Elron's First Quarter Earnings Conference Call Scheduled

May, 19th, 2008 Tel Aviv, May 13, 2008 "(pressreleasepoint)" -- Elron Electronic Industries Ltd. (NASDAQ: ELRN & TASE: ELRN) today announced that it will be hosting a conference call on Monday,May 19th at 10:00 am EDT and 5:00 pm Israel time to discuss its first quarter 2008 results. The company plans to release its results prior to the conference call.

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 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: 1 888 668 9141

In the UK: 0 800 051 8913

In Israel: 03 918 0691

International Participants: +972 3 918 0691

at:

10:00 am Eastern Time, 7:00 am Pacific Time, 3:00 pm UK and 5:00 pm Israel Time

For your convenience, a replay of the call will be available through May 21, 2008. The

replay numbers are:

1 888 295 2634 (US), 0 800 917 1246 (UK) and +972 3 925 5941 (International).

A replay of the call will also be available from a link on the Company website. 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 longterm 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

Company Contact: Investor Relations Contact:

Rinat Remler Fiona Darmon/ Kenny Green

Elron Electronic Industries Ltd. GK Investor Relation

Tel. 972-3-6075555 Tel. +1 646 797 2868

rinat@elron.net info@gkir.com