Konami Unleashes Teenage Mutant Ninja Turtles

Konami Unleashes Kick-Butt Action With
Teenage Mutant Ninja Turtles™

Boasting A Sleek New Look, The Amazing
Reptiles Hit The Streets And Sewers In New 3d Action Game In October 2003

Electronic Entertainment Expo – Booth #900 – LOS ANGELES, CA – May 14, 2003
– Leading video game publisher Konami of America, Inc., a subsidiary
of Konami Corporation (NYSE: KNM) today revealed the highly-anticipated
Teenage Mutant Ninja Turtles (TMNT) games,
which will be released in October 2003 on the Sony PlayStation® 2, Xbox™ video game system from
Microsoft, Nintendo Game Cube®, Game Boy® Advance and PC CD-ROM. Chock full of arcade-style
kick-butt action, the next-generation console debut of Leonardo, Donatello,
Michelangelo and Raphael will feature all of the fun and energy that made the original
TMNT games legendary.

"This game lets players step into the action-packed world of the popular TMNT
animated TV series," said Erica Mason, Product Manager at Konami of America, Inc. "Fans of the
original games have been clamoring for the return of the ‘heroes in a half shell’ and this game
delivers with a punch."

Teenage Mutant Ninja Turtles brings the full cast of characters – including
Splinter, Casey Jones, April O’Neil, Baxter Stockman, The
Shredder and more – to a thrilling game that will delight
players young and old. Cell-shaded graphics, an engaging storyline and an unbelievable variety of
moves make for a super-fun gaming experience. The games will also feature character voices from the
new Teenage Mutant Ninja Turtles TV show airing on 4Kids Entertainment’s FOX BOX on Saturday
mornings.

In the Story Mode, up to 2 players must use ninja moves and hand-to-hand combat to
defeat a barrage of enemies, including The Shredder and his vile band of Foot ninjas.
Cinematic sequences move the story forward, while gamers – playing as their turtle of choice –
punch, kick, slice and dice their way through six hard-fought stages and over 35 levels. As they
progress, they will collect scrolls to unlock new attacks and special effects.

As players become fighting masters, they will want to check out the VS Mode to
challenge their friends or AI characters. These battles not only allow for play as one of the
Turtles, but also give players a chance to step into the shoes of some of the game’s villains.

The TEENAGE MUTANT NINJA TURTLES were created in May 1984 when Peter
Laird and Kevin Eastman published a 40-page, black-and-white comic book. The original TMNT animated
series debuted in 1987, going on to become the #1 children’s television show throughout the late
1980’s and early ‘90’s. TMNT merchandise licensees, including Konami and Playmates Toys, were
enormously successful, reportedly selling over $3 billion in toys, video games and other merchandise
within all product categories worldwide to date.

To learn more about Teenage Mutant Ninja Turtles, please visit the Konami
booth #900 in the Los Angeles Convention Center between May 14 – May 16 or go online to:

http://www.konami.com/tmnt

About KONAMI CORPORATION

Konami Corporation is a leading developer, publisher and manufacturer of electronic
entertainment properties, specializing in the home video game market. Konami Corporation’s action
and adventure titles include the popular franchises Metal Gear Solid, Silent Hill and
Castlevania, among other top sellers. The latest information about Konami can be found on the
Web at
www.konami.com. Konami Corporation is a publicly traded
company based in Tokyo, Japan with subsidiary offices, Konami of America, Inc. in the US and Konami
of Europe in Frankfurt, Germany. Konami Corporation, the parent company of Konami of America, Inc.
is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details
of the products distributed by Konami of America, Inc. can be found at

www.konami.com/usa.

About 4Kids Entertainment, Inc.

CEO: Alfred R. Kahn. Headquartered in New York City with international offices in
London, 4Kids Entertainment, Inc. is a global provider of children’s entertainment and merchandise
licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international
merchandise licensing; product development; television, film, music and home video production and
distribution; media buying and planning; and Web site development. Listed NYSE: KDE. For further
information, please visit the company’s Web site at

www.4KidsEntertainment.com.

About Mirage Licensing, Inc.

CEO: Gary Richardson, Mirage Licensing, Inc. is the licensing arm of a group of
companies (Mirage Studios, Inc., Mirage Management, Inc., Mirage Publishing, Inc.) located in
Northampton, Massachusetts that for 18 years has administered, nurtured and protected the Teenage
Mutant Ninja Turtles property, one of the most successful and respected worldwide children’s
entertainment and merchandise properties of all time.