Aspyr Media Inc. Announces Wakeboarding Unleashed Featuring Shaun Murray For PC and Macintosh Is Now Shipping.

Entertainment Editors/High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Dec. 22, 2003

Action sports game fanatics everywhere are able to experience Activision Inc.'s (Nasdaq:ATVI) Wakeboarding Unleashed(tm) featuring Shaun Murray on PC and Macintosh(R). Aspyr Media Inc. announced that the game began shipping today. The game was licensed from Activision, and conversions were completed by Beenox Inc.

With a ton of innovative objectives, the game gives players the option to take control of the speedboat, compete in a variety of competitions and unlock secret challenges. The unique Rope Mechanics(tm) enable players to let go of the rope in order to find secret areas and venture into unexplored territory. Gamers can then grab a hold of the rope again to continue exploring exciting new areas.

The game features groundbreaking water graphics including particle and wake formation effects with realistic shapes and appearances. There are nine levels of action, complete with tournament-style challenges. Each level features interactive objectives such as boat races, water balloon battles and ferrying stranded animals around a flooded city. The real world locations from Hong Kong Harbor to Lake Powell provide ideal destinations for world-class wakeboarders Shaun Murray, Parks Bonifay, Dallas Friday, Tara Hamilton, Cobe Mikacich, Darin Shapiro and Colin Wright to show off their unique moves.

Gamers can play with each other in co-op mode where one player controls the rider while the other controls the boat, or tug-of-war mode where players dominate the other wakeboarders by taking their extra rope.

Wakeboarding Unleashed(tm) Featuring Shaun Murray is rated "E" for Everyone by the ESRB and is available at retailers nationwide. Aspyr also shipped a Game Boy(R) Advance version of the game earlier this year.

About Aspyr Media Inc.

Based in Austin, Texas, Aspyr Media Inc. is an established publisher of Macintosh interactive entertainment software and recently began their venture into the PC and GBA as well as DVD and music publishing markets. Aspyr is committed to delivering high-quality entertainment products to consumers worldwide.

More information on Aspyr and their line of products can be found on the Internet at http://www.aspyr.com.

About Beenox Inc.

Founded in 2000, Beenox Inc. is a rapidly expanding game development studio based in Quebec, Canada, specialized in creating innovative technology and original games for personal computer platforms and game consoles. All the Beenox team has cumulated years of experience in the gaming industry with titles published on such platforms as the Playstation 2 and 1, Windows, and Macintosh. Since its foundation, the company has delivered several highly acclaimed original titles but was also responsible of AAA title ports such as Tony Hawk's Pro Skater 4 (PC-MAC), Kelly Slater's Pro Surfer (PC-MAC), and Tony Hawk's Pro Skater 3 (MAC). With its new 3D technology developed last year (Goliath), the Beenox game division is now busy working on an all-new 3D game.

About Activision Inc.

Headquartered in Santa Monica, Calif., Activision Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $864 million for the fiscal year ended March 31, 2003.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Scandinavia 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, 2003, which was filed with the United States Securities and Exchange Commission. Readers of this press release are referred to such filings.