KONAMI ANNOUNCES HIGHLY-ANTICIPATED
METAL GEAR SOLID® 3 FOR SONY PLAYSTATION®2

World-renowned Game Creator, Hideo Kojima
Gives Gamers a Sneak Peek at His Latest Masterpiece at
Electronic Entertainment Expo 2003

FOR IMMEDIATE RELEASE

Electronic Entertainment Expo Booth #900 - May 14, 2003 - Los Angeles, CA - Konami of America, Inc., a subsidiary of Konami Corporation (NYSE: KNM) today announced that the third game in its legendary stealth/action series, Metal Gear Solid®, will appear on the Sony PlayStation® 2 computer entertainment system. Entitled, Metal Gear Solid® 3 Snake Eater, this game is poised to break new ground in the action genre. Developed by celebrated creator Hideo Kojima and his award-winning development team at Konami Computer Entertainment Japan, Metal Gear Solid® 3 Snake Eater introduces a whole new level of depth, gameplay and plot twists to the legendary franchise. Metal Gear Solid®3 Snake Eater will be unveiled at the Electronic Entertainment Expo 2003 in Los Angeles, California on May 14 to 16, 2003.

With the release of Metal Gear Solid® 3 Snake Eater, PlayStation® 2 owners will once again dive into a spectacular world of espionage with new, highly detailed levels and characters, an arsenal of deadly weapons, vengeful adversaries, stunning plot twists and fully interactive environments.