Take-Two Interactive Software, Inc. has announced the formation of a new entertainment
software publishing label, Gotham Games. Additionally, Take-Two is announcing
that effective immediately it will publish products globally under three labels
only: Rockstar Games, Gathering of Developers and Gotham Games.

Gotham Games is being launched to specifically focus on publishing outstanding
content accessible to consumers of all ages at a variety of price points. All
of the Company’s value priced software products for the PlayStation® game
console will be published under the Gotham brand, along with an exciting selection
of upcoming front line titles to be published across multiple platforms.

Titles now in development which will be published under the Gotham Games
label, include the highly anticipated military action shooter Conflict: Desert
Storm, to be released this Fall across three platforms; the Microsoft Xboxâ„¢
version of Serious Sam, 2001 Gamespot “Game of the Year,” scheduled
for release this Winter; and the exciting Celebrity Deathmatch, based
on the MTV smash hit show, also scheduled for a Winter release. In addition,
Gotham will launch Austin Powers Pinball for the PlayStation(R) game console
in the Fall, and plans a full slate of additional PlayStation® value priced
software over the next year.
Read on for the full story . . .

The Company has named Take-Two VP of Publishing and Business Development Jamie
Leece to head Gotham Games, which will be based in the Company’s headquarters
in New York. Mr. Leece commented, “We look forward to further extending
Take-Two’s reputation for exceptional quality and innovative game development
with the approximately 20 titles scheduled to be released on our Gotham Games
label in the next year.”

The Company’s cornerstone Rockstar Games label will continue to focus on the
creation of groundbreaking original content for console video game systems,
and the expansion of its proprietary intellectual properties, such as Grand
Theft Auto, Max Payne, Midnight Club, and Smuggler’s Run.
The Company’s Gathering of Developers label will be used for the development
of products for the PC platform.

Kelly Sumner, Chief Executive Officer, stated, “Take-Two’s goal is for
Gotham Games to become a sought-after label associated with products for the
mass market, just as Rockstar Games has created a commanding position in the
creation of revolutionary new intellectual property, and Gathering of Developers
is a well-known premium label for the PC market. The creation of the Gotham
Games label will provide Take-Two with a dedicated vehicle to target the mass
market consumer, a segment which we expect to continue to expand rapidly due
to the recent reduction in hardware pricing and resulting increase in household
penetration rates. With more than 60 titles in development in our overall publishing
business, Take-Two has a solid pipeline of diversified products for the balance
of fiscal 2002 and continuing into 2003.”

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