VALVE ANNOUNCES HALF-LIFE UPDATES

Kirkland, WA (May 1, 2000) - Valve, L.L.C. today announced a number of enhancements and updates are being prepared for Half-Life, the epic action thriller named Game of the Year by over 50 publications. The releases will include new Half-Life technology, new Half-Life multiplayer games, updated versions of popular game modifications (MODs), and new toolsets for MOD authors.

"Continued support for Half-Life has been an important factor in helping us achieve 2 million copies sold worldwide and becoming the number one action game played online," said Gabe Newell, manager director of Valve, L.L.C. "This next round of releases will put some of our next generation tools in the hands of MOD authors, greatly increase the size of our online community, as well as enhance the Dreamcast version of Half-Life."

Specific details on the new releases will be made available over the next two weeks

Founded in 1996, Valve develops entertainment software. Half-Life is Valve's debut title. Since its release in November 1998, Half-Life has won over 50 Game of the Year Awards from publications that include PC Gamer, Computer Gaming World, and CNET's Gamecenter. More information about Valve is available through the company's Web site at www.valvesoftware.com.