TONY HAWK’S PRO SKATER 3 for the pc GRINDS ONTO retail store shelves

Santa Monica, CA – March 29, 2002 – PC gamers can now shred online with seven other players with the release of Activision, Inc.’s (Nasdaq: ATVI) Tony Hawk’s Pro Skater 3. The first PC game based on the Tony Hawk’s Pro Skater franchise to include online gameplay, Tony Hawk’s Pro Skater 3 features three new multiplayer modes including Keep Away, Control the Zone, and Capture the Flag. Tony Hawk’s Pro Skater 3 for the PC is currently available at retail locations nationwide with a suggested retail price of $39.99 and an ESRB rating of “T” (“Teen” – blood, mild lyrics and suggestive themes – content suitable for persons ages 13 and older).

“Tony Hawk’s Pro Skater 3 for the PC lets you skate in virtual worlds over the Internet with friends from around the globe,” said Larry Goldberg, executive vice president, Activision Worldwide Studios. “Up to eight players can compete in multiplayer games like King of the Hill, Slap!, Trick Attack and Graffiti, and trade custom maps with one another.”

“Developing the enhanced PC version of Tony Hawk’s Pro Skater 3 is just the beginning for us,” said Randy Pitchford, president, Gearbox Software. “In coming weeks, Gearbox is very excited to continue to support the game to allow and inspire end-user additions and to help grow an on-line community around the fun new multiplayer aspects of Tony Hawk’s Pro Skater 3 for PC.”

Tony Hawk’s Pro Skater 3 is the revolutionary sequel to the best-selling sports game of 2000. Featuring eight massive levels filled with people, traffic, and other interactive elements, the game’s environments are brought to life with richer graphics and advanced special effects optimized for today’s PC video cards. Smoother life-like animations and significantly improved tricks capture the style of the world’s best skateboarding pros. Further improving on the franchise’s intuitive control scheme, the game allows players to perform tricks and combos in some of the world’s most popular skate locations including Los Angeles, Canada and Tokyo.

The enhanced skate park editor allows gamers to create the ultimate park up to twice the size of parks in Tony Hawk’s Pro Skater 2. The Create-A-Skater features a new female skater model, and the ability to modify almost every aspect of their appearance, from accessories to clothing to hair color.

About Gearbox Software

Founded in January 1999, Gearbox Software is a studio comprised of veteran 3D game developers collected in Dallas, Texas. The company’s first offering, Half-Life: Opposing Force became the winner of the PC Action Game of the Year award in 2000 from the prestigious Academy of Interactive Arts & Sciences’. In 2001, Gearbox’s Half-Life: Blue Shift became a #1 selling title in North America and in the United Kingdom. Gearbox Software has created award winning, top-selling software for the PC, Sega Dreamcast and Sony PlayStation2. More information about Gearbox Software can be found at www.gearboxsoftware.com.

About Activision

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 $620 million for the fiscal year ended March 31, 2001.

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, 2001, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.