ACTIVISION’S Z-AXIS MOVES HEADQUARTERS TO FOSTER CITY TO ACCOMMODATE EXPANSION PLANS: Gaming News

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ACTIVISION’S Z-AXIS MOVES HEADQUARTERS TO FOSTER CITY TO ACCOMMODATE EXPANSION PLANS

(Press Release)

Santa Monica, CA – February 10, 2005 -- Z-Axis, Ltd., a subsidiary of Activision, Inc. (Nasdaq: ATVI), announced today that the company has moved its headquarters from Hayward, CA to Foster City, CA in order to facilitate the studio’s expansion needs.

Z-Axis has leased a 23,000 square foot space, which will house a state of the art game design studio. In the next 12 months, Z-Axis expects to increase its staff from 90 to 140, and is currently looking to hire artists, programmers, producers, animators and game designers to work on current and next-generation console games.

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“We are very excited to move our studio to Bayside Towers and expect that the new facility will enable us to accommodate all of our growth needs,” said Craig Alexander, vice president and general manager, Z-Axis. “We currently have two high-profile games in development based on popular comic book characters and the additional space will allow us expand both of our teams, as well as to ramp up for pre-production on some exciting new projects.”

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Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Scandinavia, Spain 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.