-FOR IMMEDIATE RELEASE-
ELRON ANNOUNCES THAT NETVISION RECEIVED NOTIFICATION FROM ISRAEL
ANTITRUST AUTHORITY REGARDING AGREEMENT TO ACQUIRE SHARES IN HOT
Tel Aviv, October 5, 2008 - Elron Electronic Industries Ltd. (TASE & NASDAQ: ELRN), today announced that further to its
announcements on May 5, August 13, and October 2, 2008, NetVision (TASE:NTSN), 16% held by Elron, announced today, in
connection with its agreement with Bank Leumi le Israel (the “Bank”) to acquire its shares in HOT Communications Systems
Ltd. (TASE:HOT) (“HOT”), an Israeli telecommunications and cable television company, which amount represents 15% of the
issued and outstanding shares of HOT, that on October 2, 2008 the Israel Antitrust Authority, under the Ministry of Finance,
informed NetVision in writing that it believes this transaction will restrict competition and as such deems it to be a restrictive
arrangement subject to the Restrictive Trade Practices Law 5748-1988. NetVision further announced that it is reviewing the
implications of the Israel Antitrust Authority’s determination on its ability to complete the transaction.
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
Rinat Remler, Vice President & CFO
Elron Electronic Industries Ltd.
(Any statements in this press release that may be considered forward-looking statements are subject to risks and uncertainties that c