Item 7.01. Regulation FD.

Photronics, Inc. (the "Company") reports today that neither the Company nor any of its subsidiaries has any cash or other assets on deposit with, holds any debt or equity issued by or has any credit facilities or, swaps or other derivatives with Silicon Valley Bank, First Republic Bank or Signature Bank or any of their affiliated entities.

The information contained in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference in any filing under the Securities Act of 1933 except as shall be expressly set forth by specific reference in such filing.

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