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Bel Fuse to Acquire Pulse Shares

JERSEY CITY, N.J. — Bel Fuse, Inc. (NASDAQ: BELFA) (NASDAQ: BELFB) today announced that it has made a proposal to acquire all of the outstanding shares of Pulse Electronics Corporation (NYSE: PULS) common stock for per share consideration of $6.00. Bel's proposal would allow Pulse Electronics shareholders the ability to choose whether to receive the consideration in cash or Bel Class B common stock.

“The strategic and operational rationale for this transaction is even more compelling today than it was in 2007 when Pulse Electronics proposed a merger with Bel,” said Daniel Bernstein, Bel's President and CEO. “We believe the offer of cash or Bel common stock provides immediate liquidity to Pulse Electronics' shareholders who prefer to accept an all-cash offer and presents others with a very attractive investment opportunity to be shareholders in a combined company with a robust and flexible capital structure available for future expansion.”

The combination will create a more competitive global business through lower operating costs, a wider product portfolio, and a stronger platform of engineering capabilities. Furthermore, Bel believes bringing these two companies together would also greatly benefit customers, associates and other important stakeholders of both companies by being part of a larger and stronger global business with greater prospects than either business could achieve on a standalone basis.

Avi Eden, a member of Bel's Board of Directors, said, “Despite our best efforts Pulse Electronics' Board has expressed an unwillingness to engage in meaningful negotiations and has continued to defer discussions to some future time. We believe good corporate governance and their fiduciary responsibilities require the Pulse Electronics Board to seriously consider our value enhancing proposal, which provides immediate and full value to Pulse Electronics' shareholders.”

Bel also announced today that it has nominated a slate of four highly qualified independent director nominees for election to Pulse Electronics' Board at its upcoming annual meeting of shareholders, which is expected to be held in May. If elected, these Directors will constitute a majority of Pulse Electronics' Board.

Bel is being advised by Hedge Fund Solutions, LLC and Olshan Grundman Frome Rosenzweig & Wolosky LLP.

{complink 9266|Bel Fuse Inc.}

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