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Shamir Optical Industry Ltd. Reports Fourth Quarter and Year-End 2007 Results
Date:3/6/2008

cember 2007 exchange rates.

Conference Call:

Shamir has scheduled a conference call for 9:00 a.m. today to discuss fourth quarter results. To participate in the call, please dial (800) 254- 5933 (U.S. and Canada) or (973) 409-9255 (International). The conference ID for this event is #36436398. For those unable to participate there will be replay available from 12:00 p.m. EST on March 6, 2008, through 11:59 p.m. EDT, March 13, 2008. Please call: (800) 642-1687 (U.S. and Canada) (706) 645-9291 (International). The ID code for the replay is #36436398.

The call will be available as a live, listen-only webcast at http://www.kcsa.com. Please go to the KCSA website at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. A 30-day archive of the webcast will be available approximately 2 hours after the conclusion of the live call.

About non-GAAP financial measures

This press release includes non-GAAP financial measures -- non-GAAP operating income and non-GAAP net income -- that exclude certain charges. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management of Shamir believes that non-GAAP operating income and non-GAAP net income provides meaningful supplemental information because these numbers, which exclude the effect of non-cash stock-based compensation expenses and the valuation allowance provided on deferred tax assets, net of minority interest, reflect our core operational results and are used by management internally to review Shamir's financial results.

About Shamir

Shamir is a leading provider of innovative products and technology to the progressive spectacle lens market. Utilizing its proprietary technology, the company develops, designs, manufactures, and markets
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SOURCE Shamir Optical Industry Ltd.
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