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Activision Ships Tony Hawk's Underground 2 Remix and Spider-Man 2(TM) the Game for the PlayStation(R) Portable Entertainment Platform

SANTA MONICA, Calif., March 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Handheld gamers are getting a double dose of action with the release of Activision, Inc.'s (Nasdaq: ATVI) Spider-Man 2 the game and Tony Hawk's Underground 2 Remix for the PlayStation Portable Entertainment Platform (PSP). Developed internally by Activision's Vicarious Visions and Shaba Games respectively, both games are among the first PSP titles to hit North American retail shelves and are currently available nationwide. The PSP will be released on March 24.

"We are excited to have two of our biggest brands available as launch titles for the PSP," said Kathy Vrabeck, president of Activision Publishing. "Designed to leverage the processing power of the new platform, Spider-Man 2 and Tony Hawk's Underground 2 Remix deliver deeper gameplay experiences and graphical advancements that take handheld gaming to the next level."

In Spider-Man 2 the game players must master new combo moves as they protect the city of Manhattan from the nefarious Doc Ock and other classic Marvel villains by swinging, jumping and wall-crawling through 19 new levels that extend beyond the film. Featuring an unprecedented depth of gameplay, players experience original storylines and battle through graphically rich 3D environments. The game, which is based on the blockbuster feature film from Columbia Pictures and Marvel Studios, leverages the PSP's processing power to deliver the most realistic Spider-Man experience on a handheld platform.

Tony Hawk's Underground 2 Remix takes players on an all new skating blitzkrieg where they embark on the ultimate road trip from Tony Hawk's Underground 2 in addition to wreaking havoc in four never-before-seen city-levels -- Las Vegas, Atlanta, Kyoto and Santa Cruz -- that feature original goals, level changing events and unlockable characters. For the first time, players can live the Tony Hawk console gaming experience on a handheld device as they join either Tony Hawk or Bam Margera on a World Destruction Tour where they nail insane tricks with lightning speed or slow motion focus control, pull off mischievous pranks, and conquer sick terrain through 13 single-player levels, or face off against up to three friends in 10 wireless multiplayer games.

Tony Hawk's Underground 2 Remix, was developed by Shaba Games and is rated "T" (Teen -- with blood, crude humor, language, suggestive themes, use of alcohol and violence). Spider-Man 2 the game was developed by Vicarious Visions and is rated "T" (Teen -- with violence). The suggested retail price of both titles is $49.99.

About Spider-Man Merchandising, LP

Spider-Man Merchandising L.P. is a limited partnership between Sony Pictures Consumer Products Inc. and Marvel Enterprises Inc. The partnership oversees the expansive licensing and merchandising campaign surrounding Columbia Picture's and Marvel's "Spider-Man" feature film franchise. Spider-Man Merchandising L.P. explores a full range of merchandising categories for one of the world's most recognized feature film properties.

About Activision, Inc.

Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $948 million for the fiscal year ended March 31, 2004.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Scandinavia, Spain and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.

The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The Company cautions readers of this press release that a number of important factors could cause Activision's actual future results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation, product delays, retail acceptance of our products, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key personnel, vendors and third-party developers, international economic and political conditions, integration of recently acquired subsidiaries and identification of suitable future acquisition opportunities. These important factors and other factors that potentially could affect the Company's financial results are described in our filings with the Securities and Exchange Commission, including the Company's most recent Annual report on Form 10-K and Quarterly Report on Form 10-Q. Readers of this press release are referred to such filings. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Spider-Man and all related characters: TM & (C) 2005 Marvel Characters, Inc.

Spider-Man 2, the movie: (C) 2005 Columbia Pictures Industries, Inc. All Rights Reserved.

SOURCE Activision, Inc.

Aaron Grant, Publicist, Corporate Communications of Activision, Inc., +1-310-255
2535, agrant@activision.com
http://www.prnewswire.com

Copyright (C) 2005 PR Newswire. All rights reserved.

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