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PSP™ VALUE PACK TO BECOME AVAILABLE ON DECEMBER 12, 2004 AT 24,800 YEN IN JAPAN

Tokyo, October 27, 2004 - Sony Computer Entertainment Inc. (SCEI), announced today that it would release PSPTM Value Pack (PSP-1000K) on December 12, 2004 at a recommended retail price of 24,800 yen excluding tax (26,040 yen including tax) for the Japanese market.

PSP Value Pack contains the new handheld video game system PSP, AC adaptor, battery pack, Memory Stick Duo (32MB), headphone with remote control (for PSP), and soft case & hand strap (for PSP) in one box, and is offered at an attractive and affordable price.

With PlayStation, PlayStation 2 and PSP, SCEI will continue to expand the market and create a new world of computer entertainment.

PSPTM Value Pack (PSP-1000K) Product Information

Product Name PSPTM Value Pack

Product Code PSP-1000K

Recommended Retail Price 24,800 yen (26,040 yen tax inclusive)

Included

PSPTM hardware

AC adaptor (for PSPTM)

Battery pack (for PSPTM)

Memory Stick DuoTM

Headphone with remote control (for PSPTM)

Soft case and hand strap (for PSPTM)

About Sony Computer Entertainment Inc.

Recognized as the global leader and company responsible for the progression of consumerbased computer entertainment, Sony Computer Entertainment Inc. (SCEI) manufacturers, distributes and markets the PlayStation® game console and PlayStation®2 computer entertainment system. PlayStation has revolutionized home entertainment by introducing advanced 3D graphic processing, and PlayStation 2 further enhances the PlayStation legacy as the core of home networked entertainment. SCEI, along with its subsidiary divisions Sony Computer Entertainment America Inc., Sony Computer Entertainment Europe Ltd., and Sony Computer Entertainment Korea Inc. develops, publishes, markets and distributes software, and manages the third party licensing programs for these two platforms in the respective markets worldwide. Headquartered in Tokyo, Japan, Sony Computer Entertainment Inc. is an independent business unit of the Sony Group.

PlayStation and the PlayStation logo and UMD are registered trademarks of Sony Computer Entertainment Inc.

PSP is a trademark of Sony Computer Entertainment Inc. All other trademarks are property of their respective

owners.

Memory Stick Duo is a trademark of Sony Corporation.

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