UNIVERSAL INTERACTIVE STUDIOS AND KONAMI CORPORATION BRING THE LEGENDARY THRILLER THE THING TO NEXT-GENERATION GAME PLATFORMS

Konami Partnership to Enhance Development and Distribution of Classic Movie Franchise as Part of Five-Year Strategic Alliance

Universal City, Calif., September 21, 2000 – Universal Interactive Studios (UIS) and Konami Corporation today entered into a production and publishing agreement for Universal Studio’s popular classic thriller, The Thing, announced jointly today by Jim Wilson, senior vice president and general manager, Universal Interactive Studios and Kazumi Kitaue, director, Consumer Software Division, Konami Corporation.

"The Thing is a phenomenal franchise that gamers have been requesting for a long time," said Mr. Wilson. "This franchise presents an incredible opportunity to draw upon Universal’s rich movie history and today’s technology to create a one-of-a-kind gaming experience."

The action adventure game is based on the classic movie The Thing, originally released in 1950 and then remade in 1982 by director John Carpenter (Halloween, The Fog, Escape from New York). The video game begins where the original movie left off and brings a whole new level of action, adventure and suspense, mixing elements from both the sci-fi and horror genre. The Thing will be developed for multiple game console and handheld platforms.

"We are excited about continuing a strong relationship with UIS," said Mr. Kitaue. "The Thing continues to have strong global appeal and has intrigued fans for half a century. With UIS as a partner, this is sure to be a legacy in the video games arena."

This agreement stems from a five-year global strategic alliance announced last December to develop, market and distribute current and next-generation interactive games. Under the terms of the deal, Konami will market and distribute games produced and developed by UIS based upon Universal Studios’ franchises.

The Thing represents one of three titles announced between UIS and Konami in conjunction with the Tokyo Games Show. Also announced today were partnerships between UIS and Konami for next generation titles based upon Crash Bandicoot and Jurassic Park III.

About Konami

As a producer, manufacturer and publisher, Konami is a leading company in the digital entertainment industry covering from consumer-use software to commercial-use amusement machines. On top of its popular sports games and music simulation games, Konami is also well known with its big hit action and adventure titles such as Metal Gear Solid, Silent Hill and Castlevania. The company recently set up an agreement with ESPN to further expand its reputation as "Konami of sports games." Konami Corporation is a publicly traded company based in Tokyo with subsidiaries, Konami of America, Inc. and Konami of Europe GmbH and others. The detailed information of the company can be obtained on the web at www.konami.com.

About UIS

Universal Interactive Studios (UIS) is a leader in the development and production of popular franchises across multiple gaming platforms. UIS has a strong portfolio of games, including two of the best selling game franchises of all time: Crash Bandicoot and Spyro the Dragon. Through its unique production management business model, UIS ensures rich and dynamic product design and creative; state-of-the-art technology; franchise-specific resources; and powerful marketing and distribution -- for the highest quality entertainment experience.

Universal Studios (www.universalstudios.com) is a unit of The Seagram Company Ltd., a global entertainment and beverage company.

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