LADYDRAGON.COM - INTERPLAY OEM, INC. AND GRIN ANNOUNCE EXCLUSIVE OEM DISTRIBUTION AGREEMENT

Monday January 21, 2002

INTERPLAY OEM, INC. AND GRIN ANNOUNCE EXCLUSIVE OEM DISTRIBUTION AGREEMENT

Interplay OEM to Distribute Titles for Worldwide Bundling & Premium

Interplay OEM, Inc., a wholly owned subsidiary of Interplay Entertainment Corp. (NASDAQ: IPLY) announced today a worldwide Original Equipment Manufacturer (OEM) and Premium distribution agreement with Sweden based GRIN Inc. The agreement gives Interplay OEM, Inc. worldwide OEM and premium distribution rights on published titles from GRIN. Included is the breathtaking GeForce3(tm)-enhanced racing game, Ballistics(tm).

"One of our goals as a company is to work with the industry's best developers who focus on technology-driven titles that push the gamers' limits," said Jill Goldworn, President of Interplay OEM, Inc. "GRIN's success is based on their ability to produce original, innovative and high quality products and we are very pleased to represent them to the global hardware community and the promotions industry, worldwide."

"Having created Ballistics - the fastest game on earth, GRIN is happy to see it is going to be accessed by so many high-end gamers purchasing new hardware in the year to come. We trust Interplay OEM as our partner to utilize their specific knowledge of the OEM market and with Ballistics deliver added value to their clients' products," said Bo Andersson, Chief Executive Officer, GRIN Inc.

About GRIN

GRIN Inc, Stockholm Sweden, is a game developer bringing forth games on the PC and Xbox. GRIN has been working closely with NVIDIA Inc. to utilize their latest GeForce series of cards in all of GRIN's present and upcoming games. Specializing in pixel and vertex-shader technology, GRIN raises the value of high-end hardware with high-end games.

About Interplay OEM, Inc.

Founded in 1992 as a division of Interplay Entertainment Corp. and spun off into a wholly owned subsidiary of Interplay in 1996, Interplay OEM, Inc. is an industry leader, representing and distributing entertainment software from distinguished publishers to both the computer hardware community and the premiums industry worldwide. Their publisher list includes such notables as Fox Interactive, Interplay Entertainment Corp., LucasArts Entertainment Co., Shiny Entertainment, Titus Software and Virgin Interactive Entertainment, Ltd.
http://www.ipoem.com