Changes to the Board of Directors

Einar J. Greve has informed Eltek ASA that he will become a partner in Arctic Securities ASA. As a consequence of this and in accordance with the Norwegian Securities Trading Act, Einar J. Greve has notified the Company that he resigns from the Board of Eltek ASA with immediate effect. About Eltek ASA: Eltek is a strategic technology partner within power solutions and microwave radio transmission, through its two business units Eltek Valere and Nera Telecommunications (NeraTel).  The Company reported revenue of NOK 5.8 billion in 2009, and had close to 3,300 employees in more than 50 countries at the end of 2009.  Following the divestment of Nera Networks, Eltek is focused on its core business in telecom power and power electronics solutions for industrial applications and renewable energy markets such as solar power and electric vehicles.  Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Eltek ASA via Thomson Reuters ONE [HUG#1493257]