INFOGRAMES TO ACQUIRE HASBRO
December 6, 2000

Infogrames Entertainment and Hasbro jointly announced today that they have entered into a strategic agreement. The agreement is comprised of three main elements, including the Infogrames acquisition of Hasbro Interactive; a long-term licensing agreement giving Infogrames exclusive rights to develop and publish digital interactive games based on current and future Hasbro properties on all existing and future digital interactive formats; and the acquisition of Games.com.

Infogrames will purchase 100% of the common stock of Hasbro Interactive and Games.com for $100 million - comprised of $95 million in Infogrames Entertainment SA securities (approximately 4.5 million common shares) and $5 million in cash. In addition, Hasbro will receive an annual guarantee from Infogrames based on sales generated from the licensing agreement. The agreements are subject to approval and other customary closing conditions. The companies expect the deal to close early in the first calendar quarter of next year.

"Infogrames and Hasbro are truly poised to become worldwide leaders in the digital entertainment market," said Bruno Bonnell, Chairman and CEO of Infogrames. "Infogrames' external growth strategy consists of three requirements: a willingness of the prospective partner's management to share our strategic vision, a complementary set of skills and products, and finally, value for our shareholders. The Hasbro Interactive and Games.com acquisition meets these criteria," said Mr. Bonnell. "Infogrames' access to Hasbro's long list of well-known properties fits perfectly with our long-term publishing strategy to become the leader in family entertainment. The terms are beneficial for Infogrames Entertainment, since they have no direct impact on the company's future investment capacity."

Infogrames's acquisition of Hasbro Interactive gives Infogrames a catalog of titles based on well-known properties, including:

• The Microprose brand and titles, including Civilization, Falcon, and Roller Coaster Tycoon, the number one selling PC game in the US according to PC DATA'S latest report.
• The Atari name and properties, such as Centipede, Missile Command, and Pong.
• The exclusive rights to develop and publish interactive games based on current and future Hasbro properties, including Monopoly, Scrabble, Clue, Risk, Boggle, Mr. Potato Head, Tonka, Action Man, My Little Pony, Candyland, and Dungeons And Dragons.

Under the terms of the agreement, Infogrames gains the rights through a licensing agreement with Hasbro to develop games based on Hasbro properties for a period of 15 years plus an option for an additional 5 years based on performance, on all existing and future digital interactive formats. Terms of the licensing agreement are consistent with other traditional Infogrames' licensing agreements.

These Hasbro Interactive brands, together with Hasbro's owned brands, make up a catalog of more than 200 family titles. Additionally, approximately 60 titles are currently in development, including PlayStation2 and Xbox versions of Zoo Tycoon, Monopoly, Micro Machines, Twister, Circus Maximus, Civilization, and Grand Prix 4.