Begins New Business Manufacturing USB Microphones and Converter Box for Sony PlayStation 2

VANCOUVER, CANADA -- November 17, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced that it has received a new order from Sony Computer Entertainment to build the USB microphones and converter box for a PlayStation®2 singing game.

The game currently in development at Sony Computer Entertainment Europe’s London Studio, will challenge players armed with a USB microphone to sing along to a number of hit licensed music tracks, and it will then give them feedback based on the pitch, tone, and rhythms of their performance, encouraging players to improve their technique. Many of the popular licensed music tracks will be accompanied by footage from the original music videos. The game also allows players to choose their favorite genre of music from pop, urban, and classics.

“Besides manufacturing the EyeToy™ USB camera accessory for the PlayStation®2, we are very excited to be granted an opportunity to build USB microphones and the converter box accessory for such a sophisticated game,” said Mr. Tadao Murakami, Chairman of Nam Tai. “This is the second PlayStation®2 accessory that we will manufacture for Sony Computer Entertainment, proving the customer’s continued confidence and recognition in Nam Tai’s manufacturing technology and capability. With our continued diversification of our product mix and expansion of our services for OEM customers, we believe we are strengthening our competitive position within this fast moving electronic manufacturing industry.”

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.

About Sony Computer Entertainment Europe Ltd.

Sony Computer Entertainment Europe, based in London, is responsible for the distribution, marketing and sales of PS one and PlayStation 2 hardware and software in 102 territories across Europe, the Middle East, Africa and Oceania. By the end of September 2003, over 39 million PlayStation and PS one units had been shipped across these PAL territories and over 98 million worldwide. Between its European debut on 24 November 2000 and end September 2003, over 20 million PlayStation 2 units have been shipped across the PAL territories, over 62 million worldwide, making it one of the most successful computer entertainment products in history.

PlayStation and the PlayStation logo, PS one and PS2 are trademarks or registered trademarks of Sony Computer Entertainment Inc.

More information about PlayStation products can be found at http://www.scee.com and http://www.playstation.com.

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.