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UBISOFT RETURNS TO THE RING: ANNOUNCING LEGENDS™ FOR FALL 2004

Ubisoft Signs Exclusive Licensing Agreement with Metro- Goldwyn- Mayer to Publish —Pre-quel“ to the Smash Hit Rocky Videogame for the PlayStation ®2 and Xbox™

Paris, FRANCE œ April 6, 2004 œ Ubisoft, one of the world‘s largest video game publishers, today announced it will release Rocky Legends™ for the PlayStation ®2 computer entertainment system and Xbox ™ as part of an exclusive licensing agreement with MGM Interactive, a Unit of Metro-Goldwyn-Mayer Studios Inc. (NYSE: MGM). Rocky Legends will let players experience the pummelling action and untold backstories that lead up to the events chronicled in the blockbuster Rocky ® movies. Pound the competition as legendary fighters (the Italian Stallion from the streets of Philly), (the Master of Disaster ), (straight out of a Chicago jailhouse) and , (the Iron Fist of mother Russia), rise from their raw beginnings as unproven amateurs toughing it out along the way to their professional careers as boxing champions.

The game is being developed by Venom Games with a team comprised of many individuals who created the highly-acclaimed first Rocky videogame. Rocky Legends will deliver the ideal mix of arcade fun and simulation boxing. The game promises to provide fresh features including new boxers and venues, intuitive gameplay and improved graphics. In addition, the game will be playable online via Xbox LIVE, allowing toe-to-toe matchups and competitive leagues.

Ubisoft is extremely excited to partner Metro Goldwyn Mayer for the next round of Rocky success,“ said Florence Alibert, EMEA Marketing Director for Ubisoft. —With the huge success of the first Rocky video game, I‘m confident Rocky Legends will be a Knock Out for gamers.“

—The ongoing partnership and resulting Rocky Legends video game with Ubisoft is the direct result of commercial and critical success from the first Rocky game,“ said Neil Haldar, Vice President, Production and Business Development, MGM Interactive. —Rocky Legends will again showcase our diversified and successful approach in collaborating with strong partners for our videogame business.“

Rocky Legends is slated to enter the gaming arena this Fall 2004.

ABOUT MGM INTERACTIVE MGM Interactive, a unit of Metro-Goldwyn-Mayer Inc. (NYSE: MGM), manages creative development and production of interactive products for a variety of multimedia platforms, as well as talent and developer relationships. Metro-Goldwyn-Mayer Inc. (NYSE: MGM), through its Metro-Goldwyn-Mayer Studios Inc. subsidiary, is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The Company owns the largest modern film library in the world, consisting of approximately 4,000 titles. For more information on MGM, visit our website at http://www.mgm.com.

ABOUT VENOM GAMES: Venom Games was formed in early 2003 and is comprised of the majority of the team who completed the original highly-acclaimed "Rocky" game for PS2 and Xbox at Rage's former Newcastle Studio.

The team have worked on games for Rage, Ubi Soft, MGM Interactive, Infogrames and Acclaim across many different formats, working closely with a number of OEM clients including NVidia, Creative, ATI and Compaq. The team features a high proportion of highly experienced and dedicated members, the majority of whom have been in the industry for over a decade.

ABOUT UBISOFT: Ubisoft is an international producer, publisher and distributor of interactive entertainment products. A leading company in the multimedia industry, Ubisoft‘s strong and diversified lineup has grown considerably, as has Ubisoft itself. As well as steadfastly continuing to partner with several high-profile companies, Ubisoft has also confirmed its presence on the global market by developing its own exceptional properties. Founded in 1986 in France, Ubisoft is now present on every continent, both through offices in 21 different countries including the United States, Morocco, Germany and China and through sales of products in over 50 countries. The group is dedicated to delivering high-quality, cutting- edge video game titles to consumers around the world. Ubisoft generated a turnover of 453 million euros for the 2002/2003 fiscal year, up 23% over the previous fiscal year. To learn more, visit www.ubi.com

© 2003 Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or other countries. ROCKY & © 1976 - 2004 Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved.

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