KONAMI ANNOUNCES SHAMAN KING™: MASTER OF SPIRITS 2

LOS ANGELES - Electronic Entertainment Expo (E3) Booth #800 - May 17, 2005 - Konami Digital Entertainment - America, a division of Konami Digital Entertainment, Inc., today announced that it will release Shaman King^TM: Master of spirits 2 for Nintendo Game Boy^® Advance in August 2005. Introduced in Japan in 1998, the Shaman King property has become a phenomenal success with more than 20 million comic books and more than 165 million trading cards sold. The third video game in this multi-million dollar franchise, Shaman King: Mater of spirits 2 delivers an all-new exciting, action-packed RPG, where players continue their quest to become the next Shaman King.

The sequel to Shaman King^TM: Master of spirits, players return to the role of Yoh Asakura as they traverse multiple stages filled with perils, enemies and traps in order to stop a diabolical shaman from resurrecting the evil "Guardian of Demons." To assist Yoh in his quest, players can collect the spirits of vanquished opponents and use these spirits to help him in battle. Additionally, they can summon old and new Guardian Ghosts in the battle to defeat the enemies. As players progress, they will build their skills and unlock special moves, combo systems and abilities. Adding to the excitement, gamers can upgrade their spirits and use the enhanced spirit system to negotiate treacherous levels filled with traps!

Shaman King follows the story of Yoh Asakura, a junior high school student hiding an amazing secret. Yoh is a shaman, one of the few who can communicate with ghosts and spirits. Through his powers, Yoh can join forces with another spirit, uniting ghost and human together as one. Yoh teams up with Amidamaru, the spirit of the 600-year old samurai warrior, and with this powerful union, Yoh begins his quest to be crowned Shaman King in the grand tournament, held once every 500 years.

Shaman King: Master of spirits 2 will be on display at Konami's E3 2005 booth May 18 - 20. To learn more about this title, please visit: http://www.konami.com/gs.

About KONAMI CORPORATION

Konami Corporation is a leading developer, publisher and manufacturer of electronic entertainment properties, specializing in the home video game market. Konami Corporation's action and adventure titles include the popular franchises Metal Gear Solid, Silent Hill and Castlevania, among other top sellers. The latest information about Konami can be found on the Web at www.konami.com. Konami Corporation is a publicly traded company based in Tokyo, Japan with subsidiary offices, Konami Digital Entertainment, Inc. in the US and Konami of Europe in Frankfurt, Germany. Konami Corporation, the parent company of Konami Digital Entertainment, Inc. is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details of the products published by Konami Digital Entertainment - America can be found at www.konami.com/gs

About 4Kids Entertainment

Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; television, film, music and home video production and distribution; media planning and buying; product development; and Web site development. For further information, visit the Company's Website at www.4KidsEntertainment.com.

® Hiroyuki Takei

"KONAMI" is a registered trademark of KONAMI CORPORATION. "Master of spirits" are trademarks of Konami Digital Entertainment, Inc. Nintendo Game Boy Advance is a trademark of Nintendo.