THQ SEES NO HARM
September 28, 2000

Responding to yesterday's announcement by Sony concerning a decrease in the number of PlayStation 2 hardware units expected to be made available this year, Brian Farrell, president and CEO of THQ said, "Our plan has always been to launch only one PlayStation 2 title, 'Summoner,' this year, in conjunction with the Oct. 26 launch of Sony's new platform, and 'Red Faction,' the first of many additional PlayStation 2 titles, early in 2001.

"From the beginning, our expectation was that sales of games for the PlayStation 2 would account for less than 5% of THQ's revenue for this year's fourth quarter. Accordingly, our expectations for THQ's fourth-quarter performance are unchanged as a result of Sony's revised launch schedule for their exciting new system, nor do we currently anticipate any impact on THQ's outlook for 2001."

Farrell also indicated that the company's WWF SmackDown remains a top-10 PlayStation title in North America and the United Kingdom and that THQ's WWF Royal Rumble continues to rank among the top-five Dreamcast titles in both territories.

"Our WWF-branded wrestling games are domestic and international best sellers, and represent a strong franchise for THQ. We are optimistic that this trend will continue with the exciting WWF releases scheduled for the holidays, including our first online game, 'WWF With Authority,'" said Farrell.