GEARBOX SOFTWARE IN DEVELOPMENT WITH PC VERSION OF Tony hawk’s pro skater™ 3 For Activision®

Santa Monica, CA – February 1, 2002 – Continuing to build on its successful action sports brand, Activision, Inc. (Nasdaq: ATVI) confirmed today that acclaimed developer Gearbox Software is currently in the final stages of production on the PC version of Tony Hawk’s Pro Skater™ 3.  The game will include several new platform specific features such as exclusive online modes, downloadable user-created maps and fully customizable mouse, game controller and keyboard configurations.  Tony Hawk’s Pro Skater 3 for the PC will kickflip onto retail shelves this winter with a suggested retail price of $39.99 and has been rated “T” (Teen – with blood, mild lyrics and suggestive themes) by the ESRB. 

“Tony Hawk’s Pro Skater 3 for the PlayStation 2 and Nintendo GameCube dominated the holiday sales charts and set a new benchmark for action sports gaming,” said Larry Goldberg, executive vice president, Activision Worldwide Studios.  “For the PC version, Gearbox will push the game to new heights with enhanced multiplayer modes, support for user-created mods, and high-resolution textures for the ultimate virtual skateboarding experience.”

"Tony Hawk’s Pro Skater 3 represents the pinnacle of action sports games on console systems," said Randy Pitchford, president, Gearbox Software.  "Gearbox is very excited to bring our talent and experience on the PC with team-based online games and end user modification features to the Tony Hawk’s Pro Skater franchise."

Tony Hawk’s Pro Skater 3 is the revolutionary sequel to the best-selling sports game of 2000.  Featuring eight massive levels filled with people, traffic, and other interactive elements, the game’s environments are brought to life with richer graphics and advanced special effects.  Smoother life-like animations and significantly improved tricks capture the style of the world's best skateboarding pros.  Further improving on the franchise’s intuitive control scheme, the game allows players to perform tricks and combos in some of the world’s most popular skate locations including Los Angeles, Canada and Tokyo. 

About Gearbox Software

Founded in January 1999, Gearbox Software is a studio comprised of veteran 3D game developers collected in Dallas, Texas. The company’s first offering, Half-Life: Opposing Force™ became the winner of the PC Action Game of the Year award in 2000 from the prestigious Academy of Interactive Arts & Sciences'.  In 2001, Gearbox’s Half-Life: Blue Shift became a #1 selling title in North America and in the United Kingdom.  Gearbox Software has created award winning, top-selling software for the PC, Sega Dreamcast and Sony PlayStation®2.  More information about Gearbox Software can be found at www.gearboxsoftware.com.

 About Activision

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 revenues of $620 million for the fiscal year ended March 31, 2001. 

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia, 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 contained in this release that are not historical facts are “forward-looking statements.”  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.  These important factors, and other factors that could affect Activision, are described in Activision’s Annual Report on Form 10-K for the fiscal year ended March 31, 2001, which was filed with the United States Securities and Exchange Commission.  Readers of this press release are referred to such filings. 

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