ACTIVISION SHIPS Full 2001 GAME SLATE TO NORTH AMERICAN RETAIL OUTLETS AHEAD OF HOLIDAY BUYING SEASON

Santa Monica, Ca - December 4, 2001 -- Poised to leverage what promises to be the biggest holiday season in video game history, Activision, Inc. (Nasdaq: ATVI) announced today that all of its front-line games for 2001 have shipped to retail outlets throughout North America. 

Activision's 2001 holiday slate includes such highly anticipated games as Return to Castle Wolfenstein(tm) and Star Trek: Armada II for the PC; Tony Hawk's Pro Skater(tm) 3 for the PlayStation2 computer entertainment system, Nintendo GameCube, PlayStation game console and Game Boy Color; Tony Hawk's Pro Skater(tm) 2x for the Xbox video game system from Microsoft; Shaun Palmer's Pro Snowboarder(tm) for the PlayStation 2, Game Boy Advance and Game Boy Color; Supercar Street Challenge(tm) for the PlayStation 2 and PC; Spider-Man 2 Enter: Electro(tm) for the PlayStation; and Jackie Chan Adventures(tm) and Mat Hoffman Pro BMX(tm) for the Game Boy Advance.   

"This is an exciting and unprecedented time for the video game industry in general and especially for Activision," states Ron Doornink, President and COO, Activision, Inc.  "The diversity of Activision's product portfolio and our strong brands allow us to take advantage of the market opportunities created by the introduction of the Xbox and the Nintendo GameCube, while we continue our leadership on the PlayStation 2 computer entertainment system, PlayStation game console, Nintendo's Game Boy handheld devices and the PC.  With hardware manufacturers spending millions of marketing dollars targeting consumers this holiday season and beyond, Activision is well positioned to expand the reach of its franchises beyond traditional gaming audiences."

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 $620 million for the fiscal year ended March 31, 2001.

Activision maintains operations in the US, Canada, the United Kingdom, France, Germany, Japan, Australia 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 http://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 the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2001, which was filed with the United States Securities and Exchange Commission.  Readers of this press release are referred to such filings.

Marvel, Spider-Man, X-Men and related characters are trademarks of Marvel Characters, Inc. and are used with permission.  Ó2001 Marvel Characters, Inc.  All rights reserved. 

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