Elron Ventures Ltd.

Foreign Filer Report • Dec 31, 2006

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C002����� ����� ��������� ��"�2PublicELRON ELECTRONIC INDUSTRIES LTD.4282Corporation no: 520028036Stock Exchange/Market: �����90380Azrieli Center 3 The Triangle Building, 42nd flr , Tel Aviv 67023 , ,Tel: 03-6075555 , Fax: 03-6075556E.mail address: PAUL@ELRON.NETDate of transmission: 31/12/2006              Time of broadcast: 14:39 14:38:25

Reference: 2006-02-177193

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

Immediate ReportRegulation 4 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 ELRON ANNOUNCES COMPLETION OF SALE OF ALL ITS PARTNER SHARES FOR APPROXIMATELY $40 MILLION
311206PRPartnerClosing_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: 27/12/2006
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Name of the Signatory: : Rosenzweig Mira , , Position of Signatory in the reporting corporation: Corporate Controller
Azrieli Center 3 Telephone: 03-6075555 , Facsimile: 03-6075556 , E-mail: mira@elron.net