Begins New Business Manufacturing USB Cameras for Sony PlayStation 2

VANCOUVER, CANADA -- June 2, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced the Company was elected as one of the contract manufacturers by Sony Computer Entertainment to build the EyeToy™ USB Camera for the PlayStation®2. The Camera makes use of OmniVision (Nasdaq:OVTI) chipset, and employs motion-tracking technology to capture a player’s body movement and transforms the image into on-screen interaction as a control method, the first gaming interface on a computer entertainment system.

“We are very pleased that Nam Tai has been selected to manufacture USB cameras for such sophisticated gaming technology,” said Mr. Tadao Murakami, Nam Tai’s Chairman. “In addition to the manufacturing of digital cameras for cellular phones, Nam Tai is delighted to be granted an opportunity to further broaden its product line of digital camera accessories for computer entertainment system. This also demonstrates that Nam Tai’s manufacturing technology and capability have been well recognized in the 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, 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. Further information is available at www.namtai.com.