Acclaim Enters into Exclusive Global Publishing Agreement

Next-Generation Title to Be Announced in 2004

GLEN COVE, NY, December 22, 2003 - Acclaim Entertainment, Inc. (NASDAQ.SC: AKLM), today announced that it has entered into an exclusive global publishing agreement with Reno-based developer BattleBorne Entertainment, Inc. for their soon-to-be announced video game for the next-generation gaming systems. Comprised of former members of the celebrated Fallout 2, Baldur's Gate: Dark Alliance and Tom Clancy's Ghost Recon teams, BattleBorne is currently utilizing the critically acclaimed Snowblind Studios technology and their own proprietary tools to develop the game.

"We are very pleased to enter into this publishing agreement with BattleBorne," said Rod Cousens, Chief Executive Officer of Acclaim. "We're confident that consumers will be equally excited when we unveil the game next month on our web site."

"Acclaim's aggressive and forward-thinking approach to the industry made them the obvious choice to work with," added James Kosta, President of BattleBorne Entertainment, Inc. "BattleBorne has been hard at work on this title since 2002 and we believe that our technology, combined with that of Snowblind Studios, is going to impress everyone who sees the game."