NCsoft Announces Publishing Deal with Spacetime Studios

AUSTIN, Texas, March 8, 2006—NCsoft® Corporation (KSE:036570.KS), the world’s leading developer and publisher of online computer games, announced today its latest partnership with a new company in Austin. Spacetime Studios™, composed of a core team with previous leadership roles on successful franchises such as Privateer, Wing Commander and Star Wars Galaxies, will publish its next game under the NCsoft brand.

Collectively the Spacetime group has shipped 14 previous titles, two of which have been million-unit sellers.

“Having the Spacetime team on board is a great step forward for NCsoft,” said Robert Garriott, CEO of NCsoft North America. “This group has a proven track record in creating games in the space genre. They’ve also been successful in developing massively multiplayer games and we believe that’s a winning combination and a perfect fit for the NCsoft lineup of products.”

“Spacetime and NCsoft is a great match,” said Gary Gattis, Spacetime Studios co-founder. “They are a top-notch publisher that really cares about their developers and the quality of their games. NCsoft has shown us strong support and a willingness to provide a great balance of direction and freedom to develop a game that we have been dreaming of doing for years.”

About NCsoft

NCsoft’s North American business is headquartered in Austin, Texas and is part of Korea-based NCsoft Corporation. NCsoft, with its own development and publishing offices in Texas and California, also works with subsidiaries and third party developers throughout North America to develop and publish innovative online entertainment software products. The company launched two massively multiplayer titles on the same day in 2004: Lineage® II and City of Heroes®, and 2005 released the highly anticipated, Guild Wars® and City of Villains™. NCsoft expects to launch more massively multiplayer titles in 2006. More information about NCsoft can be found at http://www.PlayNC.com.

About Spacetime Studios

Spacetime Studios is an independent game development company located in Austin, Texas. They have just begun a next-generation, AAA-scale MMO with an original IP. The company’s focus is on making a killer, top-of-the-line competitive game, with the technology, design and art creativity needed to make it happen. Spacetime Studios is an experienced, extremely successful team of veterans in the genre, with 14 shipped titles under their belts, two of which are million-plus sellers. More information about the studio can be found at http://www.spacetimestudios.com.