Eltek ASA: MANDATORY NOTIFICATION OF TRADE

Björn Wigström, the new CFO in Eltek ASA, has today subscribed for a total of 86,655 A-shares in Eltek Management Invest AS, a subsidiary of Eltek ASA, as part of the co-investment program for the Eltek group. The price paid per A-share was NOK 5.77, giving a total subscription amount of NOK 500,000. Eltek ASA's shareholding in Eltek Management Invest AS is one controlling B-share.

Eltek Management Invest AS was established for the purpose of investing in Eltek Valere Holding AS, a direct subsidiary of Eltek ASA. The subscription amount of NOK 500,000 together with a loan amount of NOK 2,000,000, in aggregate NOK 2,500,000, will be used by Eltek Management Invest AS to acquire 119,843 shares in Eltek Valere Holding AS. Following the transaction, Eltek Management Invest AS will own 3.39% of the share capital in the company. Eltek ASA owns the remaining 96.61% of the share capital of Eltek Valere Holding AS.

For further information, please contact:

Colin Howe, CEO of Eltek ASA, telephone [phone]

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

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Source: Eltek ASA via Thomson Reuters ONE

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