Burnout 2: Point of Impact on the PS2

ACCLAIM ENTERTAINMENT, INC. RACES BACK TO RETAIL THIS FALL WITH 'BURNOUT(tm) 2: POINT OF IMPACT' ON THE PLAYSTATION®2 COMPUTER ENTERTAINMENT SYSTEM

Award-Winning Arcade Driving Franchise Returns with All-New Tracks, Cars, Secret Game Modes and Even More Realistic Crashes

E3, LOS ANGELES, CA, May 22, 2002 - Returning to the streets in what promises to be the most adrenaline-filled arcade driving game of the forthcoming holiday season, Acclaim Entertainment, Inc. (NASDAQ: AKLM) today announced that it will release Burnout(tm) 2: Point of Impact this fall on PlayStation®2 computer entertainment system. Created by Criterion Games Limited, Burnout 2: Point of Impact is the eagerly anticipated sequel to the award-winning racing game that was praised by consumers and the media for its realistic and dangerous handling and most importantly, its outrageous crashes.

"Burnout 2: Point of Impact builds upon the global success of its predecessor and delivers an entirely new gameplay experience that will raise the standard in the genre," said Tom Bass, Senior Brand Manager. "The cars are faster, the tracks more expansive and the potential for danger has never been higher; this will be the racing game of the 2002 holiday season."

Several American films inspired Burnout 2: Point of Impact, including "The Fast And The Furious," "Bad Boys" and "Speed." In addition, Burnout 2: Point of Impact will offer a broad array of features such as:

• Six exciting new United States-inspired locations, including Los Angeles, The Rocky Mountains, New Mexico and a busy international airport;
• Thirty-two new stages to drive;
• Fourteen all-new vehicles to race;
• Seven secret vehicles to unlock including police cars, 1950's hotrods and stock cars;
• Realistic weather effects, such as snow, rain and fog;
• Point-to-point races;
• All-new points-based championship gameplay structure;
• Offensive Driving 101, where you can "Learn to Burn" from the Burnout Driving School;
• All-new Pursuit races, allowing players to race a police car and ram opponents off the road
• Vehicles can get air and earn boosts by jumping;
• Incredible all-new car crash and vehicle deformation system - tear up the traffic;
• New Custom Series Mode - race modified vehicles complete with body kits and decals;
• Awesome in-game soundtrack to help keep players rocking and racing;
• Intelligent traffic system, featuring three distinct types of driver behaviors;
• Unique new next-generation graphical effects - unrivaled on PS2;
• Vibration enabled controller compatibility, letting players feel every turn and crunch of the car.

Burnout 2 Point of Impact will be available this fall for the PlayStation®2 at suggested retail prices to be determined. For more information on this game, please visit www.acclaim.com. Acclaim's complete showcase of products will be featured at E3 in Los Angeles, CA at booth #1046 in the South Hall.

Criterion Software and Criterion Games Background Information

Founded in 1993, Criterion Software is a rapidly expanding organization, which currently employs over 180 people in its software technology and game development divisions. The company is headquartered in Guildford UK, and has offices in Tokyo, Austin, Paris and Derby. Criterion Games is an established studio that develops hit video games for a worldwide audience. In 2001 Criterion developed 2 major titles for PlayStation 2, Burnout(TM) published by Acclaim Entertainment and Airblade(TM) published by Sony Computer Entertainment Europe and Namco Hometek. The company is currently working on a number of as yet undisclosed new games for 2003 and beyond. Further information on Criterion Games can be found at http://www.criteriongames.com.

About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation as well as personal computer hardware systems. Acclaim owns and operates six studios located in the United States and the United Kingdom which includes a motion capture and recording studio in the U.S., and publishes and distributes its software through its subsidiaries in North America, the United Kingdom, Germany, France, Spain and Australia. The Company uses regional distributors in Japan and the Pacific Rim. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines from time to time to support its time valued brands, Turok and Shadow Man. Acclaim's corporate headquarters are in Glen Cove, New York and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at http://www.acclaim.com.