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SAN FRANCISCO JANUARY 11, 2006 Today Ubisoft, one of the world's largest video game publishers, announced that it has signed an exclusive worldwide license agreement with 4Kids Entertainment, Inc. (NYSE: KDE) and Mirage Group to develop and publish Teenage Mutant Ninja Turtles® a video game based on the new CG feature-length film being produced by Imagi Animation Studios and to be distributed by Warner Bros. Pictures in the U.S. and The Weinstein Company internationally. Under the agreement, it is expected that the video game will be available for
gaming consoles in conjunction with the movie's planned release in early 2007.

The Teenage Mutant Ninja Turtles movie will be the first all CG animated movie in the history of the franchise. The PG-rated movie will derive its tone from the original comic-book series and will be grittier than the previous live action pictures.

"Ubisoft has demonstrated its strong commitment to making quality license-based games and truly understands the spirit of one of the world's most famous children's brands," said Christian Salomon, director
of licensing at Ubisoft. "Ubisoft is thrilled to be bringing the Turtles back in an exciting new adventure that will attract the first generation of enthusiasts all the way through to the current and future generations of fans."

Teenage Mutant Ninja Turtles has been an international phenomenon for more than twenty years. The property began as an underground comic book and is now one of the most popular licenses; the 4Kids TV show is
broadcast in more than 90 territories and the toys, movies and video games are popular throughout the world.

"We are excited that the Turtles are returning to the big screen in 2007 and pleased to partner with Ubisoft for the creation of a new movie-based Teenage Mutant Ninja Turtles video game," said Alfred R. Kahn, chairman and chief executive officer of 4Kids Entertainment. "We are confident Ubisoft's commitment to quality, strong international
distribution and presence in the worldwide video game market will complement the Teenage Mutant Ninja Turtles movie experience and help generate added excitement for the Turtles brand."

For more information about Ubisoft, please visit http://www.ubisoftgroup.com and http://www.ubi.com.

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