Nexon and Crytek Sign Publishing Deal for Warface®

Online FPS will be marketed and operated in South Korea and Taiwan

SEOUL, South Korea and FRANKFURT, Germany, Feb. 29, 2012 /CNW/ - Nexon Korea Corporation ("Nexon") announced today that Nexon and Crytek GmbH ("Crytek") signed a publishing deal for Crytek's next- generation online first-person shooter (FPS) game, "Warface." With this agreement, Nexon obtained the publishing license of "Warface" for South-Korea and Taiwan and will operate and market the game. "Warface" is Crytek's first online FPS and is based on Crytek's critically acclaimed CryENGINE® 3 game development solution. The game offers next generation visuals, AI and physics in a near-future military setting.

Min Seo, CEO of Nexon Korea Corporation said: "We are very pleased to publish the first online game of Crytek, leaders in high-quality FPS games. With our experience and knowledge in running online FPS games, we will do our best to present top-notch environments for users to enjoy high-quality gameplay sessions."

"We're excited to bring 'Warface' to Korea and Taiwan together with Nexon, the best partner we could have wished for. Nexon's experience in running games-as-service combined with our high production values and hardcore gaming DNA, we believe we can revolutionize the genre that has been invented in Korea," said Cevat Yerli, Founder, CEO & President of Crytek.

About Nexon Korea Corporation.

Nexon Korea Corporation is the Korean operation arm of NEXON Co. Ltd. (TSE: 3659.TO), a worldwide leader in free-to-play online games headquartered in Tokyo, Japan. Founded in 1994, Nexon Korea Corporation developed one of the world's first graphics-based massively multiplayer online games and also pioneered the concept of microtransactions in the free-to-play business model, being one of the first companies to understand and capitalize on the opportunity to provide deeply immersive online games for a global audience. Its world-class creative development studios have produced some of the most successful online game titles in video game history, including the popular franchise MapleStory, KartRider, Dungeon & Fighter, Counter Strike Online, Mabinogi and Sudden Attack, and is continually experimenting with new genres and format, enabling Nexon to regularly introduce groundbreaking new games.

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About Crytek GmbH: http://www.crytek.com/company

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