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ELECTRONIC ARTS ANNOUNCES AGREEMENT TO ACQUIRE ORIGIN SYSTEMS

 ELECTRONIC ARTS ANNOUNCES AGREEMENT TO ACQUIRE ORIGIN SYSTEMS
 SAN MATEO, Calif., Sept. 10 /PRNewswire/ -- Electronic Arts (NASDAQ: ERTS) and Origin Systems Inc. announced today that they have signed a definitive agreement whereby Electronic Arts will acquire Origin Systems (Origin) of Austin, Texas.
 In this transaction, which will be accounted for as a pooling of interests, Electronic Arts will exchange approximately 1.3 million shares for all outstanding securities of Origin. The value of the deal at the time of signing was approximately $35 million.
 Origin was founded in 1983 by Robert and Richard Garriott to capitalize on the popularity of Richard Garriott's Ultima series of fantasy role-playing games. During the past three years, Origin has experienced strong growth in revenues and profitability. It completed its fiscal year ending February 28, 1992, with net revenues of $13 million and pre-tax profits of $3.2 million. Today, the 160-person company is one of the most successful and well-known in the interactive entertainment industry. To date, Origin has developed and published over 30 titles on multiple home computer and compact disc (CD-ROM) platforms, and has also developed titles for key video game platforms.
 Two of Origin's properties are recognized as leaders in the fantasy role-playing and action/simulation categories. The Ultima games combine fully-interactive worlds with compelling storylines. The series has sold more than 1.5 million units worldwide. The latest installment, Ultima VII: The Black Gate, is currently on best-seller lists from surveys of software
retailers. Ultima Underworld: The Stygian Abyss, a game with innovative continuous-motion, 3D technology, is also among the best-sellers. Origin's Wing Commander series set a standard for space combat simulation, combining movie-like special effects with advanced graphics. The Wing Commander series has sold more than 500,000 units worldwide.
 Origin's unique products will complement the strength of the Electronic Arts' entertainment line. Ultima I-VI and the Wing Commander series are currently available on CD. These types of multimedia products, well-established on home computers, are some of the earliest available in the CD market, and will strengthen Electronic Arts' entry into the CD marketplace.
 In the new organization, Origin will be operated as a wholly owned subsidiary. Robert Garriott, president and chief executive officer of Origin will continue in this role and becomes a vice president of Electronic Arts. Richard Garriott, senior vice president/creative director of Origin will continue in this role and becomes an executive producer of Electronic Arts.
 "Origin is a highly successful publisher in the interactive entertainment industry with a strong record of growth and profitability. They have an excellent management team, and they have proven themselves in their nine-year history to be a great creative force with unique products. The acquisition of Origin by Electronic Arts is an excellent fit," said Larry Probst, president and chief executive officer of Electronic Arts. "It will help launch Electronic Arts into the CD market and enhance Electronic Arts' position as the leading worldwide independent publisher of entertainment software."
 Robert Garriott added, "We believe the acquisition of Origin by Electronic Arts will allow us to move rapidly and to aggressively transfer the large-scale interactive entertainment products that we develop across a multitude of platforms around the world. We are excited about the prospect of becoming an integral part of Electronic Arts and becoming a part of a potentially bigger force in the future of interactive entertainment."
 Richard Garriott agreed. "Origin has been an industry leader in developing new, top-of-the-line properties and technology. When backed by Electronic Arts' worldwide multiple-platform distribution and marketing acumen, we believe our combined companies have an even greater advantage over the competition."
 Electronic Arts is a diversified interactive entertainment company that develops, publishes and distributes worldwide.
 -0- 9/10/92 R
 /CONTACT: Holly Hartz of Electronic Arts, 415-513-7510, or Galen Svanas of Origin Systems, 512-328-5490/
 (ERTS) CO: Electronic Arts; Origin Systems Inc. ST: California, Texas IN: CPR SU: TNM


TM -- SF001 -- 8334 09/11/92 08:55 EDT
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Date:Sep 11, 1992
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