ICOS Vision Systems Announces Fourth Quarter and Fiscal Year 2007
Results

   ICOS Vision Systems decides to discontinue its share repurchase
                               program

Leuven, Belgium  -  February  21,  2008    -    ICOS  Vision  Systems
Corporation NV  (Euronext: IVIS),  a leading  supplier of  inspection
solutions for the semiconductor industry, today announced results for
the fourth quarter and year ended December 31, 2007.

Revenues for  the three  months  ended December  31, 2007  were  22.5
million Euro, representing a 12 % increase over the third quarter  of
2007 revenues  of 20.1  million Euro  and a  4.5 % increase from  the
21.5 million Euro  reported in the  fourth quarter of  2006.   Income
from operations for the fourth quarter of 2007 was 2.6 million  Euro,
compared to 1.7 million Euro and  0.1 million  Euro reported for  the
third quarter of 2007 and fourth quarter of 2006, respectively.   Net
income for the  fourth quarter of  2007 was 2.8  million Euro, or  27
Eurocents per share.

Revenues for the year 2007 were  80.0 million Euro compared to  105.6
million Euro  in  2006.  Operating  profit in 2007  was  5.6  million
Euro compared to 22.3  million Euro in 2006.  Net income for 2007 was
8.0 million Euro, or 79 Eurocents per share, compared to a net income
of 20.1 million Euro, or 1.91 Euro per share, in 2006.

"During the fourth quarter, revenues grew as expected, with all three
product lines contributing to sequential growth," commented Anton  De
Proft, ICOS' president and chief executive officer. "We continued  to
invest heavily in future products this year, with R&D spending at 19%
of revenues in 2007.  This investment will enable ICOS to stay  ahead
of the  curve as  end-market  applications for  inspection  solutions
continue  to   evolve   and  our   customers'   requirements   become
increasingly complex."

In view of the voluntary public  bid on its shares announced  earlier
today, the Board of Directors  also decided to discontinue the  share
repurchase program, with immediate effect.


ICOS designs and manufactures inspection equipment for  semiconductor
packaging and  interconnect  applications.   It  is  a  world-leading
supplier of equipment for the visual inspection of IC's, before  they
are used in  various applications  such as PC's,  portable phones  or
cars. ICOS' systems  perform two- and  three-dimensional (2D and  3D)
inspection of IC's,  wafers, solar cells,  substrates, sockets,  etc.
 ICOS offers stand-alone  inspection systems, as  well as  inspection
modules for integration.   ICOS is  headquartered in Leuven,  Belgium
and has R&D  centers in  Belgium, Germany  and Hong  Kong, sales  and
support offices in Japan,  the USA, Singapore,  Hong Kong, Korea  and
Taiwan and production facilities in Belgium, Hong Kong and China.

         ICOS Vision Systems NV can be found on www.icos.be

Forward Looking Statements
This press release contains  forward looking statements with  respect
to the business,  financial condition, and  results of operations  of
ICOS Vision  Systems  Corporation  NV and  its  affiliated  companies
(hereafter '  ICOS').  These  statements are  based  on  the  current
expectations or  beliefs of  ICOS' management  and are  subject to  a
number of risks and uncertainties that could cause actual results  or
performance to  differ materially  from  those contemplated  in  such
forward looking statements. These  risks and uncertainties relate  to
changes in technology and market requirements, the cyclicality of the
markets in which it is active  , decline in demand for the  company's
products  ,   inability  to   timely   develop  and   introduce   new
technologies, products and applications, and loss of market share and
pressure on pricing resulting from competition which could cause  the
actual results or  performance of  the company  to differ  materially
from those contemplated in such  forward looking statements. Some  of
these risk factors were highlighted in the Consolidated and Statutory
Report 2006  of the  Board of  Directors which  can be  found in  the
Annual Report  2006  page 51-54.  ICOS  undertakes no  obligation  to
publicly release any revisions to these forward looking statements to
reflect events or circumstances after  the date hereof or to  reflect
the occurrence of unanticipated events.


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