THQ’s RED FACTION TO BE RE-LAUNCHED UNDER PLAYSTATION 2 “GREATEST HITS” COLLECTION  

Critically Acclaimed Action Game to be Available April 1 for $24.99;  Highly Anticipated Sequel Red Faction 2, Scheduled to Ship Winter 2002 

CALABASAS HILLS, Calif. – February 28, 2002 – THQ Inc. (NASDAQ NMS: THQI) today announced its critically acclaimed Red Faction™ for the PlayStation® 2 computer entertainment system will be re-launched this spring as part of Sony Computer Entertainment America’s “Greatest Hits” collection. Beginning April 1, Red Faction will be available for the manufacturers suggested retail price of $24.99 at retail outlets nationwide.  

Red Faction is one of the first third-party titles to be included in the PlayStation 2 “Greatest Hits” collection. Each game considered for the collection must have been available at retail for more than nine months and boast sales in excess of 400,000 units. Red Faction will also be re-released across Europe as one of only five third-party games in Sony’s PS2® ‘Platinum’ collection. 

THQ recently announced Red Faction 2, a sequel that expands and builds upon the experience and technology of the original game. Developed by THQ’s studio, Volition, Red Faction 2 is scheduled for release this winter and will be unveiled at the Electronic Entertainment Expo in May. 

“We are thrilled with the worldwide success of Red Faction, as it is an original, internally developed brand, and very excited to be part of Sony’s first ‘Greatest Hits’ line-up for PlayStation 2,” said Alison Locke, executive vice president, North American Publishing, THQ. “The reduced price point of $24.99 will allow more gamers to experience the innovation and excitement of Red Faction while building anticipation for the upcoming sequel this winter.”  

About Red Faction 2  

Red Faction 2 is the sequel to one of the biggest original franchise releases of 2001. Powered by enhancements to Volition’s revolutionary Geo-Mod™ engine that allows players to alter and destroy the game environment in real-time, Red Faction 2 introduces a host of new features and improvements constructed around a gripping storyline. Players will be tasked with completing multiple mission objectives with an arsenal of weapons and items at their disposal. Red Faction 2 will also allow players to commandeer different vehicles and fight alongside elite squad members each with their own attack specialties. Refined graphics, an auto-save function, enhanced enemy AI and dynamic environments will also be featured in Red Faction 2. New additions to the game’s multi-player action include four-player split screen, customizable computer opponents, and new game modes. 

About Volition

Located in Champaign, Illinois, Volition is one of THQ’s premier internal game development studios responsible for high-end creations on next generation systems and PC. Its credits include the best-selling Red Faction, Summoner™, the acclaimed Freespace and Freespace 2, as well as the award-winning Descent and Descent 2 as a part of Parallax Software.

About THQ

THQ Inc. develops and publishes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony, Nintendo and Microsoft. The THQ web site is located at www.thq.com.

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This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about THQ’s business based, in part, on assumptions made by its management.  These statements are not guarantees of THQ’s future performance and involve risks, uncertainties and assumptions that are difficult to predict.  Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for THQ’s products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses.  In addition, such statements could be affected by growth rates and market conditions relating to the interactive software industry and general domestic and international economic conditions.  Specific information concerning these and other such factors is contained in THQ’s Registration Statement on Form S-3 as filed with the Securities and Exchange Commission on January 22, 2002.  A copy of this filing may be obtained by contacting THQ or the SEC.  The forward-looking statements contained herein speak only as of the date on which they are made, and THQ does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

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