News

FOR IMMEDIATE RELEASE

THQ AND MAJESCO SIGN INTERNATIONAL PUBLISHING AND DISTRIBUTION AGREEMENT

10 New Titles Bolster THQ International’s Game Boy® Advance Line-Up

Woking, Surrey UK, July 23, 2001 – THQ International Ltd, a division of THQ Inc. (NASDAQ NMS: THQI) and Majesco, Inc. today announced an agreement granting THQ International publishing and distribution rights for 10 titles from Majesco, Inc.’s Game Boy® Advance portfolio.

The 10 titles include Super Nintendo Entertainment System® classics, Earthworm Jim™ and Pitfall®: The Mayan Adventure®, as well as the critically acclaimed Iridion™ 3D. In addition, THQ also obtained the rights to publish Fortress™, Caesar’s Palace™, Dark Arena™, M & M’s® Fun Blast, Aerial Aces™, F-14 Tomcat™, as well as a new title to be announced. All of the games are scheduled for release through 2001.

Territories covered by the agreement are comprised of the European and Export markets governed by all four of THQ International’s territorial offices, including UK/Export, France, Germany and Asia-Pacific.

Tim Walsh, Senior Vice President of International Publishing, THQ, commented, “The addition of these great games from Majesco expands our Game Boy Advance portfolio to more than 25 titles for 2001. Handheld gaming is one of the most exciting areas of growth in the industry and we intend to extend our leading position on Game Boy Color to the hot, new Game Boy Advance.”

“Our strategic partnership with THQ underscores our continued growth and expansion as a publisher,” said Jesse Sutton, President of Majesco, Inc. “The universal appeal of these titles will certainly reinforce THQ’s already formidable line-up while providing us with critical exposure in the European and Asian marketplace.”

About Majesco
Founded in 1986 and based in Edison, NJ, Majesco, Inc. is a leading developer, publisher and distributor of interactive entertainment products for a variety of gaming platforms, including Nintendo, Microsoft, Sony Computer Entertainment and Sega hardware systems. Established as one of the premier publishers for Nintendo’s forthcoming Game BoyÒ Advance handheld system, Majesco is releasing 10 titles for the platform in 2001. Majesco’s internal development studio, Pipe Dream Interactive, recently released the best-selling title, Rainbow Six: Rogue Spear for the Sega Dreamcast™ and is currently developing Soldier of Fortune and Star Trek Voyager: Elite Force for the PlayStationÒ2 computer entertainment system. Majesco, Inc and Pipe Dream Interactive can be found on the World Wide Web at http://www.majescosales.com/.

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

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 the Company's business based, in part, on assumptions made by management. These statements are not guarantees of 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 the Company'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 the Company's most recent report on Form 8-K, filed with the Securities Exchange Commission on November 13, 2000. A copy of this filing may be obtained by contacting the Company or the SEC. The forward-looking statements contained herein speak only as of the date on which they are made, and the Company 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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For More Product Information
F-14 Tomcat (GBA)
Pitfall: The Mayan Adventure (GBA)
Earthworm Jim (GBA)
Dark Arena (GBA)
Fortress (GBA)
Iridion 3D (GBA)
Caesars Palace (GBA)