ACCLAIM ENTERTAINMENT, INC. SHIPS 'XG3 EXTREME-G RACING' FOR NINTENDO GAMECUBE(TM)

Futuristic Motorcycle Racing Game Combines High-Speeds and Combat, Delivering Next-Generation Arcade Action at 60-Frames-Per-Second

GLEN COVE, NY, November 27, 2001 - Futuristic arcade racing will have gamers on the edge of their seats this holiday season, as Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM) today announced that it has shipped XG3 Extreme-G Racing for the Nintendo GameCube(TM). One of the Company's critically acclaimed titles in 2001 for the PlayStation®2 computer entertainment system, XG3 Extreme-G Racing combines high-speed futuristic motorcycle racing and combat, to deliver incredible next-generation arcade action at 60-frames-per-second.

"XG3 is considered to be one of the best next-generation racing games of the year and it's an awesome installment in the Extreme-G franchise, which has which has sold more than 1.3 million units worldwide," said Tom Bass, Senior Brand Manager. "We're thrilled to offer the title within our initial Nintendo GameCube(TM) portfolio, and are confident that it will captivate gamers with its incredibly fast and intuitive gameplay."

Developed by Acclaim's Cheltenham Studio, XG3 Extreme-G Racing takes players on a gravity-defying race throughout breathtaking, fully animated environments. After climbing onto one of the game's 12 supercharged and fully armed bikes, players are ready to begin the ultimate racing challenge.

XG3 Extreme-G Racing offers an array of exciting features, including:

• Highly-addictive gameplay, that blends high-speed racing and high-stakes combat for an intense arcade experience, appealing to both the casual and hardcore gamer;

• Nintendo GameCube(TM) exclusive Arcade Mode that includes 4-player split screen, as well as 1-, 2- and 3-player races in pick-up-and-play style, such as Team Grand Prix, Head-to Head and Co-Operative mode, as well as a playable field of up to 12 bikes;

• All-new, advanced game engine, built from the ground up for the next-generation gaming platforms;

• Constant 60-frames-per-second of heart-pounding action;

• 10 incredible racing circuits with gut-wrenching loops, twists, spirals and drops;

• Arsenal of futuristic weapons, enabling the player to obliterate the competition;

• Turbo boosts taking the bikes to extreme speeds and gravity defying environments;

• Detailed bike animation system, providing complete feedback controlling the bike's handling, including air-brakes, flaps, weapons and thrusters;

• Landscape animation system, which brings lush worlds to life;

• In-game music by the world-renowned group Ministry of Sound;

• Dolby Surround Sound.

XG3 Extreme-G Racing is currently available for the Nintendo GameCube(TM) at a suggested retail price of $49.99. The game is also available for the PlayStation®2 computer entertainment system. For more information regarding this title, as well as Acclaim's entire 2001 holiday season lineup, visit www.acclaim.com.

About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation as well as personal computer hardware systems. Acclaim owns and operates four studios located in the United States and the United Kingdom, and publishes and distributes its software directly in North America, the United Kingdom, Germany, France, Spain, Australia and the Pacific Rim. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines from time to time to support its time valued brands, Turok and Shadow Man. Acclaim's corporate headquarters are in Glen Cove, New York and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at www.acclaim.com.

"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Nintendo GameCube and the Nintendo GameCube logo are trademarks of Nintendo.

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