Bel Acquires Passive Components Business From Insilco Technologies, Inc.

SAN DIEGO — March 31, 2003: Westchester Associates LLC (www.westchesterusa.com) today announced that it has acted as the M&A Advisor to Bel Fuse, Inc. (www.belfuse.com) throughout the process culminating in Bel's acquisition of the assets of the passive components business from Insilco Technologies, Inc., for approximately $35 million in cash and the assumption of certain liabilities.

Dan Bernstein, Bel's President and CEO stated, "we value the service Westchester has provided to us in the completion of a successful acquisition agreement, and we look forward to using Westchester to advise us in future transactions".

About Bel

Bel (www.BelFuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high-speed data transmission, automotive and consumer electronics. Products include magnetics and connectors for voice and data transmission, fuses, DC/DC converters, delay lines and hybrid circuits. The Company operates facilities around the world.

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