KONAMI ANNOUNCES TEENAGE MUTANT NINJA TURTLES® 3: Mutant Nightmare™

FOR IMMEDIATE RELEASE

LOS ANGELES - Electronic Entertainment Expo (E3) Booth #800 - May 17, 2005 - Konami Digital Entertainment - America, a division of Konami Digital Entertainment, Inc., today announced Teenage Mutant Ninja Turtles^® 3: Mutant Nightmare^TM (TMNT3) for the PlayStation^®2 computer entertainment system, the Xbox^® video game and entertainment system from Microsoft, Nintendo GameCube^TM and Nintendo DS^TM. The most in-depth TMNT^TM game to date, TMNT3 introduces a wealth of unique features, including characters that evolve, a new experience point system, improved fighting control and more advanced multiplayer capabilities. As a special bonus, old-school Turtle fans will be able to unlock one of the original TMNT^TM arcade games.

TMNT3 for the PlayStation 2, Xbox and Nintendo GameCube puts more of a focus on teamwork, character development and control than any other console Turtles game to date. Gamers can play as their favorite Turtle alone or with up to three friends, earning experience points along the way as they slash and bash Foot Ninjas and powerful, well-known bosses from the TMNT^TM universe. These experience points allow players to improve and evolve their Turtles' traits and abilities for more varied, powerful attacks and moves. The Ninja Scroll System is another new feature on TMMT3. Being able to select which ninja scrolls to use allows the Turtles to use various special abilities strategically. Cooperative play lies at the heart of TMNT3 and gamers who team up with friends for multiplayer action are rewarded with exclusive features such as Cooperative Attack for even more shell shocking damage to enemies. The effect of this attack changes depending on the number of players working together (between 2-4 players).

For even greater control, TMNT3 features a new combat system called the Target Attack system that lets gamers play more instinctively and strategically. With the Target Attack system, players will be able to lock onto specific enemies and block, dodge or counter attack accordingly for smoother and more maneuverable combat. Story Mode can be played with 1-4 players. Even when you have less than 4 players to play, the other Turtles will be at your side, controlled through AI. All the Turtles can participate in Cooperative Attack to beat enemies and players can give commands to the AI.

TMNT3 for the Nintendo DS utilizes the features of the handheld system for an exciting and unique Turtles experience. A side scrolling melee action game with more than 50 exciting stages, it features the Turtles battling a nightmarish enemy in an effort to save the world from destruction. The emphasis of the game is strategic teamwork. Through each level, players will not only need to defeat enemies, but they will also have to explore and solve challenging puzzles. Playing alone or with friends, gamers will use the touch pad to get help from other Turtles to utilize their unique abilities to overcome obstacles and traps. Additionally, gamers can team up with friends via the Nintendo DS' wireless multiplayer functionality. Along the way, the DS' touch panel will come into play to help gamers solve different puzzles and, during fighting phases of levels, the Turtles will play out epic battles that take place.

Teenage Mutant Ninja Turtles^® 3: Mutant Nightmare^TM is available to play at Konami's E3 2005 booth and will be available for all systems this fall. For more information, go to www.konami.com/gs.

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

About 4Kids Entertainment

Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; television, film, music and home video production and distribution; media planning and buying; product development; and Web site development. For further information, please visit the Company's Web site at www.4KidsEntertainment.com.

® 2005 Mirage Studios, Inc. Teenage Mutant Ninja Turtles^®, TMNT^TM, Mutant Nightmare^TM, Donatello^TM, Leonardo^TM, Michelangelo^TM, Raphael^TM, Shredder^TM, Splinter^TM, April O'Neil^TM and related logos, names, characters and distinctive likenesses thereof are trademarks of Mirage Studios, Inc. unless otherwise noted. All Rights Reserved. "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Xbox is a registered trademark of Microsoft Corporation in the United States and/or other countries. Nintendo GameCube and Nintendo DS are

trademarks of Nintendo.