INTERPLAY SECURES RIGHTS TO DEVELOP

INTERACTIVE GAMES BASED ON WHITE WOLF'S

EXALTED LICENSE

Irvine, California, May 8, 2003 - Interplay Entertainment Corp. (OTCBB:IPLY) and White Wolf Publishing, Inc. ("White Wolf") announced today they are joining forces again to develop interactive entertainment projects based on White Wolf's second largest franchise, Exaltedä. The exclusive agreement with White Wolf allows Interplay to develop, publish and distribute interactive entertainment games based on the characters and fiction from the hugely popular pen and paper fantasy role-playing game and the unique art style of the Age of Sorrowä universe on which it is based. Announcements regarding specific platforms and features will be released in the weeks ahead.

"White Wolf's entertainment properties include some of the most widely recognized role-playing adventures in the world," stated Jim Molitor, Vice President of Product Development for Interplay. "We recognize the enormous following of this franchise and look forward to bringing our gaming expertise to the Exalted license. We have secured the newest offering from White Wolf, which does extremely well from a popularity standpoint. The premise and richness of the Exalted property make it uniquely suited for translation onto the next-generation video game systems."

"We are very happy to be partnering with Interplay again," stated Mike Tinney, President of White Wolf. "Interplay is a proven industry leader, and we are confident that they will create a gameplay experience that both novice gamers and hard-core fans will enjoy." Interplay and White Wolf teamed up in 2002 to bring the Hunter: The Reckoning® role-playing franchise to next generation consoles.