Elron to Report First Quarter 2005 Financial Results on May 17, 2005.

TEL AVIV -- Elron Electronic Industries Ltd. (NASDAQ & TASE:ELRN) today announced that it will be releasing its first quarter 2005 financial results on Tuesday, May 17, 2005. Elron will also be hosting a conference call on Wednesday, May 18, 2005 at 11:00am EST. On the call, Mr. Doron Birger,

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: 1-866 860 9642
In the UK: 0-800 917 5108
In Israel: 03-918 0610
International Participants: +972 3 918 0610

For your convenience, a replay of the call will be available starting two hours after the call ends until May 20, 2005. To access the replay please dial 1-866-276-1002 (US), 972-3-925-5942 (Israel) and 0-800-917-4256 (UK).

Elron Electronic Industries Ltd. is a multinational 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, communication, IT software, 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.