Tony Hawk’s Pro Skater 3 for the GameCube

FOR IMMEDIATE RELEASE  

ACTIVISION’S TONY HAWK’S PRO
SKATER(tm) 3 SET AS HOLIDAY TITLE FOR THE NINTENDO GAMECUBE(tm)

Highly Anticipated Title Will Be
The Only Skateboarding Game To Launch This Year On The Nintendo GameCube

Santa Monica, CA.  — September 25,
2001  — Activision, Inc. (Nasdaq: ATVI) announced today that Tony Hawk’s Pro
Skater(tm) 3, the eagerly awaited sequel to the best-selling action sports game
of 2000, will be a premier title for the Nintendo GameCube(tm) platform and will
launch on the new game system this holiday season.   Additionally, Tony Hawk’s
Pro Skater 3 will be the only skateboarding game available for the Nintendo
GameCube this fall.

"We are excited to partner with
Nintendo to bring this key franchise to the new platform," states Ron Doornink,
President and COO, Activision, Inc.  "Tony Hawk’s Pro Skater 3 will be one of
the handful of third-party titles available for the Nintendo GameCube this
holiday season.  The game takes full advantage of the hardware’s advanced
technological and graphics capabilities to offer Nintendo consumers a
revolutionary gaming experience."

Tony Hawk’s Pro Skater 3 lets
players once again ride as the legendary Tony Hawk or one of 12 other top
pros.   Building on the franchise’s intuitive control scheme, the game lets
players perform hundreds of tricks and combos in some of the world’s most
popular skate locations including Los Angeles, Canada and Tokyo.  Players
navigate through eight obstacle filled levels that include intelligent traffic
and pedestrians.  The game’s all new goals and rewards system offer hours of
endless challenges. 

In addition to riding as one of the
greatest pro skaters ever, players can also create their own custom characters
with the game’s robust Create-A-Skate feature.  Choosing from hundreds of
options, players can customize the look for each character by choosing height,
weight, skin tones, accessories and tattoos.  

Tony Hawk’s Pro Skater 3 is rated
"RP" ("Rating Pending") and will carry a suggested retail price of $49.99.

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.###