EA to Complete the Offer When Reaching More Than a 50% Acceptance Level and Extend
to January 20, 2005.

EA Holding AB (EA) (Nasdaq:ERTS – News) today confirmed its decision to change
one of the conditions for the offer to the shareholders of Digital Illusions
CE AB (publ) (“DICE”) and to extend the acceptance period.

The acceptance period for EA’s offer to the shareholders of DICE, made on November
15, 2004, expired on December 16. As the calculation of outcome of the offer
now has been made, it can be confirmed that shareholders with a total of 2,587,294
shares in DICE, including 1,517,587 shares that the second largest shareholder
Bonnier & Bonnier AB and DICE employees with significant shareholdings have
undertaken to sell, have accepted EA’s offer. This corresponds to 25.6% of the
outstanding capital and votes in DICE. Together with the 18.9% of the outstanding
capital and votes currently held by EA, this would give EA today control of
4,498,697 shares, representing 44.5% of the outstanding capital and votes in
DICE. As a result, the offer has not yet been accepted to such an extent that
EA has become the owner of more than 90% of the total number of shares representing
more than 90 percent of the votes in DICE, which was a condition for the implementation
for the offer.

EA today changes the condition above and conditions the offer upon an acceptance
level through which EA would become the owner of more than 50% of the total number
of shares representing more than 50% of the capital and votes in DICE after dilution
upon exercise of employee warrants outstanding under the option program launched
in 2002. As a consequence of this, the acceptance period is extended to January
20, 2005.

The offer of SEK 61 in cash per share remains. The other terms and conditions
of the offer remain in effect during the extension period. Assuming that EA
completes the offer on January 26, 2005, payment is expected to be distributed
beginning on or about January 27, 2005.

EA reserves the right to acquire additional shares in DICE in the market.

The Board of Directors of DICE has in a statement on November 15, 2004, unanimously
recommended the shareholders to accept EA’s offer of SEK 61 per share. Nordea
Corporate Finance has issued a fairness opinion to the Board of Directors of
DICE, stating that the offer is fair from a financial point of view.

For more information about DICE, please visit http://www.dice.se

For more information about Electronic Arts, please visit http://www.ea.com

Filed under: XBS

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