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MAJESCO SIGNS EXCLUSIVE NORTH AMERICAN PUBLISHING AND DISTRIBUTION AGREEMENT WITH RAGE SOFTWARE

Seven New Titles to Bolster Majesco’s 2002 Video Game Portfolio

EDISON, NJ, December 10, 2001 – Underscoring its position as one of the industry’s fastest-growing publishers, Majesco, Inc. today announced it has entered into an exclusive publishing and distribution agreement with Rage Software, a leading UK-based publisher and developer of interactive entertainment. Under terms of the agreement, Majesco obtains the North and South American publishing rights to seven new titles for all console, handheld, and personal computer platforms.

Titles in the agreement include David Beckham Soccer, Gun Metal, Pocket Music, GTC: Africa, Crash, Mobile Forces, and Denki Blocks!, an award-winning puzzle game designated “Game of the Show” at the 2001 ECTS, the European interactive entertainment trade show. All titles are scheduled to ship in 2002.

“We continue to experience tremendous growth in our publishing business and teaming up with a respected developer like Rage Software is sure to further accelerate that trend,” said Jesse Sutton, President of Majesco, Inc. “We’re confident that the innovative game designs of Rage Software combined with our powerful publishing and distribution networks will deliver impressive results in 2002.”

Paul Finnegan, Managing Director of Rage Software, commented, “We are delighted to announce this agreement and look forward to working with Majesco to increase Rage’s profile in the North American market. Majesco’s publishing strength will provide maximum exposure for our robust 2002 game line-up.”

About Rage
Rage Software plc, based in Liverpool, UK and established in 1992, is a publisher and developer of interactive entertainment software. The company has a large number of the UK’s finest games developers across its design studios and has produced a number of hit titles, including Striker, Incoming, Jonah Lomu Rugby and Hostile Waters. Rage has the exclusive worldwide rights to produce a series of officially licensed games featuring the Manchester United and England soccer star, David Beckham, the MGM “Rocky” movie anthology featuring Sylvester Stallone, and world champion inline skaters Cesar Mora and Fabiola da Silva. Rage has relationships with Sony, Nintendo, Microsoft, Intel, NVIDIA, Nokia, Orange and BskyB and is fully listed on the London Stock Exchange (FTSE: RGE) http://www.rage.com.

About Majesco
Founded in 1986 and based in Edison, NJ, Majesco is a leading developer, publisher and distributor of interactive entertainment products for a variety of gaming platforms, including Nintendo, Microsoft, Sony Computer Entertainment and Sega hardware systems. In 2001, Majesco released eight titles for Nintendo Game BoyÒ Advance and remains one of the premier publishers for the new handheld system. Majesco’s internal development studio, Pipe Dream Interactive, released the best-selling title, Rainbow Six: Rogue Spear for the Sega Dreamcast™ and more recently shipped Soldier of Fortune and Star Trek Voyager: Elite Force for the PlayStationÒ2 computer entertainment system. Also in development are several additional titles for PlayStationÒ2, Xbox™, GameCube™, and PC, all scheduled for release in 2002. Included among these is BloodRayne, Majesco’s recently announced multi-platform supernatural action/thriller. Majesco and Pipe Dream Interactive can be found on the World Wide Web at http://www.majescosales.com/