Perfect World Announces New 2D MMORPG 'Dragon Excalibur'

"Perfect World" or the "Company", a leading online game developer and operator based in China, announces the introduction of its first 2D real-time fantasy MMORPG, "Dragon Excalibur."

Developed by Perfect World's Shanghai R&D team, "Dragon Excalibur" is a 2D fantasy online game that runs on Raider, the Company's proprietary 2D game engine. The innovative 2D technology will allow the game to feature advanced and unique visual effects.

In "Dragon Excalibur," a fantasy world is created where human beings, demons and gods meet in a simulated historical scene. It ushers the players into a world of a voluminous historical novel where they can shuttle between different dynasties. The game players can also familiarize themselves with the simulated historical settings and can try to alter the fate of history with their courage in the game. The innovative play modes will bring a brand new game experience to the players.

Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, "The upcoming launch of our new game 'Dragon Excalibur' is an important part of our strategy of diversifying our portfolio of games. Perfect World has been dedicated to providing a variety of innovative games to cater to a wide range of players with differing interests. As a result, our game portfolio has become even richer with a number of games performing well in the markets. We believe that 'Dragon Excalibur' will be an important 2D real-time MMORPG for Perfect World and will bring an entirely new 2D game experience to players with its graphical designs, innovative play modes and rich content."

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China. Perfect World primarily develops online games based on proprietary game engines and game development platforms. The Company's strong technology and creative game design capabilities, combined with extensive local knowledge and experience, enable it to frequently and rapidly introduce popular games that are designed to cater to changing customer preferences and market trends in China.

The Company's current portfolio of self-developed online games includes massively multiplayer online role playing games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian," "Chi Bi," "Pocketpet Journey West" and "Battle of the Immortals;" and an online casual game: "Hot Dance Party." While a substantial portion of the revenues are generated in China, the Company's games have been licensed to leading game operators in a number of countries and regions in Asia, Europe and South America. The Company also generates revenues from game operation in North America. The Company plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements
This press release contains forward-looking statements. These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "future," "plans," "believes" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

Potential risks and uncertainties include, but are not limited to, our limited operating history, our ability to protect our intellectual property rights, our ability to respond to competitive pressure, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

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