CAPCOM® RELEASES AUTO MODELLISTA FOR XBOX™

CAPCOM® QUALIFIES FOR THE POLE POSITION WITH AUTO MODELLISTA™ FOR XBOX™ AND XBOX™ LIVE

SUNNYVALE, Calif. — January 20, 2004 - Capcom®, a powerhouse in the multi-billion dollar video game industry, today announced the release of Auto Modellista™ forthe Xbox™ video game system from Microsoft. The first cel-shaded racing game of its kind for the Xbox, Auto Modellista is a masterpiece of graphical ingenuity and design that has been created with Xbox™ Live functionality in mind. Up to eight players arenow able to race against each other, trade customized cars and utilize voice chat online. Auto Modellista is rated ‘E’ for everyone by the ESRB (Entertainment Software Rating Board) and is now available at retailers across North America.

Auto Modellista is designed to encapsulate the intensity and immediacy of the arcade racing experience, allowing players to customize real-world cars and acquire essential components to improve handling, speed, ride and appearance. Licenses from world-renowned carmakers including Mazda, Honda, Toyota, Nissan, Mitsubishi, Subaru and now a host of American muscle car manufacturers combine to create the ultimate cel-shaded racing extravaganza. Feel the rush of speed as you tear past the spectators; maneuver your way through tight mountain passes and round each corner of the racing track in the ultimate dream car. In addition, gamers will experience the true essence of the street racing culture and the high octane online thrills of Xbox Live.

Auto Modellista will include the following features:

• Xbox Live compatibility – players will be able to race with seven other gamers and chat online using the Xbox Live network.

• Innovative Graphics – A totally new visual presentation that captures the true essence of racing,a new 3-D cel-shaded art style is implemented that gives a fresh look to the genre. The sense of speed tearing the air apart and the impact of tires grabbing the pavement are stunningly reproduced.

 • Choose from an enormous selection of world-renowned vehicles from Mazda, Honda, Toyota, Nissan, Mitsubishi and Subaru.

• Speed through diverse courses – Auto Modellista showcases numerous environments including racing circuits, cityscapes and mountain passes with an entirely new approach.

• Choose an array of Capcom decals and dress up your car with your favorite characters

• Easily Customizable - Vivid colour schemes and a wide array of options allow players to create incredibly unique car designs. Players can change tires, brakes, suspension, turbinekit, muffler, transmission and more. By adding various parts such as mirrors, wheels and decals players can equally modify the appearance of the cars. • Four different game modes

• Xbox Live mode – Up to eight players can race and chat online

• SinglePlayer Mode – Customise your own car and participate in various races

• Arcade Mode – Split screen, two player head-to-head mode

 • VJ Mode – Record, edit and apply various effects to your previous races to capture all the highlights of performance racing and store them online

 • Sheer intensity - Auto Modellista captures the adrenaline packed intensity of racing.

This game is simply a must for the insatiable car enthusiast who strives to achieve unadulterated speed

Capcom is a leading worldwide developer, publisher and distributor of interactive entertainment. Founded in 1983, the company has created world renowned franchises including Resident Evil, Street Fighter, Mega Man, Breath of Fire, Devil May Cry and the Onimusha series. Headquartered inOsaka, Japan, the company maintains operations in the U.S., United Kingdom, Germany, Tokyo and Hong Kong. More information about Capcom and its products can be found on the company’s web site at www.capcom.com .

About Xbox Xbox http://www.xbox.com/  is Microsoft’s future-generation video game system that delivers the most powerful games experiences ever. Xbox empowers game artists by giving them the technology to full fill their creative visions as never before, creating games that blur the lines between fantasy and reality. Xbox is now available in the continents of North America, Europe, Asia and Australia.

About Xbox Live Xbox Live is the first comprehensive, online gaming arena fully dedicated to fast-action broadband gaming experiences. Xbox Live will allow gamers to play multiplayer Xbox games with other gamers everywhere via a high-speed Internet connection. With a built-in hard drive and Ethernet port, the Xbox console was built from the ground up to be an online gaming system.

Xbox Livewill enable all gamers to find and play with their friends easily, talk to other players during game play through the Xbox Communicator headset, and download current statistics, new levels and characters to their Xbox hard drive. ###

Capcom, Street Fighter, Mega Man and Resident Evil are registered trademarks of Capcom Co., Ltd. Onimusha, Devil May Cry and Breath of Fire are trademarks of Capcom Co., Ltd. Xbox and Microsoft are trademarks of Microsoft Corp. All other marks are the property of their respective holders.

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