Investigation Against Electro Rent Launched by Faruqi & Faruqi

Faruqi & Faruqi, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Electro Rent ELRC for potential breaches of fiduciary duties in connection with their conduct of seeking shareholders' approval of the compensation for the Company's named executive officers. The terms of the compensation to be awarded to the Company's executive officers are outlined in the Proxy Statement on Form Schedule 14A that the Company filed with the Securities and Exchange Commission on August 31, 2012.