E&E INT'L<0033> - Announcement

The Stock Exchange of Hong Kong Limited takes no responsibility for 
the contents of this announcement, makes no representation as to its 
accuracy or completeness and expressly disclaims any liability 
whatsoever for any loss howsoever arising from or in reliance upon 
the whole or any part of the contents of this announcement.

Elec & Eltek
Elec & Eltek International Holdings Limited
(Incorporated in Bermuda with limited liability)

ANNOUNCEMENT

Further to the announcements of the Company dated 13th December, 
1999 and 18th December, 1999, the Board wishes to provide 
shareholders of the Company with additional information on the 
progress of the negotiations in respect of the Disposal by its 
approximately 42% owned associate, EEIC. The Board wishes to inform 
the Company's shareholders that negotiations between EEIC and the 
Intended Purchaser are on-going and the execution of the definitive 
documentation in agreed form is not expected to be completed by 11th 
February, 2000 as previously scheduled.

Shareholders should exercise caution in dealing in the shares of the 
Company.

Further to the announcements of Elec & Eltek International Holdings 
Limited (the "Company") dated 13th December, 1999 and 18th December, 
1999, the board of directors (the "Board") of the Company wishes to 
provide shareholders of the Company with additional information on 
the progress of the negotiations in connection with the letter of 
intent (the "LOI") that the Company's 42% owned associate, Elec & 
Eltek International Company Limited ("EEIC") had entered into with 
an independent private equity investor (the "Intended Purchaser"). 
Pursuant to the LOI, EEIC proposed to dispose of its printed circuit 
board business for a proposed consideration of approximately US$516 
million (approximately HK$4 billion) (the "Disposal").

The previous announcements stated that the Disposal would be subject 
to, inter alia, the completion of a due diligence investigation, the 
execution of definitive documentation in agreed form that had yet to 
be negotiated then, and the fulfilment of certain conditions 
precedent, including but not limited to the approval of the 
shareholders of EEIC in a general meeting to be convened. It was 
also announced previously that the due diligence investigation was 
expected to be concluded, and the definitive documentation would be 
executed, by not later than 11th February, 2000. However, 
negotiations between EEIC and the Intended Purchaser as well as the 
due diligence investigation are still on-going. Accordingly, the 
execution of the definitive documentation in agreed form is not 
expected to be completed as scheduled and currently, no timetable 
for such execution has been fixed.

The Board is aware of the concern of the shareholders of the Company 
over the status of the Disposal and will endeavour to inform the 
Company's shareholders of material developments, through timely 
announcements, as soon as practicable.

In the meantime, shareholders of the Company are advised to exercise 
caution when dealing in the shares of the Company.

By Order of the Board of
Elec & Eltek International Holdings Limited
David So Cheung Sing
Chairman

Hong Kong, 11th February, 2000