Activision's Raven Software In Development On X-Men Legends Sequel

Activision |

Santa Monica, CA - October 21, 2004 - Based on strong consumer response to its action role playing game X-Men^TM Legends, Activision, Inc. (Nasdaq: ATVI) announced today that the company is developing a sequel based on the ever-popular Marvel (NYSE: MVL) franchise with Raven Software. The original game challenges players to master the attributes of their favorite X-Men by creating, customizing and controlling teams of four mutants as they embark on a quest to stop the extinction of mankind. The title is currently available worldwide for the PlayStation^®2 computer entertainment system, Xbox^® video game system from Microsoft and Nintendo GameCube^TM.

"For 40 years Marvel's X-Men have captivated consumers worldwide and today the brand is stronger than ever," said Ron Doornink, CEO of Activision Publishing. "X-Men Legends is already on track to be the best selling game in the franchise's history."

"We are thrilled with the critical and consumer response to X-Men Legends. Marvel and Activision are committed to ensuring that the X-Men Legends series will continue to be a top notch game franchise for years to come," said Ames Kirshen, director of video game development at Marvel.

About Activision, Inc.

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 $948 million for the fiscal year ended March 31, 2004.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Scandinavia 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 www.activision.com.