Park -- CEO, Maxtor Corporation

Fan Hsu, Director of Proteomics, UC Santa Cruz

Lewis Williams -- Founder, Chief Chairman, FivePrime

Peter Moran -- General Partner , Doll Capital

TaeHea Nam -- General Partner, Storm Ventures

Chong Lee -- VP of Technology , QUALCOMM

Christopher Ko -- VP of Samsung Adv.
For more information on becoming a member of the global KIN network,
please visit www. Additional
information on the Company can be accessed at http://www.

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KINCON 2005 is June 6-7th at the Crowne Plaza
Cabana Hotel in Palo Alto. The IT industry has emerged as a key driving force of
the Korean economy," said John Park, VP of KIN.org or inquire
(408) 432-5006.

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koreait. KIN consists of membership organizations
and chapters that collectively represent more than 5,000 members in
the United States, China and Japan.

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KINCON 2005 offers the venue to begin building
this bridge. Attendees also
have unique opportunities to learn from and network with people who
can make a difference in their professional lives. A series of panel
discussions provide a chance to hear directly from experts on major
business and economic issues, emerging opportunities , hot technologies
and IT trends driving the economy today. Institute of Technology
(SAIT )

Jon Callaghan -- Managing Director, Globespan Capital

Jay Eum -- Managing Director, Samsung Ventures

Dan Ahn -- Managing Director, Woodside Fund

Michael Yang -- Founder, President + CEO, Become.

Photronics is a leading worldwide manufacturer of photomasks.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Certain statements in this release are considered "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995.

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Factors
that might affect such forward looking statements include , but are not limited
to, overall economic and business conditions; the demand and receipt of orders
for the Company's products; competitive factors in the industries and
geographic markets in which the Company competes; changes in federal, state
and foreign tax requirements (including tax rate changes, new tax laws and
revised tax law interpretations); the Company's ability to place new equipment
in service on a timely basis; interest rate fluctuations and other capital
market conditions, including foreign currency rate fluctuations; economic and
political conditions in international markets; the ability to obtain a new
bank facility or other financings; the ability to achieve anticipated
synergies and other cost savings in connection with acquisitions and
productivity programs; the timing, impact and other uncertainties of future
acquisitions and investments; the seasonal and cyclical nature of the
semiconductor industry; the availability of capital; management changes;
damage or destruction to our facilities by natural disasters, labor strikes,
political unrest or terrorist activity; the ability to fully utilize its
tools; the ability of the Company to receive desired yields , pricing, product
mix, and market acceptance of its products; changes in technology; and other
risks and uncertainties set forth in the Company's SEC filings from time to
time.

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KINCON 2005 Presents Daeje Chin Minister of the Korean Ministry of Information and Communication + Bill Vass CIO/VP Information Technology Sun Microsystems

About Korea IT Network (KIN):

Formed in Silicon Valley in 2001 as a global network committed to
advancing leadership, innovation and the entrepreneurial spirit , KIN
is a non-profit entity supported by the Ministry of Information and
Communication (MIC) of Korea.

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Daeje Chin, Minister of
the Korean Ministry of Information and Communication and Bill Vass ,
CIO and VP, Information Technology, Sun Microsystems are KINCON 2005's
gala keynote speakers . Additional financial terms of the
transaction were not disclosed.

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----Korea
Information Technology Network (KIN):

-- Technology Luminaries Including Representatives from Samsung,
National Semiconductor, QUALCOMM, Cancer Research Institute,
Doll Capital and Globespan Capital Partners Offer Wireless,
Consumer Electronics and Biotechnology Market Insights at
Conference in Palo Alto, June 6+7

The Korea Information Technology Network (KIN), the platform for
Korea/United States cross -border opportunities, is proud to present
KINCON 2005, a unique venue for technology professionals ,
entrepreneurs and investors interested in selling services and
products to the Korean IT market , understanding Korea's technology
strengths and leveraging these strengths to complement cross-border
deals and networking with key industry leaders, investors, and
entrepreneurs both within and outside Korea. Members of KIN benefit from the
organization's international network of information technology
professionals, companies and investors, both within and outside Korea.koreait. Upon its completion , PKL and its subsidiaries will be wholly
owned by Photronics.photronics.

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Business Editors /High-Tech Writers
KINCON 2005

PALO ALTO, Calif."
All KINCON attendees have unparalleled access to more than 40
speakers, C-level executives, venture capitalists, and entrepreneurs.5 million ). A key element in the manufacture of semiconductors and flat panel
displays, photomasks are used to transfer circuit patterns onto semiconductor
wafers and flat panel substrates during the fabrication of integrated
circuits, a variety of flat panel displays and, to a lesser extent, other
types of electrical and optical components.

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Photronics Announces Tender Offer to Acquire Remaining Shares of PK Ltd. in Korea

BROOKFIELD, Conn.
(Nasdaq: PLAB), a worldwide leader in supplying innovative imaging technology
solutions for the global electronics industry, announced today a tender offer
for all the remaining publicly held shares in PK, Ltd. All forward-looking statements involve risks and uncertainties.

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The theme of KINCON 2005 is "Connecting Ideas + People," bringing
together some of the most influential United States and Korean IT
business leaders. Speakers include:

Nikhil Balram -- CTO, Displays Group, National Semiconductor

C.

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Photronics plans to acquire the
additional equity in PKL, Korea's leading independent photomask manufacturer,
from existing PKL shareholders in exchange for cash consideration of
approximately 27.
Prior to completing this transaction, Photronics owned approximately 90%
of PK, Ltd.

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org

, Photronics, Inc . in Korea (Kosdaq: PKL)
which the Company did not previously own.

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"Now is the time for
US investors , businesses and entrepreneurs to engage with Korea and
bridge the two markets.
They will find significant opportunities for learning about new ideas,
partnering, seeking funds and attracting new customers. They are produced in accordance
with product designs provided by customers at strategically located
manufacturing facilities in Asia, Europe, and North America.

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com

More information on KINCON 2005, June 6-7th at the Crowne Plaza
Cabana in Palo Alto is available at http://www. The Company assumes no obligation to update the information in this
release.

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"Korea has the highest wireless handset and household broadband
Internet penetration rates in the world, and has a leading -edge
consumer electronics market that is home to Samsung, LG Electronics
and SK Telecom.

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This year's speakers build upon KIN's tradition of
providing a premier entrepreneur-centric conference and networking
event that demonstrates both the breadth and depth of the Korea
Information Technology Network's network.S.7 billion Korean Won, or 8,400 Korean Won per share
(approximately US $27. Photomasks
are high precision quartz plates that contain microscopic images of electronic
circuits.

korean korea

In particular, any statement contained in this release regarding the
consummation and benefits of future acquisitions, expectations with respect to
future sales, financial performance, operating efficiencies and product
expansion, are subject to known and unknown risks, uncertainties and
contingencies , many of which are beyond the control of the Company. Any forward-looking statements should be considered in light of these
factors.

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com . These
factors may cause actual results, performance or achievements to differ
materially from anticipated results, performances or achievements.