Crytek Acquires Rights to Homefront IP / Studio committed to delivering blockbuster experience with Homefront 2

Frankfurt (ots) - Crytek GmbH today announced the acquisition of
the intellectual property rights for the Homefront franchise
following an auction of assets by THQ Inc. Crytek's association with
the Homefront IP began in autumn 2011, when the developer announced
it would be creating the second game in the series in partnership
with THQ Inc. Following THQ's recent decision to file for chapter 11
bankruptcy and the subsequent sale of the publisher's assets, Crytek
submitted the high bid at auction to secure the rights to the
Homefront franchise.

Crytek CEO, Cevat Yerli, said: "Since we first reached an
agreement to develop Homefront 2, we've been firm believers in the IP
and its potential to excite and amaze players. Our cooperation with
THQ was always positive and we would like to thank them for all their
support over the last two years and express our sympathy to those
affected by the recent events at the company."

Development work will continue on Homefront 2 at Crytek's UK
studio in Nottingham. "From day one, the Homefront 2 team has been
committed to creating a game that takes the series to new heights and
features the level of quality and innovation associated with Crytek,"
said Nick Button-Brown, General Manager of Games at Crytek. "Nothing
has changed with regards our development of the game, and we look
forward to sharing the finished product with players."

About Crytek GmbH

Crytek GmbH ("Crytek") is an independent company at the forefront
of the interactive entertainment industry, and is dedicated to
pushing the boundaries of gaming by creating standout experiences
for Xbox 360, Playstation 3, PC, mobile devices and games-as-service
using their cutting-edge 3D-Game-Technology, CryENGINE®.

The company's headquarters are in Frankfurt am Main (Germany).
Crytek also has studios in Kiev (Ukraine), Budapest (Hungary), Sofia
(Bulgaria), Seoul (South Korea), Nottingham (UK), Shanghai (China)
and Istanbul (Turkey).

Since its foundation in 1999, Crytek has consistently been
recognized for excellence in its field, earning accolades such as the
2011 Develop Award for Best Independent Studio and a 2010 Red Dot
Design Award. Its multi-award winning games include Far Cry®, Crysis®
(awarded best PC Game of E3 2007 and Best Technology at the 2008 Game
Developers Choice Awards), Crysis Warhead® (awarded Best Graphics
Technology at IGN Best of 2008 Awards), Crysis® 2 (awarded Best
Shooter of E3 2010 and Gamescom 2010) and Warface (awarded Best
Social/Casual/Online Game of Gamescom 2012). For more information,
please visit www.crytek.com.

Contact
Jens Schaefer
Senior PR Manager
jens@crytek.com
Phone: +49 69 21977661071