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Settlement of the Patent Litigation against Red Octane, Inc.

October 23, 2006

KONAMI CORPORATION

Konami Corporation hereby announces the settlement of the patent litigation between it and RedOctane, Inc. that has been pending in the U.S. District Court for the Eastern District of Texas since July 2005.

*Konami expands scope of its litigation against dance game developers and distributors in the U.S. (July 6, 2005)