THQ to Develop More Conan Games

Paradox Entertainment and THQ issued a press release earlier today announcing that they have signed an agreement allowing THQ to develop more games based on the Conan universe.

Paradox Entertainment And THQ To Collaborate On Video Games Based On Conan Universe

AGOURA HILLS, Calif., November 10, 2005 — THQ Inc., (NASDAQ: THQI) Paradox Entertainment Inc. and Conan Properties International, LLC today announced a worldwide, multi-year licensing agreement for THQ to develop interactive games based on Conan. The agreement covers development for all current and next-gen systems as well as PC, wireless and handheld platforms.

“THQ’s proven success with high-profile licensed properties will ensure Conan games deliver an interactive experience worthy of a truly legendary character,” said Fredrik Malmberg, Head of Licensing & Creative Affairs at Paradox Entertainment. “Developing next-gen console games is a huge commitment and we’re happy to be working with one of the strongest companies in the video game industry.”

“Combining the epic adventures and stunning environments found throughout the Conan Universe with next-gen video game technology will add a whole new chapter to Conan’s rich history,” said Germaine Gioia, vice president of licensing, THQ. “The agreement delivers a strong addition to our world class video game portfolio and will provide Conan’s huge fan base and gamers worldwide with hours of thrilling entertainment.”

Conan was created in the 1930’s by Robert E. Howard, and has been a hugely successful fantasy character for more than 70 years, with over 12 million books featuring the character sold worldwide. Conan continues to be one of the most successful comic book licenses and will be entering an exciting new chapter when the franchise undergoes a major re-launch across all media worldwide.

About Paradox Entertainment AB

Paradox Entertainment AB owns, develops and licenses over one hundred mainly character-based properties among them Conan ® and Mutant Chronicles ®. Industries exploiting the company property portfolio include film, TV, book, comics, videogame, Internet/mobile/wireless, toys, apparel and more. The business is mainly conducted through the wholly owned subsidiary Paradox Entertainment Inc., based in Los Angeles, USA. Paradox Entertainment AB is being traded through Nordic OTC in Sweden (PDXE OTC, SE0000598054).

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located in the United States, United Kingdom, Austria, France, Germany, Netherlands, Spain, Korea and Australia. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com.