KONAMI ANNOUNCES METAL GEAR AC!D2

LOS ANGELES - Electronic Entertainment Expo (E3) Booth #800 - May 17, 2005 - Konami Digital Entertainment - America, a division of Konami Digital Entertainment, Inc., today announced the next installment in its critically acclaimed Metal Gear series, Metal Gear Ac!d 2 for the PlayStation^®Portable (PSP^TM) handheld entertainment system of Sony Computer Entertainment Inc. ( SCEI ). The Metal Gear Ac!d series combines the world of the Metal Gear Solid series with an intellectually-driven, tactical stealth card game. Players use action and weapon cards to guide Solid Snake through a barrage of missions while utilizing strategic thinking and planned out tactical maneuvers to accomplish the mission objectives. Through Metal Gear Ac!d 2's unique card-based game design, it leverages the portability of the PSP^TM and provides gamers with a classic Metal Gear experience whenever and wherever they choose.

"Metal Gear Ac!d 2 is a new addition in the Metal Gear series created for the PSP^TM handheld entertainment system. The series will continue to progress as a strategy game," said Hideo Kojima, corporate officer of Konami Corporation. "Metal Gear Ac!d is different from the established Metal Gear Solid series, and features cool, innovative playing elements that are the hallmark of handheld gaming systems. We plan to continue evolving the series, so I hope everyone - from those experiencing the world of Metal Gear for the first time, to fans who've come to love our series - will try out Metal Gear Ac!d 2 !"

Created by Kojima Productions and headed by the world-renowned game creator Hideo Kojima, Metal Gear Ac!d 2 incorporates a completely new graphics engine which provides innovative on-screen imagery. The game features brighter, more colorful, comic book-style visuals, which dynamically enhance the impact of the card effects. In addition, all-new action scenes have been added to the gameplay, providing even more exhilaration and suspense to the game. The completely original story fuses the rich world of the Metal Gear series with Acid's exclusive gameplay mechanics. Metal Gear Ac!d 2 delivers more than twice the adventure and strategy experience compared to the previous release.

To help first-time players familiarize themselves with the world of Metal Gear Ac!d, a new tutorial stage has been added, including a hands-on introduction to the extensive card system and other gameplay elements. The game's interface has also been refined as players can now build strategies more intuitively, choose more card types than the previous installment and engage in more highly strategic, tactical battles.

Metal Gear Ac!d 2 unleashes a whole host of hidden advanced features, including showdowns with a succession of the most popular characters from the Metal Gear series, and much more. Updates will be posted periodically on the following website: Kojima Productions Official Home Page: http://www.konami.jp/kojima_pro/

About Konami Corporation

Konami Corporation is a leading developer, publisher and manufacturer of electronic entertainment properties, specializing in the home video game market. Konami Corporation's action and adventure titles include the popular franchises Metal Gear Solid^®, Silent Hill^® and Castlevania^®, among other top sellers. The latest information about Konami can be found on the Web at www.konami.com. Konami Corporation is a publicly traded company based in Tokyo, Japan with subsidiary offices, Konami Digital Entertainment, Inc. in the US and Konami of Europe in Frankfurt, Germany. Konami Corporation, the parent company of Konami Digital Entertainment, Inc. is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details of the products published by Konami Digital Entertainment - America can be found at www.konami.com/gs.

METAL GEAR^® and Metal Gear Acid^TM are either registered trademarks or trademarks of KONAMI COMPUTER ENTERTAINMENT JAPAN, INC. ® 1987 2005 KONAMI COMPUTER ENTERTAINMENT JAPAN. "PlayStation" is a registered trademark and "PSP" is a trademark of Sony Computer Entertainment Inc.