Elron Ventures Ltd. — M&A Activity 2008

Oct 15, 2008

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C003����� ����� ��������� ��"�2PublicELRON ELECTRONIC INDUSTRIES LTD.7035Corporation 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: 14/10/2008              Time of broadcast: 23:04 22:57:24

Reference: 2008-02-284874

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

Amended report for distorted report sent on date : 12/10/2008 , Whose reference number was: 2008-02-283041
The distortion: number of convertible debentures held by an interested party of Starling
The distortion cause: an immediate report filed subsequent to the date of the commencement of the tender offer
The main amendment: number of convertible debentures held by an interested party of Starling

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	Amendment to Tender Offer document on partial cash tender offer by Elron for Starling Convertible Bentures

AmendmentNo1TOFinal141008_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: 25/09/2008
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Name of the Signatory: : Gershowitz Donna , Position of Signatory in the reporting corporation: General Counsel & Corporate Secretary , Name of Employer Company: .
P.O. Box Telephone: 054-9222040 , Facsimile: 03-6075556 , E-mail: donna@elron.net 2