ELT Elster Grp. SE American Depositary Shares, Each Representing One-Fourth of AN Ordinary Share

On 25 March 2014, the Board of Directors of Eltek ASA approved the financial statements of Eltek ASA for the financial year 2013. No changes have been made to the previously presented preliminary results for 2013.

Eltek ASA had retained earnings of NOK 988 million at 31 December 2013 (1,098). The Board of Directors proposes a dividend of NOK 165 million, or NOK 0.50 per share for 2013 to be resolved at the Annual General Meeting of Eltek ASA scheduled for 6 May 2014. NOK 104 million of the proposed dividends will be allocated from retained earnings.

If the proposal to distribute dividend is approved, the shares will be traded ex dividend from the business day following the date of the Annual General Meeting, expected to be 7 May 2014.

For 2012, the company paid an ordinary dividend of NOK 165 million in May 2013 in addition to an extraordinary dividend of NOK 165 million approved in December 2012 and distributed in January 2013.

The Annual Report for Eltek ASA for the financial year 2013 will be published and made available on the company's website www.eltek.com in April 2014.

For further information, please contact:
Eltek ASA, CFO Björn Wigström, tel: +47 905 31 304

About Eltek ASA:

Eltek is a strategic technology partner for power solutions. The company reported revenue of NOK 3.7 billion in 2013, and has approximately 2,400 employees and operations in almost 40 countries. The company focuses on power electronics markets, where it is one of the leaders in telecom power and a growing force within industrial applications. Eltek is also pursuing growth opportunities within the datacenter market. Eltek is listed on Oslo Stock (ELT:Oslo) Exchange and headquartered in Drammen, Norway.

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