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--COMPANY PRESS RELEASE--


"AUSTIN POWERS" DIE-CAST CARS DEBUT UNDER RC2'S JOYRIDE STUDIOS BANNER


Bolingbrook, IL (August 18, 2003)-Kicking off the first "entertainment vehicle" entries ever released under JoyRide Studios, a brand of RC2 (NASDAQ: RCRC), three hot die-cast model cars will be hitting the shelves soon.

Produced under license and based on the popular Austin Powers movies, two scale-model cars are slated for introduction in October: the Mini-Cooper from Austin Powers' Goldmember and the Corvette from Austin Powers' The Spy Who Shagged Me. They'll be assorted with another Austin Powers replica which the company released in February-the Shaguar from the Austin Powers' International Man of Mystery film. Suggested retail price for each model is $24.99.

The cars are produced in 1:18 scale and are meticulous replicas of the star-studded originals, complete with opening doors and hoods, detailed engines and interiors, and an authentic paint scheme that's straight out of the movies. And according to Dell Torgerson, Managing Director of JoyRide Studios, they're the real deal.

"Everybody who's seen even one of the Austin Powers movies is going to want these die-cast models," he said. "They're faithful to the original, right down to the tiny details, and just looking at them brings back all the excitement of the films. Austin Powers has been a huge hit with fans, and I'm betting that our scale-model car replicas will be, too."

RC2 (www.rc2corp.com) is a leading producer and marketer of high quality collectibles, toys and hobby products targeted at adult collectors, parents and children. The company's diverse product offerings include: traditional children's toys; agricultural, construction and outdoor sports vehicle replicas; automotive, high performance and racing vehicle replicas; sports trading cards, racing apparel and souvenirs; and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions®, Ertl®, Ertl Collectibles®, Learning CurveSM, American Muscle™, AMT®, W. Britain®, Press Pass®, Eden®, Feltkids® and JoyRide Studios™. RC2 builds consumer loyalty by fulfilling the passions of targeted consumers with its branded products that encourage repeat purchases and are fun to own and use. The Company's goal is to achieve leadership in targeted markets worldwide by acting on significant consumer trends, continuously applying innovation and developing consumer preferred brands and products distributed through multiple channels. These channels include chain retailers, specialty and hobby wholesalers and retailers, OEM dealers, corporate accounts for promotional purposes and direct to consumers. The Company sells through more than 20,000 retail outlets located primarily in North America, Europe, and Asia Pacific.


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