Elron Ventures Ltd.

Foreign Filer Report • Oct 21, 2009

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C003����� ����� ��������� ��"�2PublicELRON ELECTRONIC INDUSTRIES LTD.2688Corporation no: 520028036Stock Exchange/Market: �����90381Azrieli Center 3 The Triangle Building, 42nd flr , Tel Aviv 67023 , ,Tel: 03-6075555 , Fax: 03-6075556E.mail address: PAUL@ELRON.NETDate of transmission: 20/10/2009              Time of broadcast: 23:46 23:45:18

Reference: 2009-02-260949

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Other Report or AnnouncementRegulation 5 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000 The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on

A supplemental report received on October 19, 2009, from the independent appraiser, Kesselman Finance PricewaterhouseCoopers Ltd., which provided a valuation of NetVision Ltd. in connection with Elron's sale of its holding therein, and a clarification received on October 20, 2009, from the independent expert, Deloitte Economic Consulting Services (1986) Ltd., which provided a fairness opinion with respect to the transaction price, both of which were referred to in Elron's Press Release dated October 20, 2009.

Supplementalreports_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 18/10/2009
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Name of the Signatory: : Weinberg Paul , Position of Signatory in the reporting corporation: Corporate Secretary , Name of Employer Company: .
Menachem Begin Telephone: 03-6075555 , Facsimile: 03-6075556 , E-mail: paul@weinlegal.com 2