Shareholder Class Action Filed Against Giant Interactive Group, Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP

Market Wire, December, 2007

The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of all purchasers of securities of Giant Interactive Group, Inc. (NYSE: GA) ("Giant Interactive" or the "Company") pursuant and/or traceable to the Company's Initial Public Offering ("IPO" or "Offering") on or about November 1, 2007 through November 19, 2007, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com .

The Complaint charges Giant Interactive and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Giant Interactive, formerly Giant Network Technology Limited, is an online game developer and operator. The Company focuses on massively multiplayer online ("MMO") games that are played through networked game servers, in which a number of players are able to simultaneously connect and interact. Giant Interactive operates three MMO games, all of which it has developed internally: ZT Online, ZT Online pay-to-play ("PTP") and Giant Online. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company's average concurrent user ("ACU") and peak concurrent user ("PCU") figures as presented in the Registration Statement included game users engaged in "gold farming" activities; (2) that, prior to the IPO, the Company had implemented a major rule change for ZT Online which was designed to discourage "gold farming" activities; and (3) that this rule change would materially reduce the Company's ACU and PCU numbers in subsequent quarters.

On November 19, 2007, after the close of the market, Giant Interactive shocked investors when it announced its financial and operational results for the third quarter of 2007 (ended September 30, 2007). Among other things, the Company reported that its ACU count for the third quarter had decreased over 6.5 percent from the second quarter of 2007, and that its PCU count for the third quarter had decreased 17.2 percent from the second quarter of 2007. On a subsequent conference call, Company representatives attributed both the ACU and PCU declines to a major rule change in the Company's ZT Online game, a change that the Company had instituted months before its IPO.

On this news, the Company's shares declined $3.78 per share, or over 25.4 percent, to close on November 20, 2007 at $11.10 per share, on unusually heavy trading volume. This closing price on November 20, 2007 represented a cumulative loss of $4.40 per share, or over 28 percent, from the value of the Company's shares at the time of its IPO just weeks earlier.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.

For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit www.sbtklaw.com

If you are a member of the class described above, you may, not later than January 25, 2008, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

CONTACT: Schiffrin Barroway Topaz & Kessler, LLP Darren J. Check, Esq. Richard A. Maniskas, Esq. 280 King of Prussia Road Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706 Or by e-mail at Email Contact