Electrohome Announces New President of Fakespace Systems 

Kitchener, Ontario - February 4, 2004 -- Electrohome Limited ("Electrohome") announced today that Chris Clover, Chief Executive Officer of Mechdyne Corporation, operating as Fakespace Systems, will also assume the office of President, following the departure of Fakespace's current President, Ms. Carol Leaman who resigned effective March 12, 2004.

Chris Clover noted, "Carol was a real asset to the company and we will be sorry to see her leave. With her departure, I will assume the role of President and Chief Executive Officer of Fakespace and the company will commence the search for a new senior Financial Officer immediately, however, we anticipate a smooth transition."

Prior to the Fakespace / Mechdyne merger on March 1, 2003, Mr. Clover was President and Chief Executive Officer of Mechdyne Corporation.

Mr. John A. Pollock, Chairman, President and Chief Executive officer of Electrohome stated "We regret to see Ms. Leaman leave Fakespace, however, we fully appreciate her decision and her contributions to both Electrohome and Fakespace over the past nine years. We wish her all the best in the future."

Electrohome continues to hold its 30.6% interest in Fakespace Systems which is the largest international company exclusively in the advanced visualization marketplace, and a 5.7% interest in Immersion Studios Inc., which produces specialty digital interactive cinema. Going forward, Electrohome anticipates that its earnings will be derived principally from its share of results from Fakespace and from royalties for the use of Electrohome's trademarks. Electrohome also has other potential one-time income opportunities that may have a positive impact on future results.

Electrohome's shares are traded on the TSX under the symbols ELL.X and ELL.Y.

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For further information, contact John A. Pollock, Chairman and Chief Executive Officer or Gary Dumoulin, Vice-President and Secretary at (519) 749-3319.