Elbit Systems — Declaration of Voting Results & Voting Rights Announcements 2005

Feb 28, 2005

Elbit Systems Shareholders Approve the Agreements Related to the Purchase of Tadiran Communications Shares from Koor

February 28, 2005, Elbit Systems Ltd. (the "Company") (Nasdaq NM: ESLT) announced that at its Extraordinary General Meeting of Shareholders held today at the Company's offices in Haifa, all of the proposed resolutions described in the Proxy Statement to Shareholders dated February 7, 2005, were approved by the required majority. The items included:

1.     The approval and ratification of the agreements entered into by the Company on December 27, 2004 regarding the purchase from Koor Industries Ltd. ("Koor") of Koor's ordinary shares in Tadiran Communications Ltd. ("Tadiran"); and 
   

2.     The election of Mr. Nathan Sharony, who currently serves as an External Director on the Company’s Board of Directors, to an additional three-year term  as an External Director. 
   

This approval by the Company's shareholders of the agreements relating to the purchase of the Tadiran shares is one of the conditions required for the completion of the transaction relating to the purchase of the Tadiran shares. The transaction had previously been approved by the Company’s Audit Committee and Board of Directors. The parties are in the process of obtaining the remaining required approvals to complete the transaction.

HAIFA P.O.B 539 ISRAEL 31053 TEL. 972-4-8315315 FAX. 972-4-8550002 KARMIEL P.O.B 650 ISRAEL 20101 TEL. 972-4-9901111 FAX. 972-4-9986522