MULTIVISION INTELLIGENT SURVEILLANCE LIMITED

PRESS RELEASE

MULTIVISION SIGNS DISTRIBUTION AGREEMENT WITH GREAT WALL
GREAT WALL TO MEET ANNUAL DISTRIBUTION QUOTA OF US$1 MILLION

MultiVision Intelligent Surveillance Limited ("MultiVision" or the "Company"), a Hong Kong-based technology company specialising in the design, development and distribution of digital video surveillance products and solutions, today announced that the Great Wall Industrial Co., Ltd ("Great Wall") has signed a distribution agreement to sell and support MultiVision's products and solutions in the People's Republic of China (PRC).

THE AGREEMENT

Under the distribution agreement, Great Wall will distribute and support MultiVision's full range of digital video surveillance products and solutions, including the NetServer series of digital video recorders and the Unet Client Workstation of remote management and monitoring software. Leveraging on its core client base, Great Wall will focus primarily on customers from the defense industry as well as others who require mobile solutions.

This agreement is an extension of the partnership MultiVision and Great Wall entered earlier this year to tap the transport sector in China. Both companies will jointly market and distribute MultiVision's digital video surveillance products and solutions to taxi companies in Beijing for installation in their vehicles after the successful completion of a proof-of-concept project.

Commenting on the distribution agreement, Mr. Xia Wen Dong, Vice Board Chairman of Great Wall said, "After looking up a host of companies offering digital video surveillance products, we chose to team up with MultiVision because of its breadth of products and solutions and its track record in infrastructural projects. To succeed in the markets we are targeting, we need an innovative partner that does not just provide off-the-shelf products, but a partner that can create innovative solutions."

He added that Great Wall's confidence in MultiVision has been reinforced by the successful partnership established in the taxi project.

"By extending our working relationship with MultiVision, Great Wall will be able to offer enterprise-class digital video surveillance products and solutions to its customers, and we expect demand to surge over the next few years in the run-up to the 2008 Olympic Games in Beijing and the World Expo Shanghai 2010," Mr. Xia said.

Great Wall is a conglomerate with businesses in real-estate, building and construction, advertising and promotions, telecommunications, as well as biological engineering. It has an extensive customer base comprising companies from both the private and public sectors.

Said Dennis Li, President and Chief Operations Officer of MultiVision: "This agreement enhances and builds on our existing partnership with Great Wall. We are extremely pleased to be able to attract and tie up with established companies such as Great Wall. Our earlier partnership with the company has identified Great Wall as a complementary distribution channel for MultiVision. Given its extensive sales network, industry experience and knowledge as well as established client base, we believe it will provide an excellent channel for our digital video surveillance products and solutions."

INTEREST OF SUBSTANTIAL SHAREHOLDERS AND DIRECTORS

None of the substantial shareholders or the Directors of the Company has an interest in the transaction.

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For media / institutional enquiries, please contact:

MultiVision Intelligent Surveillance Limited: +65 9763 0679

Tan Siang Peng : tan_siangpeng@multivision.com.hk
Marketing Manager (Singapore)

Gavin Anderson & Company : +65 6339 9110

Terence Foo : tfoo@gavinanderson.com.sg
General Manager & Director

Tan Ee Ching : etan@gavinanderson.com.sg
Executive

About MultiVision (Bloomberg: MVIS SP EQUITY / Reuters: MVIS SI)

Headquartered in Hong Kong, MultiVision was established in 1986 and is a technology-based company principally engaged in the design, development and distribution of digital video surveillance products and solutions. The company's products are adapted for use in a diverse range of industries including banking, residential, commercial, utilities, healthcare and transportation, as well as various government agencies. The end-users of MultiVision's products include companies in both the private and public sectors. MultiVision is ISO9001 certified.

MultiVision's products and solutions are marketed to distributors, OEM's of surveillance products and systems integrators for integration into the security and surveillance systems of its end-users. The company's principal markets are in Australia, Hong Kong, Taiwan and the PRC. In addition, as at 30 September 2002, MultiVision has 26 distributors in various countries and/or places such as Hong Kong, Taiwan, Macau, the PRC, Thailand, Malaysia, Singapore, Indonesia, Australia, New Zealand, Israel, Ghana, The Middle East, Ireland, UK, Latvia and the USA.

The MultiVision range of digital video surveillance products offers digital video recording and real time monitoring of multiple locations from a central monitoring centre through the routing of signals from various cameras to a central monitoring centre.

For further information see: www.multivision.com.hk

Submitted by Louis Mak Fuk Sang, Executive Director on 12 August 2003 to the SGX

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