NeraTel announces Trademark Purchase Agreement and OEM Agreement

Nera Telecommunications Ltd ("the Company") today announces that the Company has

entered into a Trademark Purchase Agreement and an OEM Agreement.

Please see the attachment for further information.

About Eltek

Eltek is a strategic technology partner within power solutions and microwave

radio transmission, through its three business units Eltek Valere, Nera Networks

and Nera Telecommunications. The company reported revenue of NOK 5.8 billion in

2009, and had close to 3,300 employees in more than 50 countries at the end of

2009. Following the divestment of Nera Networks, Eltek will focus on its core

business in telecom power and power electronics solutions for industrial

applications and renewable markets such as solar power and electric vehicles.

Eltek is listed on Oslo Stock Exchange and headquartered in Drammen, Norway.

About Nera Tel

Nera Telecommunications offers radio transmission, satellite communications and

infocomm equipment and services to the Asian markets. Headquartered in

Singapore, NeraTel is 50.1 percent owned by Eltek ASA and separately listed on

the Singapore Stock Exchange. The company counts approximately 475 employees and

reported revenue of close to NOK 800 million in 2009.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1480927]

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