Eltek Valere signs a USD 10 million contract in Brazil

Eltek Valere has signed a USD 10 million contract with one of the largest mobile
operators in Brazil for delivery in 2010.

The contract covers deliveries of power systems to a large number of base
stations as well as central network installations, and also includes enclosures,
batteries and installation work.

"This is significant contract that confirms the strong position we have built in
the large and very competitive Brazilian market", says CEO Rune Finne in Eltek
Valere.

For more information please contact:

CEO Eltek ASA Rune Finne, +47 9010 5008
CMO Eltek Valere AS Morten Schøyen, +47 9151 7452


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1392852]