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2007 5 8 NCsoft CORPORATION OK-san Bldg 157-33, Samsung-dong, Kangnam-gu, Seoul 135-090, KOREA Tel: +82-2-2186-3300 Fax : +82-2-2186-3550 Copyright NCsoft Corporation. All Rights Reserved WWW.NCSOFT.COM

Table of Contents 01. Disclaimer 02. Consolidated Company 03. Earnings Highlights 04. User Statistics 05. Appendix Parent Earnings 01 10 13

Disclaimer Disclaimer 2007 1.,.,,,.

Consolidated Company The consolidated company NCsoft (Controlling Company) NC Interactive (100%) Orion Soft (100%) ArenaNet (100%) J Interactive (100%) NC Europe (100%) NCRC (100%) NC Japan (60%) NCsoft Japan (100%) NC Taiwan (85%) NC China (100%) NC True(49%)

Earnings Highlights ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 84,715 90,221-6% 77,973 9% - 80,988 85,463-5% 72,183 12% - 3,727 4,758-22% 5,790-36% 67,648 74,806-10% 69,280-2% 17,067 15,415 11% 8,693 96% (%) 20% 17% 11% 19,773 17,652 12% 10,113 96% (%) 23% 20% 13% 14,121 18,650-24% 6,823 107% (%) 17% 21% 9% 1/18

Earnings Highlights 07 1 Core product -, II content -PRC, MRC monitoring -5 1,, 2/18

Earnings Highlights 1Q 07 3% 10% 9% 15% 59% 12% 9% 20% 4Q 06 54% ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 53,698 53,459 0% 54,847-2% - 49,988 48,826 2% 49,245 2% 4% 5% - 3,710 4,633-20% 5,602-34% 12,932 18,008-28% 11,321 14% 1Q 07 3% 10% 9% 15% 59% 1Q 06 10% 5% 15% 63% 7,759 10,776-28% 3,834 102% 8,063 7,978 1% 7,971 1% 2,263 - New - New 84,715 90,221-6% 77,973 9% 4% 7% 3/18

Earnings Highlights 14% 1Q 07 0% 22% 4Q 06 1% / 7% 38% / 6% 35% ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 30,408 29,988 1% 30,048 1% II 41% II 36% II 32,814 30,581 7% 29,135 13% / 7% 14% 1Q 07 0% 38% / 9% 9% 1Q 06 0% 42% CoH / CoV 5,954 5,532 8% 6,523-9% 11,542 18,635-38% 6,312 83% 270 727-63% 165 64% 80,988 85,463-5% 72,183 12% II 41% II 40% 4/18

Earnings Highlights ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 3,276 2,922 12% 3,228 1% 3,167 2,810 13% 3,128 1% 95 92 3% 77 23% 14 20-30% 23-39% 428 1,634-74% 2,337-82% - 1,170-25% 1,763-50% 134 154-13% 247-46% 294 310-5% 327-10% - 65-28% 24 138% - 65-29% 24 92% 23 137-83% 201-89% 3,727 4,758-22% 5,790-36%,. 5/18

Earnings Highlights ( + ) ( : ) 1Q 07 4Q 06 QoQ(%) % of total sales % of total cost 1Q 06 YOY(%) 35,377 37,402-5% 42% 52% 33,167 7% 8,649 10,239-16% 10% 13% 7,856 10% - 1,116 1,568-29% 1% 2% 1,166-4% - 2,572 2,540 1% 3% 4% 2,409 7% - 1,898 2,299-17% 2% 3% 2,198-14% - (Box) 2,159 2,533-15% 3% 3% 1,280 69% -, 904 1,299-30% 1% 1% 803 13% 2,015 4,530-56% 2% 3% 4,833-58% & 4,593 6,204-26% 5% 7% 5,558-17% (*) 17,014 16,431 4% 20% 25% 17,866-5% : 67,648 74,806-10% 80% 100% 69,280-2% (*) (1,653), (3,407), (1,814), (2,049) 6/18

Earnings Highlights ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) NC China 659 727-9% 926-29% (RMB Mn 5.5) (RMB Mn 6.2) (RMB Mn 7.6) NC True 437 526-17% 551-21% (Baht Mn 15.8) (Baht Mn 20.5) (Baht Mn 22.1) 1,096 1,253-13% 1,477-26% 7/18

Earnings Highlights ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) (296) (163) (11) (89) (42) (11) (207) (121) - New (985) (897) (951) NC Taiwan - (254) - (407) - NC China (613) (443) (102) NC True (171) (149) (371) NCRC 57 5 1040% (71) NCsoft Japan (258) (56) - New (1,281) (1,060) (962) 8/18

Earnings Highlights Consolidated Balance Sheet (Unit : W Mn) 1Q 07 4Q 06 Change 523,164 506,490 16,674 378,764 373,405 5,359 ( 46,371 49,369-2,998 ( 250,000 250,849-849 ( 43,088 39,195 3,893 144,400 133,085 11,315 ( 10,649 40,745-30,096 ( 99,246 84,599 14,647 84,490 85,221-731 78,331 79,752-1,421 6,159 5,469 690 ( ) - - - 438,674 421,269 17,405 ( 10,202 10,194 8 9/18

User Statistics ( ) Korea 2007 3 Servers 43 43 43 43 43 43 43 45 45 Highest concurrent users 149,946 151,113 150,863 187,786 161,038 144,109 138,733 144,430 149,034 Monthly access 1,197,295 1,166,001 1,220,491 1,627,159 788,180 746,291 716,772 775,579 733,593 Personal accounts 251,483 257,385 256,758 309,452 299,313 262,019 266,564 302,469 287,058 Taiwan Servers 36 36 36 38 39 40 40 40 40 Highest concurrent users 155,014 138,623 135,731 134,462 157,365 159,309 168,218 177,571 193,119 Monthly access 579,679 475,066 428,152 472,156 470,855 434,623 445,636 423,212 428,845 Japan Servers 6 6 6 6 6 6 6 6 6 Highest concurrent users 16,864 13,498 12,550 14,534 12,448 12,836 12,643 10,599 12,016 Monthly access 69,623 68,182 69,538 74,671 76,027 69,641 76,191 80,019 79,252 China Servers 11 10 10 10 10 11 11 11 11 Highest concurrent users 10,473 12,564 14,586 14,149 18,376 20,399 17,246 19,551 20,705 Monthly access 123,665 108,388 140,422 110,182 152,466 139,669 107,644 117,407 126,479 U.S Servers 3 3 3 3 3 3 3 3 3 Highest concurrent users 1,660 2,205 1,844 2,200 2,224 2,311 2,780 3,732 3,205 Monthly access 7,623 8,586 6,760 9,059 9,759 9,685 9,727 11,953 9,202 * : * : 1 unique * : 10/18

User Statistics ( II) Korea 2007 3 Servers 32 32 33 33 33 33 33 33 33 Highest concurrent users 109,381 104,900 109,814 119,345 116,897 110,183 97,558 113,369 123,332 Monthly access 1,004,145 926,535 944,372 730,837 531,701 508,041 499,894 482,173 460,974 Personal account 167,427 151,997 165,239 174,170 179,298 174,582 165,558 187,005 192,165 Taiwan Servers 21 22 22 22 22 22 22 22 22 Highest concurrent users 86,068 87,722 68,617 71,301 78,550 72,713 66,497 55,571 46,768 Monthly access 251,058 240,911 238,620 198,795 205,661 171,408 160,316 123,006 112,244 Japan Servers 9 10 10 10 11 11 12 12 12 Highest concurrent users 33,745 39,727 35,381 40,088 44,631 48,843 50,188 52,684 49,268 Monthly access 86,260 104,797 102,774 105,097 111,046 111,569 112,670 113,774 116,239 China Servers 41 44 21 22 23 15 17 15 15 Highest concurrent users 122,855 86,463 54,353 43,026 37,806 18,438 18,085 16,888 15,238 Monthly access 700,241 424,355 358,305 354,395 299,675 212,173 204,269 180,584 183,049 U.S & Europe Servers 9 9 9 9 9 9 10 10 10 Highest concurrent users 20,912 22,493 23,923 28,309 32,767 32,099 42,287 32,732 32,767 Monthly access 65,644 66,138 66,975 76,435 89,337 83,221 94,000 105,039 87,652 Thailand Servers 10 10 8 4 5 5 5 5 Highest concurrent users 15,714 13,567 10,202 11,000 7,941 7,616 6,596 5,903 Monthly access 51,810 75,545 59,938 64,920 52,516 45,778 31,727 30,416 11/18

User Statistics ( / ) U.S & Europe 2007 3 Servers 15 15 15 15 15 15 15 15 15 Highest concurrent users 21,283 20,911 22,340 23,730 23,699 22,274 21,500 17,728 14,767 Monthly access 140,481 162,922 150,068 194,000 171,951 171,000 172,420 154,953 143,127 ( ) US & Europe 2007 3 2005 6 2005 9 2005 12 2006 3 2006 6 2006 9 2006 12 2007 3 # of Accounts activated to date 650,000 1,000,000 1,270,000 1,490,000 2,080,000 2,447,000 3,122,000 3,555,000 12/18

Appendix Parent Earnings & ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 57,473 57,686 0% 57,384 0% - 49,987 48,826 2% 49,245 2% - 7,486 8,860-16% 8,139-8% 43,910 46,235-5% 43,818 0% 13,563 11,451 18% 13,566 0% (%) 24% 20% 24% 18,307 18,969-3% 8,890 106% (%) 32% 33% 15% 14,121 18,650-24% 6,823 107% (%) 25% 32% 12% 13/18

Appendix Parent Earnings - ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 28,828 28,128 2% 28,298 2% PC 5,881 5,682 4% 5,708 3% 22,947 22,446 2% 22,590 2% II 21,046 20,611 2% 20,710 2% PC 5,822 6,179-6% 6,943-16% 15,224 14,432 5% 13,767 11% 113 87 30% 237-52% 49,987 48,826 2% 49,245 2% 14/18

Appendix Parent Earnings ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) 3,681 3,494 5% 3,672 0% 3,167 2,810 13% 3,128 1% 292 421-31% 361-19% 95 92 3% 77 23% 113 151-25% 83 36% 14 20-30% 23-39% II 3,685 5,197-29% 4,406-16% 878 1,170-25% 1,763-50% 1,614 2,497-35% 1,325 22% 134 154-13% 247-46% & 765 1,066-28% 744 3% 294 310-5% 327-10% 114 158-28% 48 138% 46 65-29% 24 92% 68 93-27% 24 183% 6 11-45% 13-54% 7,486 8,860-16% 8,139-8% 15/18

Appendix Parent Earnings ( + ) ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YOY(%) 25,914 27,399-5% 45% 59% 24,658 5% 4,323 4,696-8% 8% 10% 3,887 11% - 65 136-52% 0% 0% 34 91% - 1,774 1,581 12% 3% 4% 1,216 46% - 1,898 2,299-17% 3% 4% 2,198-14% -, 586 680-14% 1% 1% 439 33% 1,299 2,552-49% 2% 3% 2,896-55% & 2,023 3,317-39% 4% 5% 2,654-24% (*) 10,351 8,271 25% 18% 24% 9,723 6% : 43,910 46,235-5% 76% 100% 43,818 0% (*) (756), (2,568), (970), (2,049). 16/18

Appendix Parent Earnings, ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) NC Interactive 13,168 18,285-28% 11,543 14% ($Mn 14) ($Mn 19.3) ($Mn 11.8) ArenaNet 3,444 4,180-18% 1,714 New ($Mn 3.6) ($Mn 4.7) ($Mn 1.8) NC Japan 8,063 7,978 1% 7,971 1% (JPY Mn 1,025) (JPY Mn 999.9) (JPY Mn 952.8) NC Taiwan 2,263 2,775-18% 4,698-52% (TW Mn 79.3) (TW Mn 98.1) (TW Mn 155.1) NC Europe 7,759 10,776-28% 3,834 102% ( Mn 4.2) ( Mn 6.0) ( Mn 2.2) NC China 659 727-9% 926-29% (RMB Mn 5.5) (RMB Mn 6.2) (RMB Mn 7.6) NC True 437 526-17% 551-21% (Baht Mn 15.8) (Baht Mn 20.5) (Baht Mn 22.1) 35,793 45,247-21% 31,237 15% 17/18

Appendix Parent Earnings ( : ) 1Q 07 4Q 06 QoQ(%) 1Q 06 YoY(%) (296) (163) (11) (89) (42) (11) (207) (121) - New 1,111 4,658-76% (6,922) NC Interactive 2,226 4,827-54% (2,589) NC Japan 729 (558) 613 19% ArenaNet (759) (583) (2,720) NC China (613) (443) (102) NC Taiwan (806) (254) (407) NC Europe 706 1,869-62% (1,275) NC True (171) (149) (371) NCRC 57 5 1040% (71) NCsoft Japan (258) (56) - New 815 4,495-82% (6,933) 18/18