Shanda Games Limited (NASDAQ: GAME) is a leading online game developer, operator and publisher in China. Shanda Games offers a diversified game portfolio, which includes some of the most popular massively multiplayer online role-playing games (MMORPGs) and advanced casual games in China, targeting a large and diverse community of users. Shanda Games manages and operates online games that are developed in-house, co-developed with world-leading game developers, acquired through investments or licensed from third parties.

Shanghai, China – September 25, 2009 – Shanda Interactive Entertainment Limited (NASDAQ: SNDA) (“Shanda Interactive”) today announced that the registration statement relating to the initial public offering of American Depositary Shares (“ADSs”) of Shanda Games Limited (“Shanda Games”) (NASDAQ: GAME), an online game developer, operator and publisher in China and its subsidiary, has been declared effective by the United States Securities and Exchange Commission. The ADS was priced at US$12.50 per ADS and will begin trading on the NASDAQ Global Select Market on September 25, 2009 under the symbol “GAME”.

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