Shanda to Operate NHN Games' ArchLord in China

Press Release

Shanda Interactive Entertainment Limited (Nasdaq: SNDA), or Shanda, a leading interactive entertainment media company, today announced that it has entered into anagreement with NHN Games Corporation, a leading online game company in SouthKorea, for an exclusive license to operate ArchLord, a 3D massively multiplayer online role playing game, or MMORPG, in mainland China. The game is expected to enter closed beta testing in China during the second quarter of2006.

With an evolving storyline of conquest and betrayal, ArchLord presents an epic adventure in which users band together as they embark on a quest for the ancient relics of the Archons. Following the launch of open beta testing inMarch 2005, ArchLord was well received by Korean users. NHN Games commercially launched ArchLord in Korea in January 2006.