FOR IMMEDIATE RELEASE 

For Information

Contact: 

Ryh-Ming C. Poon 

Sr. Publicist

Corp. Communications Activision, Inc. 

(310) 255-2226 

cpoon@activision.com

ACTIVISION TAKES WEB-SLINGING SUPER HERO SPIDER-MAN(tm) GAME SERIES TO SEGA DREAMCAST(tm)

Santa Monica, CA -- December 20, 2000 -- Marvel's famous arachnid super hero will engage gamers in web-to-hand combat this spring, when Activision, Inc. (Nasdaq: ATVI) launches Spider-Man(tm) onto Sega Dreamcast(tm). As the elusive web-slinger, players battle sinister villains in a mission to save Manhattan from the ultimate evil. Spider-Man for Dreamcast is being developed by Treyarch LLC.

"Spider-Man for the PlayStation game console wowed both gamers and critics alike by capturing the true essence of the comic book series," says Larry Goldberg, executive vice president, Activision Studios. "The swift action of the web-slinging super hero will translate well onto Dreamcast with its 128-bit graphics capability."

The first free-roaming, 3D action/adventure game based on the most recognized super hero of all time, Spider-Man challenges players to web-sling, wall-crawl, fight and use "Spider-Sense" to battle evil-doers. Players must utilize Spider-Man's super strength and superior wit to protect the innocent as they help solve a variety of puzzles and defeat old and new super villains alike.

Spider-Man for Dreamcast features an immersive storyline that gamers can experience through 34 action-packed levels. From hair-raising police chases and all-out brawls with lizard men to stealth missions, gamers battle through familiar Spider-Man comic book locales including the Daily Bugle, Times Square and a New York bank. Players will utilize all of the classic Spider-Man web defenses from trapping and yanking to impact webbing, as well as new weapons including web doming and web spikes to battle enemies. In addition, players can swing from place-to-place, ambush enemies from above or below, crawl on buildings, ceilings, or walls, and use the always-handy "Spider-Sense" to detect danger from afar.

With a library of over 4,700 proprietary characters, Marvel Enterprises, Inc. (NYSE: MVL) is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused in five divisions: entertainment (Marvel Studios), licensing, toys (Toy Biz), comic book publishing and Internet/New Media. Marvel facilitates the creation of entertainment projects, including feature films, television, home video and the Internet, based on its characters and also licenses its characters for use in a wide range of consumer products and services including video and computer games, apparel, collectibles, snack foods and promotions. Marvel's characters and plot lines are created by its comic book division which continues to maintain a leadership position in the U.S. and worldwide while also serving as an invaluable source of intellectual property. For additional information visit the Marvel Web site at <http://www.marvel.com>.

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 $572 million for the fiscal year ended March 31, 2000.

Activision maintains operations in the US, 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 http://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, 2000, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.