Stratech Systems Limited strengthens top management team with three new appointments

SINGAPORE, February 20, 2002 - Mainboard-listed, advanced IT systems and technology developer, Stratech Systems Limited ("Stratech"), is pleased to announce three new appointments to its top management team today. Mr. Tan Chee Peng, Mr. LimHock Thye and Mr. Timothy Allen Stewart have been appointed to the newly created positions of Deputy President, Executive Vice President of Operations and Executive Vice President of Business respectively.

Stratech's new Deputy President, Mr. Tan Chee Peng, has more than 16 years of consulting experience in the financial services industry. He was ex-Managing Partner with Andersen Worldwide, managing the consulting practice in Mauritius, Madagascar, Kenya, Malawi, Tanzania and Uganda. He has helped numerous multinational corporations in IT and e-commerce strategy formulation, implementation, business process re-engineering, change management and performance management. In his new role, Mr. Tan will ensure that the short- and medium-term goals of the company are on track to meet long-term strategic initiatives, as well as oversee the day-to-day business operations of the company. Mr. Tan, also previously Vice President, Technology of Citibank N.A., Singapore, holds a first class degree in Computing Science from Imperial College, London.

As Executive Vice President of Operations, an immediate priority for Mr. Lim Hock Thye is to deliver the project, an intelligent system that will provide nation-wide real-time bus travel information to commuters, bus operators and the Land Transport Authority. Mr. Lim has more than 19 years of IT consulting experience, of which 17 years was with Andersen Consulting (now known as Accenture). His key responsibilities involved large strategic technology and IT implementation projects as well as practice building, manpower and market development. As an Associate Partner with Andersen Consulting, he assumed numerous senior management roles leading their Financial Services Industry practice in Singapore, Malaysia and Thailand. He joins Stratech from System Access, a global e-Business solutions provider for the financial services sector, where he held the position of Senior Vice President of Client Services responsible for worldwide system implementation of banking software solutions. Mr. Lim holds a Master of Arts degree from University of Lancaster and a Bachelor of Science (Honours) from Imperial College of Science and Technology, London.

Mr. Timothy Allen Stewart, who was Stratech's Technical Director between 1997 and 1998, rejoins in his new capacity as Executive Vice President of Business to spearhead overall sales and marketing for the company. The former Managing Director for Telerate R&D, once responsible for the design and development of financial information products that generated annual recurring revenue in excess of US$120 million globally, is well-positioned to secure high value businesses for Stratech that will yield greater value for shareholders. Mr. Stewart joins from NASDAQ-listed Entrust Technologies where he was Asia/Pacific Regional Director. He was also noted for being a founding member of Telerate, one of the world's leading financial information networks, where he led in various international product development, marketing and R&D positions over a period of 12 years.

Commenting on the appointments, Dr. David Chew, Chairman and Group President of Stratech said, "We are extremely pleased to welcome Chee Peng and Hock Thye on board. Tim was an 'Old Guard' of Stratech and we are happy to welcome him back. They have considerable history working with world-class high tech companies, and they are bringing with them extensive insights and professional experience to Stratech. We are confident these appointments will greatly enhance our efforts to expand Stratech's market presence, both regionally and internationally, as we gear up to bring the company to a new level of profitability and excellence in the next few years."

About Stratech Systems Limited

Listed on the mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2000, Stratech Systems Limited has quickly established itself as an emerging world-class developer of advanced technologies and systems and as an Internet / e-Business infrastructure enabler.

In the area of advanced technologies, Stratech's core competencies are in the fields of 3D computer vision and intelligent transport systems. In the area of e-Business, Stratech's core competencies are in the fields of application service providing, healthcare benefits/schemes management and processing, online dynamic pricing, secure e-commerce payment, procurement and fulfillment systems, Internet data centres and e-Learning.

Stratech is ISO 9001-certified and honoured to be amongst the 1999 Enterprise 50 award winners - the 50 most enterprising privately-held corporations in Singapore.

For more information, please contact:

Gary Tan
Corporate Communications Division
Tel: +65 6799 6650
Fax: +65 6323 2177