BLACK ISLE STUDIOS ANNOUNCES ICEWIND DALE II COLLECTOR'S EDITION

Definitive Collector's Edition Is Available Exclusively At Interplay's Online Store

Irvine, California, April 16, 2002 - Black Isle Studios, the RPG (role-playing game) division of Interplay Entertainment Corp. (NASDAQ:IPLY), announced today their plan to create a collector's edition of Icewind Dale(tm) II featuring collectible items, exclusive gameplay enhancements and much more. Limited quantities of the Icewind Dale II Collector's Edition will be available for a limited time exclusively at www.Interplay-Store.com.

Scheduled for a simultaneous release with Icewind Dale II, the Icewind Dale II Collector's Edition features all of the amazing gameplay elements of Icewind Dale II plus completely new limited collectibles for Icewind Dale fans. Among the collectible items is a special Collector's Edition bonus disc containing additional gameplay enhancements and tracks from the game's captivating music soundtrack. 

One of the most visually stunning elements of the Icewind Dale II Collector's Edition is a full-color cloth map of the legendary region of Icewind Dale. Also, a set of four collectible character trading cards will be included describing in great detail the characters and creatures found in the game. The Collector's Edition also features a high quality spiral-bound manual, a set of dice, Black Isle Studios stickers and writing tablet to enjoy while questing. Enclosing the extraordinary Collector's Edition is a splendid hinge book style box. More comprehensive information can be found on the official Icewind Dale II web site, located at http://icewind2.blackisle.com.

Icewind Dale II is being created internally at Black Isle Studios and offers more of the classic dungeon crawl experience, using the Dungeons & Dragons^(r) license from Wizards of the Coast.  Based in part on the series of books by New York Times best-selling author R.A. Salvatore, Icewind Dale II will amaze players with new monsters, spells, and areas to explore within the popular FORGOTTEN REALMS^(r) campaign setting. Icewind Dale II expands upon gameplay elements found in Icewind Dale, offering players the ability to hone their combat skills and obtain even more powerful possessions, spells, and experience levels. The game also hosts a large variety of new weapons, armor and magical items as well as all of the spells from the original Icewind Dale and its expansion Icewind Dale(tm): Heart of Winter(tm). Icewind Dale II makes use of a heavily modified version of the award-winning BioWare(tm) Infinity Engine, originally developed for the Baldur's Gate(tm) series.

Black Isle Studios, the creators of the Fallout(tm) series, Planescape(r): Torment(tm) and the Icewind Dale saga, is proud to bring Icewind Dale II and the Icewind Dale II Collector's Edition to Windows^(r) 95/98/ME/2000/XP-based computers in May, 2002. 

Wizards of the Coast, a subsidiary of Hasbro (NYSE:HAS) and the worldwide market share leader in the trading card game and tabletop role playing game categories, is a leading developer and publisher of game-based entertainment products as well as the owner and operator of one of the nation's largest specialty game retail chains. Producing both the Pokemon(tm) and world's best-selling Magic: The Gathering(r) trading card games, the company holds an exclusive patent on the play mechanic of trading card games. Publisher of adventure games such as the classic Dungeons & Dragons games, family card and board games and electronic media products, Wizards of the Coast is also one of the world's leading fantasy and science fiction book publishers. Headquartered near Seattle, Washington, Wizards of the Coast has international offices in Antwerp, Paris, Milan, London, Beijing and Sydney. For more information on Wizards of the Coast, visit the company's web site and electronic retail store at http://www.wizards.com.

Interplay Entertainment Corp. is a leading developer, publisher and distributor of interactive entertainment software for both core gamers and the mass market. Interplay currently balances its development efforts by publishing for personal computers as well as current and next generation video game consoles. Interplay releases products through Interplay, Shiny Entertainment, Digital Mayhem, Black Isle Studios, its distribution partners and its wholly owned subsidiary Interplay OEM, Inc. More comprehensive information on Interplay and its products is available through its worldwide web site at http://www.interplay.com. 

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Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. For example, Interplay's ability to continue as a going concern is dependent on securing external sources of funding to continue operations. In addition, there can be no assurance that the Company will be successful in completing any strategic alliances, licensing transactions, and financings, or that the Company's current scheduled titles will ship in the projected time frame or that they will be as popular as the Company presently anticipates, that the Company will be able to achieve its projected continued revenues from its existing titles, or that the Company will be able to increase the number of console titles it releases. Additional important factors that may cause a difference between projected and actual results for Interplay include, but are not limited to, future capital requirements, that equity or bank financing will be available on terms satisfactory to the company or at all, risks of loss of the Company's listing on the Nasdaq National Market, risk of delays in development and introduction of new products, dependence on new product introduction which achieve significant market acceptance and the uncertainties of consumer preferences, risks of product returns and markdown allowances, dependence on third party software developers for a significant portion of new products, risks of rapid technological change and platform change, intense competition, seasonality, risks of product defects and resulting returns, dependence upon licenses from third parties, risks associated with, dependence upon third party distribution, dependence upon key personnel and risks associated with international business, intellectual property disputes and other factors discussed in the Company's filings from time to time with the Securities and Exchange Commission, including but not limited to the Company's annual reports on Form 10-K and the Company's subsequent quarterly filings on Form 10-Q. Interplay disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.

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ICEWIND DALE II (c) 2002 Interplay Entertainment Corp. All Rights Reserved. Icewind Dale, Icewind Dale II, Baldur's Gate, FORGOTTEN REALMS, DUNGEONS & DRAGONS and Wizards of the Coast are trademarks of Wizards of the Coast, Inc., a subsidiary of Hasbro, Inc., and are used by Interplay under license. Black Isle Studios is a trademark of Interplay Entertainment Corp. All other trademarks and copyrights are property of their respective owners.