LOS ANGELES, CA (July 16, 2003) - Vivendi Universal Games and Interplay Entertainment Corp (OTCBB:IPLY) announced today Lionheart: Legacy of the Crusader has gone gold. This original PC role-playing game from award-winning Black Isle Studios, and developed by Reflexive Entertainment, combines an intriguing story of alternate medieval history and fast paced real-time combat. It also features the SPECIAL system for character advancement previously found in the Fallout series of PC games. Hordes of monsters, hundreds of weapons and items and over 60 spells are found in the game to challenge your combat and spell-casting abilities. Get ready to enter a hauntingly familiar yet fantastically foreign world to our own.

It is 1588 A.D. Because of one fateful event during the Third Crusade, the history of this Earth diverged. This event, the Disjunction, ripped open a long-sealed breach to other worlds. Magic energy and powerful spirits flowed into the world, changing the lands and the people forever. To some who could comprehend the nature of these new forces, the introduction of magic has brought great power. To the common folk, magic is feared as the handiwork of evil. In this new, yet strangely familiar setting, the player must decide how to best develop their character's skills and abilities to triumph over obstacles to discover the meaning of their true fate.

Lionheart: Legacy of the Crusader will be available in August 2003 on PC for a suggested retail price of $49.99 with an ESRB "Teen" rating. For more information, log on to lionheart.blackisle.com.

About Interplay Entertainment Corporation
Black Isle Studios is a division of Interplay Entertainment Corp., a leading developer, publisher and distributor of interactive entertainment software for both core gamers and the mass market. Interplay currently balances its development efforts by publishing for personal computers as well as current and next generation video game consoles. Interplay releases products through Black Isle Studios, Interplay, its distribution partners and its wholly-owned subsidiary Interplay OEM, Inc. More comprehensive information on Interplay and its products is available through its worldwide web site at www.interplay.com.

About Vivendi Universal Games
Headquartered in New York, Vivendi Universal Games (www.vugames.com) is a global leader in multi-platform interactive entertainment. A leading publisher of PC, console and online-based interactive content, Vivendi Universal Games' portfolio of development studios includes Black Label Games, Blizzard Entertainment, Coktel, Fox Interactive, Knowledge Adventure, NDA Productions, Sierra Entertainment and Universal Interactive. Through its Partner Publishing Group, Vivendi Universal Games also co-publishes and/or distributes interactive products for a number of strategic partners, including Crave Entertainment, Interplay, Majesco, Mythic Entertainment and Simon & Schuster, among others.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. For example, there can be no assurance that the Company's current scheduled titles will ship in the projected time frame or that they will be as popular as the Company presently anticipates, or that the Company will be able to achieve its projected continued revenues from its existing titles, or that the Company will be able to increase the number of console titles it releases. Additional important factors that may cause a difference between projected and actual results for Interplay include, but are not limited to, future capital requirements, that equity or bank financing will be available on terms satisfactory to the company or at all, risk of delays in development and introduction of new products, dependence on new product introduction which achieve significant market acceptance and the uncertainties of consumer preferences, risks of product returns and markdown allowances, dependence on third party software developers for a significant portion of new products, risks of rapid technological change and platform change, intense competition, seasonality, risks of product defects and resulting returns, dependence upon licenses from third parties, risks associated with, dependence upon third party distribution, dependence upon key personnel and risks associated with international business, intellectual property disputes and other factors discussed in the Company's filings from time to time with the Securities and Exchange Commission, including but not limited to the Company's annual reports on Form 10-K and the Company's subsequent quarterly filings on Form 10-Q. Interplay disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.

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August 24, 2004