Santa Monica, CA – May 17, 2002 – Attendees of this years E3 will get a chance to peer inside the secret shroud of the Ninja, when Activision, Inc.’s (Nasdaq: ATVI) unveils Tenchu 3: Wrath of Heaven™ for the PlayStation®2 computer entertainment system at its booth #1224 in the South Hall on May 22 - 24.

Tenchu 3: Wrath of Heaven builds on the renowned gameplay of the popular Tenchu franchise and delivers the most realistic, stealth-based, ninja action/adventure game ever. The game features impressive new stealth attacks, an enhanced fighting engine, new weapons and tools, plus larger levels, improved character animations, new multiplayer options and a soundtrack from famed composer Noriyuki Asakura. Tenchu 3: Wrath of Heaven is scheduled for release in the winter of 2002 and is currently pending a rating by the ESRB.

"Tenchu 3’s unique ninja style gameplay delivers an experience that’s unlike any other console game,” states Larry Goldberg, executive vice president, Activision Worldwide Studios. “Strategy and quick reflexes are equally important as players position their character for the perfect stealth attack.”

Set one year after the events of the original Tenchu game, Tenchu 3: Wrath of Heaven allows players to reprise their role as Rikimaru or as two other characters. As in the first two games, players must use cunning and strategy to prowl rooftops and overcome daunting odds with deadly stealth attacks. As a Ninja, players will engage in espionage, theft and assassination and explore specially designed environments that allow multiple solutions to a given obstacle.

Taking advantage of the PlayStation®2 computer entertainment system’s impressive graphical capabilities, Tenchu 3: Wrath of Heaven features 25 death defying missions, detailed lighting and weather effects, and improved character animations.

Tenchu 3: Wrath of Heaven is the sequel to the ground-breaking Tenchu: Stealth Assassins which established the stealth-action genre and became a worldwide hit selling more than 1.5 million copies worldwide. The title garnered critical acclaim including winning Game Informer magazine’s “1998 Action Game of the Year” award and IGN's Top 25 PlayStation titles of all time.

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 revenues of $786 million for the fiscal year ended March 31, 2002.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia, 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.

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.

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