KONAMI ANNOUNCES METAL GEAR SOLID 3: SUBSISTENCE™ FOR PLAYSTATION 2

New Online Mode Changes the Stealth Dynamics of the Metal Gear World

LOS ANGELES - Electronic Entertainment Expo (E3) Booth #800 - May 17, 2005 - Konami Digital Entertainment - America, a division of Konami Digital Entertainment, Inc., today announced Metal Gear Solid 3: Subsistence^TM for the PlayStation^®2 computer entertainment system. Metal Gear Solid 3: Subsistence^TM is the enhanced edition of the smash-hit action game Metal Gear Solid 3: Snake Eater^TM, including all-new game modes such as the long-awaited addition of online gameplay, new duel mode, different camera perspectives, a demo theater mode and the original Metal Gear and Metal Gear 2: Solid Snake games. Subsistence will draw gamers deeper into the world of Metal Gear Solid 3, with its immersive new content and action-packed gameplay.

For the first time in the history of the Metal Gear franchise, the game now provides an online gameplay environment. In the new "Online Mode", gamers can choose their mission and rules, including "Team Battle" and "Snake and Enemy" (one person becomes Snake and the other person blocks out his mission), and then fight it out online. This new mode also brings the classic Metal Gear Solid combat elements into online play, such as the "Close Quarters Combat (CQC)" proximity encounters, stealth and sniping.

"The addition of the online battle mode to Metal Gear Solid 3: Subsistence^TM offers a wealth of new possibilities for Metal Gear Solid." said Hideo Kojima, corporate officer of Konami Corporation. "This game also contains the milestone game Metal Gear. I hope that through this title, gamers will be able to follow the route we have taken at Kojima Productions, and that they enjoy the flow of the story that runs through the series."

Metal Gear Solid 3: Subsistence^TM has also added the option of the "Third Person View Camera" for every stage of the game. This wider field of vision and complete freedom of movement brings an incredible sense of realism to the game. Gamers will have an easier time spotting enemies on-screen and preparing for their next stealth maneuver.

Metal Gear Solid 3: Subsistence^TM also contains the original versions of Metal Gear and Metal Gear 2: Solid Snake that were previously released only in Japan for the MSX2 game console. These titles, based on the concept of infiltrating the enemy base using stealth tactics, rather than eliminating all of your enemies, were an innovative take on the action genre, proposing an entirely new approach to gameplay. Metal Gear Solid 3 is set in the 1960's, before the events of the MSX2 titles. Bringing Metal Gear and Metal Gear 2: Solid Snake to the PlayStation^®2 computer entertainment system gives gamers more information about the storyline in what happens following the events of Metal Gear Solid 3.

New stages have also been added to the popular "Snake vs. Monkey" mode (staring Snake and the beloved Ape Escape^® monkeys). Players who complete the entire game will also unlock a variety of new modes, including "Duel Mode" (a mode that allows gamers to replay all boss battles), and "Demo Theater" (where gamers can alter Snake's face paint and camouflage, and view movies starring their own unique Snake character).

The Metal Gear Solid series has continued to evolve over time, from the original MGS to MGS Integral, MGS 2 Sons of Liberty to MGS 2 Substance, and now finally MGS 3 Snake Eater to MGS 3 Subsistence. Subsistence continues to keep the world of Metal Gear Solid 3 alive in the online world. Metal Gear Solid 3: Subsistence also marks the establishment of "Kojima Productions," Mr. Kojima's acclaimed new development group. For more information, please visit the Kojima Productions Official Homepage: 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

® 1987 2005 KONAMI METAL GEAR SOLID ^® SUBSISTENCE ^TM. "PlayStation" and "Ape Escape" are registered trademarks of Sony Computer Entertainment Inc.