Nera Telecommunications LTD, Singapore, 50.1% owned by Eltek ASA, today publish their financial result for 2009.

NeraTel achieved revenue in 2009 of SGD 171,7 million, compared to SGD 160,3 million in 2008. EBIT was SGD 12,4 million compared to SGD 11,8 million in 2008. Net profit was 10,7 million compared to SGD 10,2 million in 2008.

Please note that due to different accounting principles Eltek will report different figures for NeraTel in its Group results, the main difference being amortization of intangible assets identified as part of the Purchase Price Allocation (PPA), and different treatment of currency effects.

For further information, please contact:

CFO Eltek ASA, Pål Skistad, tel: +47 32 20 32 34.