Elron Announces Appeal against Dismissal of Purported Class Action Filed in 1999

TEL AVIV, Israel--(Business Wire)--
Elron Electronic Industries Ltd. (NASDAQ:ELRN) (TASE:ELRN), announced today
that, further to its announcement on January 25, 2009 regarding the dismissal by
the District Court of Haifa of an application to certify a purported claim as a
class action filed in November 1999 against, among others, Elron and certain of
its officers, including former officers, the plaintiffs filed an appeal with the
Supreme Court in Jerusalem against the District Court of Haifa`s dismissal
decision.

The allegations raised in the purported class action relate to the period prior
to the sale of Elron`s holdings in Elbit Imaging Ltd., (formerly known as Elbit
Medical Imaging Ltd.) (the parent company of Elscint and formerly an affiliated
company) in 1999. The plaintiffs are claiming compensation for damages sustained
due to an alleged failure of Elbit Imaging to effect a tender offer for Elscint
shares, as well as due to other allegations.

For additional details see the Company`s most recent Consolidated Financial
Statements as of December 31, 2008 filed under Form 6-K under "Note 15(e) -
Contingent Liabilities, Pledges And Commitments - Legal Proceedings".

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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