BUENA VISTA GAMES TO ACQUIRE AWARD-WINNING CLIMAX RACING

Addition of UK Studio Furthers Buena Vista Games’ Commitment to Quality and

Creativity

BURBANK, Calif. and LONDON — (September 28, 2006) — Buena Vista Games, Inc.

(BVG), the interactive entertainment affiliate of The Walt Disney Company

(NYSE: DIS), today announced the acquisition of the award-winning Climax

Racing from Climax Group Ltd. The studio is of both strategic and geographic

importance to BVG as it becomes the third internal studio, and the first in

Europe, that BVG has added to its development capacity. BVG currently

operates development studios in Vancouver, British Columbia (Propaganda

Games), and Salt Lake City, Utah (Avalanche Software). The addition of

Climax Racing allows BVG to create triple-A racing titles that meet the

highest standards for creativity and quality. Terms of the deal are not

being disclosed. The deal is expected to close in early October.

“The acquisition of Climax Racing aligns perfectly with our strategic and

geographic goals by allowing us to both reach into new genres and new

markets for creative talent," said Graham Hopper, senior vice president and

general manager, Buena Vista Games. “Adding Climax Racing to our creative

family will provide an additional catalyst for our continued growth in the

video games market."

“As a premier, award-winning studio that has created some of the best racing

titles of all time, Climax Racing is an ideal component of BVG’s expanding

portfolio of development talent," said Karl Jeffery, founder and chief

executive officer of Climax.

Climax Racing is known as a leading developer of racing games, including its

critically-acclaimed work on the best-selling franchises “MotoGP" and “ATV

Offroad(R) Fury." The studio and its products have won or been nominated for

dozens of awards, including winning four IGN “Best of Show" awards at E3

2006.

Tony Beckwith, co-founder of the studio, has been named vice president and

general manager of Climax Racing as it continues its creative direction

under BVG. Climax Racing is based in Brighton, England, and employs more

than 100 talented video game artists, programmers and designers.

“The Walt Disney Company holds one of the largest and most exciting

portfolios of intellectual property in the world, and through BVG, we look

forward to having access to the company’s deep resources in the video games

space to continue creating remarkable interactive entertainment," said

Beckwith. “This promises to be a mutually beneficial relationship and we

believe that together we will make outstanding games for the next generation

and beyond."

Being a Nintendo site, we thought it would interesting to note that the last game Climax Racing developed for the GameCube was Speed Kings, a typical multi-platform racing game published by Acclaim (remember them?) in May 2003. But hey, Buena Vista could put them to work on a Wii game down the road. You never know.