[SHIBOLETH, YISRAELI, ROBERTS, ZISMAN & Co. LETTERHEAD]


                                                        Exhibit 5.0
Camtek Ltd.
P.O. Box 631
Migdal Haemek, 10556
ISRAEL

      Re:  Camtek Ltd. -- Registration Statement on Form S-8
           for Offering of an Aggregate of 1,473,128
           Ordinary Shares

Ladies and Gentlemen:

      We have acted as counsel to Camtek Ltd., an Israeli company (the
"Company"), in connection with the registration on Form S-8 (the
"Registration Statement") under the Securities Act of 1933, as amended, of an
aggregate of 1,473,128 Ordinary Shares (the "Shares") authorized for issuance
under the Company's Employee Shares Option Plan, the Employee Shares Option
Plan -- U.S. and the Employee Shares Option Plan -- Europe (the "Plans").

      This opinion is being furnished in accordance with the requirements of
Item 8 of Form S-8 and Item 601(b)(5)(i) of Regulation S-K.

      In our capacity as your counsel in connection with your preparation and
filing of the Registration Statement, we have examined the Company's Articles
of Association, the Plans, and protocols of meetings of the board of
directors of the Company and its shareholders with respect to the Plans and
the allocation of options to employees under the Plans, which were presented
to us by the Company. We have assumed that the Company presented to us all
such protocols relating to or having any bearing on the Plans.

      In connection with the authorization, issuance and sale of the Shares
pursuant to the Plans, and for purposes of this opinion, we have assumed,
without having conducted any independent investigation or verification, that
the documents we examined are in full force and effect and have not been
amended or otherwise modified and that all actions, resolutions, documents
and other instruments required under the Plans and all related documents have
been and shall be, with regard to future actions, duly and validly taken by
the Company and authorized by all relevant persons and entities and have been
or shall be duly, validly and timely completed in the manner required both
with regard to their adoption procedures and to their contents. In our
examination, we have assumed the genuineness of all signatures, the legal
capacity of all natural persons, the correctness and completeness of
certificates of public officials and the representations set forth therein,
the authenticity of all documents submitted to us as originals and the
conformity to authentic original documents of all documents submitted to us
as copies.

      We are opining herein as to the effect on the subject transaction only
of the internal laws of the State of Israel, and we express no opinion with
respect to the applicability thereto, or the effect thereon, of the laws of
any other jurisdiction.

      Subject to the foregoing, we are of the opinion that, if, as and when
the Shares have been issued by the Company (and the consideration therefor
received) pursuant to the provisions of option agreements duly authorized
under the Plans, such Shares will be duly authorized, legally issued, fully
paid and nonassessable.

      We consent to the filing of this opinion letter as Exhibit 5 to the
Registration Statement.

      This opinion letter is rendered as of the date first written above and
we disclaim any obligation to advise you of facts, circumstances, events or
developments, including, without limitation, in the law, which hereafter may
be brought to our attention and which may alter, affect or modify the opinion
expressed herein. Our opinion is expressly limited to the matters set forth
above and we render no opinion, whether by implication or otherwise, as to
any other matters relating to the Company, the Plans or the Shares.

                                  Very truly yours,



                                  /s/ Shiboleth, Yisraeli, Roberts,
                                      Zisman & Co., Advocates
                                             & Notary