Infogrames receives tenders of 94.7% of Oceanes

New York, April 7 - Infogrames Entertainment SA said it received tenders of €93.75 million or 94.7% of its Oceanes convertible bonds due 2005.

The tender expired on March 31.

The conversion ratio on bonds not tendered increases to 10.5 shares per bond, the maturity is extended to July 1, 2011 and the call premium is eliminated.

Holders who tendered in the exchange will receive 10 shares, a new note with a €14.00 face value paying interest at 6% and maturing in three installments in 2006, 2007 and 2008, and €11.20 in cash per Oceane.

The Lyon, France, computer games company announced the tender on Feb. 17.

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