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City of Heroes Update

(Press Release)

AUSTIN, Texas, March 22, 2004—NCsoft® Corporation (KSE: 036570.KS) the world’s leading developer and publisher of online computer games has updated beta testing plans for its highly anticipated online computer game, City of Heroes™ created by San Jose-based, Cryptic Studios™.

For the next two-and-a-half weeks, NCsoft will be inviting customers who have purchased the City of Heroes pre-order box into the beta test. All customers who have registered their pre-order box accounts will be included in the beta by April 7, 2004.

“We want to make sure that people understand that purchasing the pre-order box at retailers around the country and in Canada guarantees entry into the open beta,” said Michael Lewis, president of Cryptic Studios. “Customers will get a chance to try City of Heroes and pick up a bonus in-game power that is exclusive to the pre-order product.”

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Each package will come with a special in-game “prestige power” unique to each retail version of the pre-sale box. Only people who pre-order the game will receive access to one of these powers. Each box also comes with a digital version of the limited-edition City of Heroes preview comic book.

City of Heroes is the first massively multiplayer online game featuring a modern, comic book-inspired setting. The game takes place in

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a virtual world where players create their own super-powered heroes and fight crime in the sprawling, villain-filled metropolis of Paragon City.

For more information on City of Heroes, fans can visit the newly designed City of Heroes website, http://www.cityofheroes.com. The new site offers countless pages of information about the game including screenshots, background on the heroes and villains who live in Paragon City and details on the soon-to-be-released City of Heroes comic book which will be available soon to subscribers of the game and at comic book stores.

About NCsoft Corporation
Headquartered in Seoul, South Korea, NCsoft Corp. is the world’s leading developer and publisher of online games. Founded in 1997, NCsoft is home to Lineage®, the world’s most successful online role playing game. NCsoft has joint venture offices located in Japan, Taiwan, and China. In fiscal year 2003, NCsoft posted revenues of KRW166.5 billion or approximately US$143 million. More information about NCsoft can be found at http://www.ncsoft.net.

About NCsoft – North America

NCsoft – North America (NC-NA) is headquartered in Austin, Texas and is part of Korea-based NCsoft Corporation. NC-NA, with development and administrative offices in Texas and California, is preparing to launch two ground-breaking titles in the first half of 2004. The company also works with NCsoft subsidiary ArenaNet™ (located in Seattle, WA) and third party developers throughout North America to develop and publish innovative online entertainment software products. More information about NCsoft – North America can be found at http://www.PlayNC.com.

About Cryptic Studios

Cryptic Studios, Inc., located in San Jose, California, was established in July of 2000 and is an independent developer of massively multiplayer online games for the PC and next generation consoles. Its first game, City of Heroes, is currently in development and will launch a virtual world where thousands of people play simultaneously, take on the role of superheroes, fight villains and help create a dynamic story in a visually-stunning, 3-D graphical world.