ITEM 2.05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.

On July 31, 2008, Bel Fuse Inc. (the "Company") issued a press release regarding its decision to cease manufacturing operations at its Bel Power Inc. facility in Westborough, Massachusetts by January 2009. The Company is able to estimate certain of the costs associated with the closure of this facility to be up to $2.4 million. The Company estimates that of these costs, up to $0.7 million relates to one-time termination benefits, of which $0.3 million was incurred in the quarter ended September 30, 2008 and $0.4 million is expected to result in future cash expenditures. The remaining estimated cost of up to $1.7 million relates to anticipated non-cash asset impairment charges. The Company is currently in negotiation with the landlord regarding the lease termination. At this time, the Company is still unable in good faith to make a determination of an estimate or range of estimate with respect to the charges related to the lease termination. As permitted by Item 2.05 of Form 8-K, the Company will file an amendment to this Report under Item 2.05 within four business days after the Company's determination of such estimate or range of estimates. Once determined, the Company expects to record the majority of this cost during fiscal 2009 once manufacturing at this facility has ceased and the lease is terminated.

This Amendment No. 1 to Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the word "estimates" and similar expressions that do not relate to historical matters. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause our actual results to differ materially from those in the forward-looking statements include the Company's and its service providers' ability to estimate fees, in addition to factors described under the heading "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and subsequent Quarterly Reports on Form 10-Q or described in our other public filings. Our results may also be affected by factors of which we are not currently aware. We may not update these forward-looking statements, even though our situation may change in the future, unless we have obligations under the federal securities laws to update and disclose material developments related to previously disclosed information.

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