Elron to Report First Quarter Financial Results on May 16.

TEL AVIV, Israel -- Elron Electronic Industries Ltd. (NASDAQ & TASE: ELRN) today announced that it will be releasing its first quarter 2006 financial results on Tuesday, May 16, 2006.

Elron will also be hosting a conference call that same day at 9:30am EDT. On the call, Mr. Doron

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 5 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

In the US: 1 866 229 7198

In the UK: 0 800 917 5108

In Israel: 03 918 0600

International Participants: +972 3 918 0600

For your convenience, a replay of the call will be available starting two hours after the call ends until Thursday, May 18, 2006. To access the replay please dial: (US) 1 866 276 1002, (UK) 0 800 917 4256 or (International) +972 3 925 5942.

A replay of the call will also be available for ninety days on the company website.

Elron Electronic Industries Ltd. is a high technology holding company based in Israel. Through affiliates, Elron is engaged with a group of high technology operating companies in the fields of medical devices, information and communication technology, semiconductors and advanced materials. For further information, visit http://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 the risk factors discussed in periodic reports filed by the Company with the Securities and Exchange Commission, which the Company urges investors to consider.)