Contract Win & Loan Facility

UniVision Engineering Ltd
08 January 2008



                            UniVision Engineering Ltd
                          ('UniVision' or 'the Group)
                                        
                  £4.2 million contract for major shopping mall

                    Loan facility agreed to finance project


UniVision, the AIM listed Hong Kong based designer and installer of digital
surveillance and integrated security systems, is pleased to announce that it
entered a contract on 20 December 2007 with Zhong Shan Shi Fu Li Hua Property
Development Company Limited, a property developer in Mainland China. The
contract, worth RMB 65 million (£4.2 million) is for the Zhongshan Ming Xuan
Square shopping mall in Zhongshan City, a well-developed city in the southern
part of Guangdong Province in the People's Republic of China ('PRC').

The Project will be undertaken by Leader Smart Engineering (Shanghai) Limited
('Leader Smart'), a wholly-owned subsidiary of Univision in the PRC, which is
the main contractor responsible for Interior Design and Installation for the
shopping mall project, including the design, supply and commissioning of a
digital solutions CCTV system and Electrical & Mechanical works. The Project is
estimated to be completed in mid 2008.

The Project income is secured by the land use right and the developing property
which are pledged to Leader Smart.

In order to finance the project a loan facility of US $5 million (£2.5 million)
was agreed on 31 December 2007 with Mayne Management Limited, the holding
company of UniVision Holdings Limited which has a 47.9% interest in UniVision
Engineering Ltd. The loan facility will be used exclusively to finance the
Zhongshan Project.

The total interest payable will be USD1million (£0.5million). The term of the
loan is nine months with a maturity date of 30 September 2008.

The Terms of default include possession of a maximum 40% interest in the Project
or exchange for a convertible bond with a conversion price at 4 pence per
ordinary share.

Having consulted with its nominated adviser, the Directors, other than Mr S Koo,
who is involved in the transaction as a related party, consider, that the terms
of the transaction are fair and reasonable insofar as its shareholders are
concerned.

                                     -ends-

For further information visit www.uvel.com or contact

Univision Engineering Limited                                    [phone]
Stephen Koo, Chairman
Chun Hung Wong, CEO

HB Corporate                                               [phone]
Jim McGeever/Rory Creedon

Threadneedle Communications
Graham Herring/Josh Royston                                [phone]



Notes to Editors:

About UniVision Engineering
UniVision was incorporated in Hong Kong in 1979 and is now established in Hong
Kong, Macau and China. The Group designs, sources and sells its own brand-name
products and OEM products including, Microprocessor CCTV Control Systems, Video
Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access
Systems.

UniVision currently offers hybrid security systems and has a portfolio of
cutting edge digital technology used by its blue chip client base and the Hong
Kong Government. UniVision is included in the Hong Kong Government's list of
'Approved Suppliers and Installation of Video Electronics Equipment'.

To date the Group has completed high profile projects for clients including Hong
Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway,
Shanghai Plaza 66 and Sydney CityRail Network selling its products through its
distribution channels in China, Taiwan and other Asian countries.

The Group listed on AIM, part of the London Stock Exchange, in December 2005.




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