ATARI : Atari SA: final phase of the Chapter 11 procedures

          ATARI : Atari SA: final phase of the Chapter 11 procedures


              Atari SA: final phase of the Chapter 11 procedures

                  Auction schedule and minimum bid in place
               Suspension of trading of Atari shares maintained
          Publication of the fiscal year 2012/2013 earnings delayed

Paris, France,  May  29,  2013  -  Atari SA  (the  "Company"  or  "Atari")  is 
communicating on the advancement of the Chapter 11 Proceedings in the US  (the 
"Proceedings")  of  the  US   subsidiaries  (i.e.  Atari  Interactive,   Inc., 
California  US  Holding  Inc.,  Atari  Inc.  and  Humongous  Inc.)  (the   "US 
Subsidiaries") initiated on January 21, 2013 with the Bankruptcy Court of  New 
York (the "Court").

On May 22,  2013, the US  Subsidiaries have  asked the Court  to validate  the 
auction procedure, its phases and its  final schedule. After several weeks  of 
discussions with potential buyers (the "Potential Buyers"), the timing,  scope 
and minimum bid have been established as follows:

                      Assets                       Minimum Bid Date of Auction
RollerCoaster Tycoon Franchise                     $3,500,000   July 16, 2013
Test Drive Franchise                               $1,500,000   July 16, 2013
Humongous Franchise, Fatty's Bear's Birthday        $500,000    July 17, 2013
Surprise, Math Gran Prix
Backyard Sports Franchise                           $750,000    July 17, 2013
Total Annihilation Franchise                        $250,000    July 17, 2013
Airborne Ranger Franchise                           $100,000    July 18, 2013
Battlezone Franchise                                $250,000    July 18, 2013
Master of Orion Franchise                           $100,000    July 18, 2013
Moonbase Commander Franchise                        $100,000    July 18, 2013
Star Control Franchise                              $100,000    July 18, 2013
Atari Brand / Atari Classics / Atari Casino        $15,000,000  July 19, 2013

As stated in  the above table,  a minimum  bid has been  established for  each 
relevant asset.  The total  comes out  to $22,150,000.  However, there  is  no 
assurance that any offer  will be submitted at  this price and conversely,  in 
case of a bid, the final price for  some of these assets may be higher.  After 
the auction dates, a new  hearing will be held before  the Judge with a  final 
completion of the sales in early August 2013.

The prospects of Atari  SA and its shareholders  will therefore depend on  the 
outcome of such Proceedings and the proceeds received from the sale of all  or 
part of the assets, net of all legal and transactional costs, staff costs  and 
other operating costs approved by the Court in the context of the  Proceedings 
and after  distributions  to creditors,  including  the DIP  financing  of  $5 
million maximum, the €21.4 million Credit Facility and the claims of Atari  SA 
approved by  the Court.  In addition,  considering the  auction schedule,  the 
deadlines for the DIP financing and the Credit Facility, initially set to July
25, 2013, will have to be revised.

Considering the various possibilities and uncertainties of the US Proceedings,
the Company believes it is appropriate to  wait for the result of the  auction 
process to request a possible resumption  of trading of Atari's shares on  the 
NYSE Euronext  Paris  market.  At  this stage,  no  guarantees  can  be  given 
concerning the potential recovery for existing shareholders. Accordingly,  the 
Company maintains the suspension of trading of Atari shares.

In addition, the Group  will publish its FY  2012/2013 financial statement  at 
the end of the Chapter 11 proceedings.  At this stage, the Group records  that 
the financial statement will not have  been approved and published within  the 
regulatory deadline. The Group  will communicate on  the dates of  publication 
and will take the necessary measures in this respect.

About Atari, SA
Atari, consisting  of Atari  SA  and its  subsidiaries, is  a  multi-platform, 
global interactive entertainment and  licensing group. The original  innovator 
of video gaming,  founded in 1972,  Atari owns and/or  manages a portfolio  of 
more than  200 games  and  franchises, including  world renowned  brands  like 
Asteroids®, Centipede®, Missile Command®, Pong®, Test Drive®, Backyard Sports®
and RollerCoaster Tycoon®. Atari capitalizes  on these powerful properties  by 
delivering compelling  games  online  (i.e.  browser,  Facebook®  and  digital 
download), on smartphones and tablets and other connected devices. The Company
also  develops  and  distributes  interactive  entertainment  for  video  game 
consoles from Microsoft, Nintendo and Sony.  As a licensor, Atari extends  its 
brand  and  franchises   into  other  media,   merchandising  and   publishing 
categories. For more information:

Investor relations
Calyptus - Marie Ein
Tel + 33 1 53 65 68 68

Atari SA: final phase of the Chapter 11 procedures


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Source: ATARI via Thomson Reuters ONE
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