December 20, 2004 01:00 AM Eastern Time 

EA Holding AB Changes Condition of Its Offer to the Shareholders of Digital Illusions

EA to Complete the Offer When Reaching More Than a 50% Acceptance Level and Extend to January 20, 2005

EA Holding AB (EA) (Nasdaq:ERTS) today confirmed its decision to change one of the conditions for the offer to the shareholders of Digital Illusions CE AB (publ) ("DICE") and to extend the acceptance period.

The acceptance period for EA's offer to the shareholders of DICE, made on November 15, 2004, expired on December 16. As the calculation of outcome of the offer now has been made, it can be confirmed that shareholders with a total of 2,587,294 shares in DICE, including 1,517,587 shares that the second largest shareholder Bonnier & Bonnier AB and DICE employees with significant shareholdings have undertaken to sell, have accepted EA's offer. This corresponds to 25.6% of the outstanding capital and votes in DICE. Together with the 18.9% of the outstanding capital and votes currently held by EA, this would give EA today control of 4,498,697 shares, representing 44.5% of the outstanding capital and votes in DICE. As a result, the offer has not yet been accepted to such an extent that EA has become the owner of more than 90% of the total number of shares representing more than 90 percent of the votes in DICE, which was a condition for the implementation for the offer.

EA today changes the condition above and conditions the offer upon an acceptance level through which EA would become the owner of more than 50% of the total number of shares representing more than 50% of the capital and votes in DICE after dilution upon exercise of employee warrants outstanding under the option program launched in 2002. As a consequence of this, the acceptance period is extended to January 20, 2005.

The offer of SEK 61 in cash per share remains. The other terms and conditions of the offer remain in effect during the extension period. Assuming that EA completes the offer on January 26, 2005, payment is expected to be distributed beginning on or about January 27, 2005.

EA reserves the right to acquire additional shares in DICE in the market.

The Board of Directors of DICE has in a statement on November 15, 2004, unanimously recommended the shareholders to accept EA's offer of SEK 61 per share. Nordea Corporate Finance has issued a fairness opinion to the Board of Directors of DICE, stating that the offer is fair from a financial point of view.

If any questions, contact Electronic Arts Director of Investor Relations Tricia Gugler 650-628-7327. For media questions, contact EA Communications Director Europe, Tiffany Steckler +44 1932 450 703.

About Electronic Arts

Electronic Arts (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company. Founded in 1982, EA posted revenues of USD 2.96 billion for the fiscal year ended March 31, 2004. The company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers and the Internet. In 2003, EA had 27 titles that sold more than one million copies. EA markets its products under three brand names: EA SPORTS(TM), EA GAMES(TM) and EA SPORTS BIG(TM).

For more information, visit EA's homepage and online game site at http://www.ea.com.

About Digital Illusions

Founded in 1992, Digital Illusions is an award-winning developer of interactive entertainment based in Stockholm, Sweden, with offices in New York and London, Ontario Canada. The company has more than 200 employees and develops games in basically all existing platforms. Recent titles include Battlefield 1942 (elected Game of The Year) and Battlefield Vietnam for Electronic Arts, RalliSport Challenge 1 & 2 for the Microsoft Xbox. Digital Illusions' Series A share is listed on Nya Marknaden (an unofficial marketplace where smaller companies' shares can be traded in the Stockholm Stock Exchange's trading system, SAXESS) under the symbol DICE A.

For more information, visit Digital Illusions' homepage at http://www.dice.se.

This offer is not directed to persons whose participation requires a further prospectus, registration or measures other than those required under Swedish law.

The press release may not be distributed or released in any country in which distribution or the offer requires measures as stated in the preceding paragraph or is in contravention of the rules in such a country.

This announcement is a translation of the Swedish announcement and in the event of any difference between the two, the Swedish announcement will prevail.

Forward Looking Statements

Some statements set forth in this release contain forward-looking statements that involve risks and uncertainties. Statements including words such as "anticipate", "believe", "expect" or "hope" and statements in the future tense are forward-looking statements. These forward-looking statements are subject to business and economic risks and actual events or actual future results could differ materially from those set forth in the forward-looking statements due to such risks and uncertainties. Some of the factors which could cause EA's or DICE's results to differ materially from expectations include the following: the possibility that EA's acquisition of DICE will not be completed or that the completion may be delayed; the reaction of EA's and DICE's customers to the acquisition; EA's ability to successfully integrate DICE's operations and employees; the timely development and release of EA's or DICE's products; the seasonality and cyclical nature of the interactive game segment; EA's or DICE's ability to predict consumer preferences among competing hardware platforms; EA's ability to secure licenses to valuable entertainment properties on favorable terms; the highly competitive nature of the interactive entertainment industry; consumer spending trends; EA's or DICE's ability to attract and retain key personnel; changes in effective tax rates; adoption of new accounting regulations and standards; potential regulation of EA's or DICE's products in key territories; developments in the law regarding protection of our products; fluctuations in foreign exchange rates; and other factors described in EA's Annual Report on Form 10-K for the year ended March 31, 2004 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2004. Neither EA nor DICE intend to update these forward-looking statements.