Tony Hawk’s Pro Skater 3 for PS2 and PSX Ship

ACTIVISION’S TONY HAWK’S PRO SKATER™ 3 FOR PLAYSTATION®2 COMPUTER
ENTERTAINMENT SYSTEM DROPS ONTO NORTH AMERICAN RETAIL
shelves

Game Receives Perfect Scores from Three Top
Gaming Outlets

Santa Monica,
CA.  – November 1, 2001  —  Activision Inc.’s (Nasdaq: ATVI)  highly
anticipated holiday game Tony Hawk’s Pro Skater™ 3 for the
PlayStation®2 computer entertainment system has dropped onto North American
retail shelves.  Early reviews indicate that the game is on track to continue
its winning run having scored 10 out 10 by PlayStation Magazine, 5 out
of 5 from Official PlayStation Magazine and a perfect 10 from top
online site GameSpot.com.  Tony Hawk’s Pro Skater™ 3 for
the PlayStation 2 computer entertainment system is rated “T” (Teen – with
blood, mild lyrics and suggestive themes) and carries as suggested retail
price of $49.99.  The title is also available for the PlayStation® game
console and is rated  “E” (Everyone – with mild lyrics and violence)  with a
suggested retail price of $39.99.

Tony Hawk’s Pro Skater 3 is the revolutionary sequel to the
best-selling sports game of 2000.  Featuring eight
massive levels filled with people, traffic, and other interactive
elements, the game’s environments are brought to life with richer graphics and
advanced special effects.  Smoother life-like animations and significantly
improved tricks capture the style of the world’s best skateboarding pros.
Further improving on the franchise’s intuitive control scheme, the game
allows players to perform tricks and combos in some of the world’s most
popular skate locations including Los Angeles, Canada and Tokyo. 

Players can
also create their own custom characters with the game’s robust Create-A-Skater
feature.  Choosing from hundreds of options, players can customize the look
for each character by choosing gender, height, weight, skin tones, accessories
and tattoos.

Tony
Hawk’s Pro Skater 3 will be
the first online game for the PlayStation 2 computer entertainment system.
Console gamers can log onto the Internet and skate in virtual skateparks with
their friends from around the world. 

Headquartered
in Santa Monica, California, Activision, Inc. is a leading worldwide
developer, publisher and distributor of interactive entertainment and leisure
products.  Founded in 1979, Activision posted revenues of $620 million for the
fiscal year ended March 31, 2001.

Activision
maintains operations in the U.S., Canada, the United Kingdom, France, Germany,
Japan, Australia, and the Netherlands.  More information about Activision and
its products can be found on the company’s World Wide Web site, which is
located at

www.activision.com.

The statements contained in this release
that are not historical facts are “forward-looking statements.”  The Company
cautions readers of this press release that a number of important factors
could cause Activision’s actual future results to differ materially from those
expressed in any such forward-looking statements.  These important factors,
and other factors that could affect Activision, are described in Activision’s
Annual Report on Form 10-K for the fiscal year ended March 31, 2001, which was
filed with the United States Securities and Exchange Commission.  Readers of
this press release are referred to such filings.

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