at Dallas.

Sean T. Smith was promoted to Senior Vice President in 2005. Prior to his current position he was elected as the Company's Vice President and Chief Financial Officer in 2002 after initially serving as the Company?s Corporate Controller. Since assuming the Chief Financial Officer position, Mr. Smith has lead the finance team to work closely with each of the Company?s departments by focusing attention on three key areas that have been essential in broadening its competitive position. These include strengthening Photronics? financial position; partnering with operations management and support functions to streamline the global manufacturing network that improves the Company?s ability to generate free cash flow; and raising capital in support of a global strategic investment plan to enhance Photronics? capabilities required to support technology driven customers. Mr. Smith?s vision and ability to orchestrate strategic activities across Photronics? global organization were critical in two separate streamlining initiatives that resulted in the successful consolidation of facilities in Europe and North America. Furthermore, his vast experience in working with both commercial and investment bankers led to the mutually beneficial renegotiation of the Company?s $100 million multi-currency credit facility and the successful placement of $150 million in convertible securities. The results of these actions enabled the Company to further strengthen its focus on customer service and deliver technological excellence. Prior to joining Photronics, Mr. Smith was Vice President and Chief Financial Officer of Carvel Corporation. In addition to his experience at Carvel, Mr. Smith served as Controller and Chief Accounting Officer for Starter Corporation, a publicly held apparel-licensing firm, as well as 12 years of public accounting experience with the accounting firm of Ernst & Young. Mr. Smith is a Certified Public Accountant who graduated with honors from Quinnipiac College in Hamden, Connecticut where he has since returned and served as an adjunct faculty member.

Prior to joining Photronics Mr. McCarthy held positions at a leading investor relations and management-consulting firm Amen & Associates, a unit of Ketchum Communications, where he worked with both large cap and micro cap companies seeking to establish a meaningful investor relations presence on Wall Street. His investment community experiences also include positions with leading Wall Street firms Dreman Value Management and Dean Witter Reynolds.

Ned Lewis joined the Company in April 2003 after over three years as Vice President and General Counsel of American Science and Engineering, Inc. a leading manufacturer of x-ray inspection equipment for security of ports and borders and high risk government facilities. From 1997 to 2000, he was President of the Atlantic Legal Foundation, a public interest law firm in New York City. From 1995 to 1997, Mr. Lewis was Vice President, General Counsel and Corporate Secretary of Borg-Warner Security Corporation and from 1983 to 1995 was general counsel for its Wells Fargo Alarm Services subsidiary and then for its Burns International Security Services subsidiary. Previously, Mr. Lewis was senior attorney for the Atlantic Richfield Company and with a law firm in Pennsylvania. Mr. Lewis holds a J.D. Degree from Temple University School of Law and a B.A. Degree in International Affairs from Lafayette College. Mr. Lewis is a member of the Legal Advisory Board of the National Federation of Independent Business Legal Foundation.

Nicholas Colonese joined Photronics in 2001 as Vice President, Corporate Controller. In this strategically important role, he works extensively with the Company’s senior and operating management teams to insure that the Company maximizes the utilization of its financial assets in meeting the Company’s strategic goals. His global financial reporting responsibilities include SEC and management reporting, financial planning and analysis, global cost containment, and establishing and maintaining global financial policies and procedures. With over twenty years of broad-based financial experience, Mr. Colonese joined Photronics after holding positions of increasing scope and responsibility at Ernst & Young. As a Principal for the firm, he was responsible for planning and supervising audits for numerous manufacturing and other companies. Additionally, he was frequently called on to counsel clients in areas such as mergers and acquisitions, restructurings, internal controls, loan covenant compliance and tax provisions. Mr. Colonese received his Bachelor of Science degree from the University of Connecticut. He is a member of the Connecticut Society of Certified Public Accountants and the American Institute of Certified Public Accountants. He has also served as chairman of a funds distribution committee for the United Way of Greater New Haven and is a member of Leadership Greater Hartford.

P.J. Shurick has been working with high technology companies in the area of Human Resources for over twenty years.? In addition to broad Human Resource experience, she has earned specialization in employee relations, training and development.? Prior to rejoining Photronics in her current position, Ms. Shurick held positions with similar responsibilities at Wentworth Laboratories and National Semiconductor. She previously served Photronics as Corporate Human Resources Manager, establishing a Company-wide training and development function, and supervising site HR personnel responsible for all site-related generalist areas. Ms. Shurick earned a BA in English from the University of Missouri and is a Certified trainer. She is a member of the American Society for Training and Development and the Society of Human Resource Management.

Scott Gish joined Photronics in January 2006 in the position of Vice President Global Sales and Business Development. In his role, Scott has responsibility for global sales strategy, customer relationship management and business development. Scott joined Photronics from Veeco Instruments, where he served as Vice President of Sales since 2003. During his tenure, he successfully implemented strategic account management methodologies that enabled the company to achieve record sales levels in the data storage industry. Prior to Veeco, Mr. Gish had been promoted through a variety of sales and product marketing positions of increasing responsibility within the semiconductor industry at Axcelis Technologies and within Schlumberger?s automatic test equipment division Scott earned his Masters of Business Administration degree from St. Edwards University in Austin, Texas and his Bachelor of Science degree in Electrical Engineering from The Ohio Institute of Technology in Columbus, Ohio.

With over 30 years of experience in the semiconductor industry, Mr. Ahmad was Elected as Vice President, Europe in 2004. Previously serving as Vice President, North America he has also held positions as Site Director at Photronics? Austin, Texas and Manchester, UK facilities. During his tenure with the Company, he has assembled an impressive list of accomplishments, which include directing the installation and qualification of 130nm process technology and its integration into manufacturing at the Austin site. At the Manchester site, his experience with advanced technology manufacturing was crucial to successfully installing the Company?s European 130 nanometer and below tool and processes and ascertaining customer qualifications at and below 120 nanometers. This enabled Photronics to become the first European photomask supplier to offer Embedded Attenuated Phase Shift Mask (EAPSM) and process capabilities and establish Photronics as the leading edge mask manufacturing facility in Europe. Prior to joining Photronics, Mr. Ahmad served as Manufacturing Manager at Samsung?s start-up wafer fab in Austin. In addition, Mr. Ahmad held various manufacturing positions of increasing responsibility at Texas Instruments for 25 years. Mr. Ahmad holds a Bachelor of Arts degree from the University of Houston.

Joseph A. Fiorita is a partner in Fiorita, Kornhaas and Van Houten, P.C., an independent certified public accounting firm located in Danbury, Connecticut.

Walter M. Fiederowicz has been a private investor and consultant since August 1997. From April 1997 until August 1997, he served as the President and Chief Executive Officer of WorldCorp., Inc., the holding company of World Airways, Inc., a provider of long range passenger and cargo air transportation services to major airlines, and of InteliData Technologies Corporation, a provider of caller identification based telecommunications devices, smart telephones and on-line electronics information services. Mr. Fiederowicz served as Chairman of Colonial Data Technologies Corp., a distributor of telecommunications equipment which subsequently merged into InteliData Technologies Corporation, from August 1994 to March 1996. He currently serves as Chairman of the Board of Meacock Capital, plc, an investment vehicle for the Lloyd's insurance market. He also is Chairman of the Board of Heritage Underwriting Agency, plc, the holding company of the Lloyd's insurance underwriter and serves as a director of First Albany Companies, Inc., the parent of a broker-dealer.

Mitchell G. Tyson is the Chief Executive Officer and a Director of Advanced Electron Beams, a privately held developer of electron beam industrial process systems since October 2005. Prior to joining Advanced Electron Beams, Mr. Tyson held positions of increasing management responsibility during his fifteen-year tenure at PRI Automation, the world's leading supplier of semi-fab materials handling systems. Most recently he served as PRI Automation's Chief Executive Officer from 1998 to 2002. Prior to joining PRI Automation, Mr. Tyson worked at GCA Corporation from 1985 to 1987 and served as science advisor to U.S. Senator Paul Tsongas from 1979 to 1985. Mr. Tyson is currently a member of the Board for Amberwave Systems, the leading supplier of strained silicon technology. Mr. Tyson is Chairman of the Nominating Committee and a member of the Audit Committee of the Company.