ACTIVISION'S ROME: TOTAL WAR AND TONY HAWK'S UNDERGROUND HONORED WITH "BEST OF E3 2003" AWARDS

Santa Monica, CA - June 12, 2003 - Activision, Inc. (Nasdaq: ATVI) announced today that Rome: Total War(tm), the revolutionary new real-time strategy game from The Creative Assembly and Tony Hawk's Underground, the first game in a new breed of Tony Hawk skateboarding games, were awarded Best of E3 2003 honors for Best Strategy Game and Best Sports Game. Hosted at www.e3awards.com , the "Best of E3" awards recognize excellence at the Electronic Entertainment Expo, as judged by the Game Critics Awards committee, which is comprised of 35 leading industry journalists.

"It is an honor for Rome: Total War and Tony Hawk's Underground to be recognized by the industry's top journalists as the best games in their genres," said Larry Goldberg, executive vice president of Activision's worldwide studios. "This recognition is a testament to the talented development teams at The Creative Assembly and Neversoft."

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 $864 million for the fiscal year ended March 31, 2003.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia, Scandinavia 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, 2002, 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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