Directorate Change

Orad Hi-Tec Systems 27 February 2004 27 February 2004 ORAD Hi-Tech Systems Limited Directorate Change Kfar Saba, Israel, February 27, 2004 - ORAD Hi-Tec Systems (symbol: OHT), a world leader in virtual sets, on-air graphics, and sports production tools, announced today that company director and executive vice president, Dr. Michael Tamir, is leaving the Company. Dr. Tamir will stand down as executive vice president of the company on June 1, 2004, and is leaving the Board of Directors immediately. Dr. Tamir indicated to the Company's Board of Directors that he would continue to support the Company and assist in any transition. Dr. Tamir stated that he wished to pursue other professional and personal interests at a time when his personal impact on strategic Company decisions has diminished. Yehuda Bronicki, Chairman of Orad, said: 'We would like to thank Miky for his contribution to building the Company into the substantial business it is today and wish him well for the future.' About ORAD Founded in 1993, ORAD is a world leader in TV production technology and rapidly increasing its position in the Vissim industry. ORAD's line of products includes virtual sets, on-air graphics systems, virtual advertising, sports production solutions and hardware for the Vissim industry. ORAD has received extensive worldwide recognition for its systems at a wide-range of events including the 1999/2000 Emmy Award for the 'Implementation of Real Time Virtual Imaging for Live Events on Television'. ORAD is a publicly traded company on Frankfurt's Prime Standard and Alternative Investment Market of the London Stock Exchange (symbol: OHT). For further information contact: Orad Hi-Tec Systems Ltd Avi Sharir, CEO 972 9 7676 862 Israel Shore Capital Jonathan Nelson, London, UK 44 20 7408 4090 Haubrok Investor Relations Michael Kempkes, Frankfurt, Germany 49 211 30126102 This information is provided by RNS The company news service from the London Stock Exchange
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