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Konami Digital Entertainment, Inc. Acquires Blue Label Interactive

FOR IMMEDIATE RELEASE



LOS ANGELES - June 22, 2006
- Game maker Konami Digital Entertainment, Inc., a top-tier mobile content provider, today announced that the company has entered into a definitive agreement to acquire Blue Label Interactive (BLI). Konami and BLI together plan to enter additional mobile entertainment ventures beyond gaming.

Kazumi Kitaue, Chairman and CEO of Konami Digital Entertainment, commented, "Given the exciting and rapid transformation to 3G wireless transport systems and the related advancements in wireless device computing power, Konami is moving to the next level with the acquisition of BLI. It is our vision that we will blend both online and offline technology elements to creatively develop entertainment and deploy into alternative distribution channels."

"We anticipate that the merger of these two entities will have a synergistic effect on our ability to drive multiple streams of entertainment and infotainment through multiple digital distribution channels. The acquisition of BLI, their technology tools, and programming expertise will guarantee that we remain at the forefront of mobile entertainment while concurrently converging mobile, console, and online content categories."

About Blue Label Interactive, Inc.
Blue Label Interactive, Inc. is a mobile application developer specializing in the creation and deployment of mobile software for the entertainment industry. Through the use of its proprietary mobile toolsets and experienced development team, Blue Label has deployed more than 100 applications across 2,000+ projects for industry leading, mobile game publishers. In addition to mobile game development, Blue Label also facilitates direct-to-consumer distribution initiatives including integration into carrier billing systems and off-deck portals. Founded in 1999, Blue Label Interactive, Inc. is a privately held company located in Los Angeles, California.

About Konami Corporation

Konami Corporation is a leading developer, publisher and manufacturer of digital 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 Digital Entertainment GmbH, Germany, and Konami Digital Entertainment Limited in Hong Kong, China. 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 (NYSE: KNM). Details of the mobile products published by Konami Digital Entertainment, Inc. can be found at www.konami.com/mo.

Media Contacts:
Konami Digital Entertainment
Mobile Group
Cathy Tische
(310) 220-8124
tc.97863@konami.com

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