IF YOU HOLD ACTIVISION COMMON STOCK FOR THE BENEFIT OF ANOTHER, PLEASE
PROMPTLY TRANSMIT THIS DOCUMENT TO SUCH BENEFICIAL OWNER.

THE COURT HAS MADE NO FINDINGS OR DETERMINATIONS CONCERNING THE MERITS
OF THE ACTIONS.  THE RECITATION OF THE
BACKGROUND AND CIRCUMSTANCES OF THE SETTLEMENT CONTAINED HEREIN DOES NOT
CONSTITUTE THE FINDINGS OF THE COURT.  IT
IS BASED ON REPRESENTATIONS MADE TO THE COURT BY COUNSEL FOR THE PARTIES.

Notice is hereby provided to you of the proposed settlement (the “Settlement”)
of shareholder derivative litigation summarized in this Notice and set forth in
the Settling Parties’ Stipulation of Settlement (the “Stipulation”).  This Notice is provided by Order of the
United States District Court for the Central District of California, Western
Division (the “Court”).  It is not an
expression of any opinion by the Court. 
It is to notify you of the terms of the proposed Settlement, and your
rights related thereto.  Except for any
terms specifically defined herein, this Notice incorporates by reference the
definitions in the Stipulation, and all terms used herein shall have the same
meanings as set forth in the Stipulation.