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Business Wire, May 8, 2006

The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. 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. Such factors include, without limitation, product delays, retail acceptance of our products, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key personnel, vendors and third-party developers, international economic and political conditions, integration of recently acquired subsidiaries and identification of suitable future acquisition opportunities. These important factors and other factors that potentially could affect the Company's financial results are described in our filings with the Securities and Exchange Commission, including the Company's most recent Annual report on Form 10-K and Quarterly Report on Form 10-Q. Readers of this press release are referred to such filings. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Enemy Territory(TM): Quake Wars (C) 2006 Id Software, Inc. All rights reserved. QUAKE and ID are registered trademarks of Id Software, Inc. in the U.S. and/or some other countries.

TM, (R), Game Boy Advance, Nintendo GameCube, Nintendo DS and Wii are trademarks of Nintendo.

Activision is a registered trademark of Activision, Inc. and its affiliates. All other trademarks and trade names are the property of their respective owners.

Marvel, X-Men, Spider-Man and all related character names and likenesses thereof are trademarks of Marvel Characters, Inc., and are used with permission. (C) 2006 Marvel Characters, Inc. All rights reserved. www.marvel.com. Super Hero(es) and Super Villains are co-owned registered trademarks.

Microsoft, Xbox, Xbox 360 and Xbox Live are registered trademarks of Microsoft Corporation in the United States and/or other countries.

Over the Hedge(TM) DreamWorks Animation LLC

Lionhead, the Lionhead logo, The Movies, The Movies Stunts & Effects and The Movies logo are trademarks or registered trademarks of Lionhead Studios Ltd.

Tony Hawk is a registered trademark of Tony Hawk, Inc.

Activision and Call of Duty are registered trademarks of Activision Publishing, Inc.

These titles are not yet concept approved by Sony Computer Entertainment America.