Konami Showcases Gradius V

Konami
Showcases Gradius™ V At Electronic Entertainment Expo 2003

Gradius™ V Blasts onto PlayStation® 2 in Winter 2003 – Continues
in Konami’s Longest Running Shooting Franchise

Electronic Entertainment Expo Booth #900 – May 14, 2003 – Los
Angeles, CA –
Konami of America, Inc., a
subsidiary of Konami Corporation (NYSE: KNM), today offered gamers an
opportunity to play – for the first time ever – Gradius™ V for Sony
PlayStation® 2 computer entertainment system. Continuing Konami’s longest
running shooting franchise, the latest installment in the series features the
classic Gradius™ action gameplay with all new features, including new
Option Controls, original level designs, new weapons, captivating missions and
dazzling nextgeneration graphics.

Featuring the return of the Vic Viper and the series’ classic
side-scrolling blasting action, Gradius V offers players access to 12
upgradeable power-ups including the new Option Bomb and Option Stock to heighten
power and gameplay. In addition, the new Option Controls feature and beautifully
designed levels create new challenges and obstacles for gamers to blast through
seven intense stages of classic arcade style action. Gradius™ V is
expected to launch in Winter 2003.

To learn more about Gradius™ V as well as other Konami
titles, please visit the Konami booth #900 in the Los Angeles Convention Center
between May 14 – May 16, or go online to:


http://www.konami.com/gradius5

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About KONAMI CORPORATION

Konami Corporation is a leading developer, publisher and
manufacturer of electronic entertainment properties, specializing in the home
video game market. Konami Corporation’s action and adventure titles include the
popular franchises Metal Gear Solid, Silent Hill and Castlevania,
among other top sellers. The latest information about Konami can be found on the
Web at

www.konami.com
.
Konami Corporation is a publicly traded company based in Tokyo, Japan with
subsidiary offices, Konami of America, Inc. in the US and Konami of Europe in
Frankfurt, Germany. Konami Corporation, the parent company of Konami of America,
Inc. is traded in the United States on the New York Stock Exchange under the
ticker symbol KNM. Details of the products distributed by

Konami of America, Inc. can be found at
www.konami.com/usa.