Yvette Guillemot,who has assumed the office of ubisoft chairman & CEO for nearly ten years has submitted the resignation.Ubisoft announced Marc Fiorentino would relay her work.Yvette Guillemot has made remarkable contribution in Paris stock exchange and the Group¡¯s international expansion over the past ten years.The board of directors expresses its gratitude to Ms. Guillemot for her.

PARIS ¨C JULY 18, 2006 ¨C Today the board of directors of Ubisoft, one of the world¡¯s largest video game publishers, announced that Mr. Marc Fiorentino has been elected to serve as a director.

The election, effective July 10, 2006, follows the resignation of Ms. Yvette Guillemot. Ms. Guillemot has served on the board of directors since January 25, 1996 and contributed to the Group¡¯s strong growth. She has played an active role in strategic decisions made by Ubisoft since its introduction on the Paris stock exchange and has been present for the Group¡¯s international expansion over the past ten years. The board of directors expresses its gratitude to Ms. Guillemot for her participation in and commitment to Ubisoft¡¯s success.

Mr. Fiorentino, 46, a graduate of HEC, a prestigious business school in France, specializes in financial markets and medium-sized companies. For more than 15 years he served as director of European operations for a number of US investment banking institutions, including Bank of America, Drexel Burnham, PaineWebber and more recently Salomon Smith Barney. He subsequently founded his own brokerage firm, Euroland Finance, in 1999. In addition, he comments for France¡¯s BFM and LCI radio networks on finance, economics and the business world.

"I am very happy to welcome Marc Fiorentino to our board of directors," said Yves Guillemot, Ubisoft chief executive officer and Chairman of the Board. "His vision and remarkable career as an entrepreneur, coupled with his extensive experience in the financial industry, will enhance and strengthen the expertise of our board of directors. The addition of Marc Fiorentino to our roster at Ubisoft represents yet another asset for the group as it pursues an ambitious strategy of growth."

"In a growing, changing industry, Ubisoft is a true success story," said Marc Fiorentino. "Serving on Ubisoft¡¯s Board of Directors will offer me an opportunity to promote entrepreneurship in France. Yves Guillemot and his brothers along with the entire Ubisoft team have transformed a French company into an international powerhouse, and the story is just beginning!"

Having evaluated Mr. Fiorentino¡¯s independence in light of the criteria contained in the Bouton Report, the board of directors will submit his appointment for ratification at the next Ordinary General Meeting, scheduled for September 25.