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2015-03-24

Eltek ASA: Board approves financial statements for 2014

On 24 March 2015, the Board of Directors of Eltek ASA approved the financial
statements of Eltek ASA for the financial year 2014.

The Company reported its preliminary and unaudited results for fourth quarter
and full year 2014 on 13 February 2015. Compared to the preliminary figures,
"Other (losses)/gains - net" in the consolidated income statement has
increased by NOK 19.6 million due to estimated increased fees related to the
strategic option process leading to the proposed voluntary offer for Eltek.
Correspondingly, in the consolidated balance sheet "Total equity" has
decreased and "Trade creditors and other payables" has increased by NOK 19.6
million.

The Annual Report for Eltek ASA for the financial year 2014 will be published
and made available on the company's websitewww.eltek.comin April 2015.

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 3.8 billion in 2014, 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 data center market. Eltek is listed on Oslo Stock
Exchange (ELT:Oslo) and headquartered in Drammen, Norway.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eltek ASA via Globenewswire

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