Virgin is now Avalon Interactive - Galleon still coming on PC ?

Virgin Interactive Entertainment to become Avalon Interactive Distributor of Titus Interactive Paris, France, June 30, 2003 – Titus Interactive (ISIN FR0000050122 - Reuters TITP.LN) announced today that Virgin Interactive Entertainment, its 100% distribution subsidiary, is changing its name. From now on, all games developed by the Group (Titus / Interplay) will be distributed in Europe through the new brand: AVALON INTERACTIVE. For the second semester of 2003, AVALON INTERACTIVE will proposed to the customers the following line up: * Baldur’s Gate Dark Alliance 2 Playstation 2 and Xbox, * Barbarian Playstation2, Xbox, GameCube and Gameboy Advance, * Fallout Brotherhood of Steel Playstation2 and Xbox * Galleon Xbox and PC, * Hunter GameCube, * Lionheart PC, * Robocop Playstation2, Xbox and Game Boy Advance, * Run Like Hell Playstation2 and Xbox, * Top Gun Combat Zones Gameboy Advance. The new brand will become operative on July 1st, 2003. After obtaining: * the approval of the 2%OCEANE bond holders (ISIN FR0000181000)and the 2.5% bond holders (ISIN FR0000180598) on the resolutions proposed on the general meeting held on May a 30th, 2003 and June 6th, 2003, to restore a balanced financial structure, * a agreement with Virgin interactive Entertainment Europe Ltd creditors in order to restructure the company’s debt, spread out over 5 years and six months, with 60 monthly payments. For more information on our products, visit the website at: www.titus-interactive.com.