San Francisco, California—January 17, 2002—Macromedia, Inc., (NASDAQ: MACR) today announced the immediate availability of an update to Macromedia Director 8.5 Shockwave Studio, the authoring software used to create Shockwave content. In addition, a native Mac OS X version of the widely distributed Macromedia Shockwave Player will be available later this month. The free update to the studio and existing players adds Windows XP compatibility and anti-aliasing support for visually rich 3D imaging. The free studio updates can be downloaded immediately from www.macromedia.com/go/dir851.

"With the addition of powerful new anti-aliasing support in Director and a native Shockwave Player for Mac OS X, Macromedia is clearly in touch with the needs of its developers. These powerful new tools are helping us build the most interactive e-learning courseware available," said Scott Kingsley, president of Periscope3, a leading e-learning provider in the IT training market. "Shockwave content is helping us lead the way in delivering interactive 3D learning experiences online, and these new updates will make the content richer, ensuring it reaches even more people."

Macromedia is delivering a new feature for Director 8.5 with this update, the inclusion of both hardware and software-based anti-aliasing support. Anti-aliasing improves the visual quality of 3D objects by adjusting the pixels to eliminate "jaggies" and soften the contrast between objects for a smoother look. Anti-aliasing support is also included in the new version of the Shockwave Player.

Macromedia is committed to bringing its authoring and player products to Mac OS X, and OS X users will be able to natively experience sophisticated 3D and rich media content with Macromedia Shockwave Player. For examples of 3D-enhanced Shockwave content, go to www.macromedia.com/go/inspire. The player, which is installed on 65 percent of web desktops, enables a clear majority of online users to experience interactive,
magnetic web content. 270 million web users already have Shockwave Player installed and more than 300,000 are installing the 3D-enhanced Shockwave Player daily.

ABOUT MACROMEDIA
Macromedia is passionate about what the web can be. Its award-winning products empower designers and developers to efficiently create and deliver the most engaging experiences on the web, and enable innovative Internet business applications. Headquartered in San Francisco, Macromedia has more than 1,400 employees worldwide and is available on the Internet at www.macromedia.com.