Relive One of the Most Monumental Events in American History with the Release of Activision Value's ``THE HISTORY CHANNEL Presents Civil War — Great Battles''

Business Wire, Jan 28, 2003

Business/Entertainment Editors & Multimedia Writers

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 28, 2003

Side with "Johnny Rebel" in confederate gray or join the ranks of the Union Army with the release of "THE HISTORY CHANNEL(R) Presents Civil War -- Great Battles" for the PC from Activision Value, a division of Activision Publishing, Inc. (Nasdaq:ATVI). Combining elements of strategic combat and simulation tactics, the game challenges players to take control of the North or the South and drive their forces to victory through a fierce war of attrition. "THE HISTORY CHANNEL Presents Civil War -- Great Battles" is available at retail stores nationwide for a suggested retail price of $19.99 and has been rated "T" by the ESRB.

"`THE HISTORY CHANNEL Presents Civil War -- Great Battles' allows Civil War buffs and strategy fans to relive one of the most important events in our nation's history," said Patrick Kelly, Vice President of Studios, Activision Value Publishing. "With historically accurate weaponry, uniforms, photographs and music, `THE HISTORY CHANNEL Presents Civil War -- Great Battles' is one of the most comprehensive games on the subject to date."

Playing against the computer's AI or a friend in multiplayer, would-be generals begin the action from a turn-based strategy map with the goal of capturing enemy forts and cities. As players gain territory, they acquire additional resources with which to field more soldiers. If a territory is contested, players are taken to a 3D battlefield at which point they can control their troops in battle. From the battlefield players will have the opportunity to strategically position infantry, cavalry, artillery and generals for maximum effect. To win the game, players must defeat the opposing forces and conquer their territory.

Minimum system requirements for "THE HISTORY CHANNEL Presents Civil War -- Great Battles" include a Pentium 500Mhz, 64 MB RAM, a DirectX(R) compatible Sound Card, DirectX(R) compatible 3D Accelerator with 8MB RAM, 700 MB of Hard Drive space, 8X CD ROM, Mouse and Keyboard and Windows 98/ME/2000/XP.

About The History Channel

Now reaching over 82 million Nielsen subscribers, The History Channel reveals the power and passion of history as an inviting place where people experience history personally and connect their own lives to the great lives and events of the past. The History Channel is the only place "Where the Past Comes Alive." The History Channel received the prestigious Governor's Award from the Academy of Television Arts & Sciences for the network's "Save Our History" campaign dedicated to historic preservation and education. The History Channel web site is located at www.HistoryChannel.com.

About Activision Value

Headquartered in Minneapolis, MN, Activision Value Publishing, Inc., a division of Activision, Inc. (Nasdaq:ATVI), is a wholly owned subsidiary of Activision Publishing, Inc. The company specializes in developing interactive entertainment software for the PC systems and all other console systems worldwide. For more information about Activision Value Publishing, visit the company's web site at www.activisionvalue.com or 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 Activision's Annual Report on Form 10-K for the fiscal year ended March 31, 2002, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.