Elron Files Proxy Statement in Connection with Special General Meeting on April 22, 2009

TEL AVIV, Israel--(Business Wire)--
Elron Electronic Industries Ltd. (NASDAQ:ELRN) (TASE:ELRN) today announced that
further to its announcement on March 18, 2009, it has filed with the U.S
Securities and Exchange Commission and the Israel Securities Authority proxy
materials in connection with its Special General Meeting of Shareholders to be
held at 10:00 am, Israel time, on April 22, 2009, at the Company's offices at 3
Azrieli Center, the Triangle Building, 42nd Floor, Tel Aviv, Israel.

The detailed notice and proxy statement is available as of today at no charge on
the U.S. Securities and Exchange Commission's website at http://www.sec.gov and
on the Israel Securities Authority`s website at http://www.magna.isa.gov.il, and
shall be mailed to shareholders of record on or about March 26, 2009.

Elron Electronic Industries Ltd. (TASE & NASDAQ: ELRN), a member of the IDB
Holding group, is a leading Israel-based technology holding company directly
involved in the long-term performance of its group companies. Elron identifies
potential technologies, creates strategic partnerships, secures financing, and
recruits highly qualified management teams. Elron's group companies currently
comprise a diverse range of publicly-traded and privately held companies
primarily in the fields of medical devices, information & communications
technology, clean technology and semiconductors. For further information, please
visit www.elron.com

(Any statements in this press release that may be considered forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially. Actual results may differ from such
forward-looking statements due to various risks and uncertainties, including
among others the risk factors discussed in periodic reports filed by the Company
with the Securities and Exchange Commission, which the Company urges investors
to consider)

Elron Electronic Industries Ltd.
Rinat Remler, Vice President & CFO
Tel. 972-3-6075555
elron@elron.net

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