Begins Trading on Frankfurt Exchange

VANCOUVER, CANADA -- December 1, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced that its common shares have been included in the Regulated Unofficial Market (Freiverkehr) on the Frankfurt Stock Exchange, in Germany. The shares are being traded on Xetra, the Deutsche Borse AG electronic trading system under the German stock symbol “884852”.

“We are very pleased to be granted permission for the trading on the Frankfurt Stock Exchange,” said Mr. Tadao Murakami, Chairman of Nam Tai. “The new listing on the Frankfurt Stock Exchange, Germany’s largest stock exchange, is a notable achievement for Nam Tai, which will increase our exposure to institutional investors in Europe. In addition, it will enhance our corporate visibility in Germany and expand our presence to a broader financial community throughout Europe.”

About Nam Tai

We are an electronics manufacturing and design services provider to original equipment manufacturers of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, radio frequency modules, flexible printed circuit subassemblies and image sensors. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys, handheld video game devices and microwave ovens. We also manufacture finished products, including cellular phones, palm-sized PCs, personal digital assistants, electronic dictionaries, calculators and digital camera accessories for use with cellular phones.

Safe Harbor

Certain statements in this press release are “forward-looking statements” within the meaning of U.S. federal securities laws. Nam Tai intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these factors are beyond Nam Tai's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which only speak as of the date of this press release. Nam Tai does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.