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--COMPANY PRESS RELEASE--


JOYRIDE STUDIOS ANNOUNCES NEW HALO FIGURES
BASED ON THE MUCH ANTICIPATED HALO 2 VIDEO GAME

Release date of new JoyRide Halo 2 figures scheduled to coincide with the launch of the video game to maximize retail potential for this enormously successful line of collectible action figures.


CHICAGO, IL-(October 23, 2003)- RC2 Corporation (NASDAQ:RCRC), makers of the JoyRide Studios Halo® line of collectible figures based on the hugely popular Halo franchise, announces the launch of a line of highly detailed, full-articulated exclusive new figures based on Halo 2®, a sci-fi action-adventure game. In an effort to maximize the tremendous retail potential of this popular license, JoyRide Studios will align the release dates with the Xbox® Halo 2 release in 2004.

"JoyRide Studios is thrilled to have this exclusive opportunity to build on the immense success of our Halo action figure line with the Halo 2 line of collectible action figures," says Scott Corley, Managing Director of the Figure Team for JoyRide Studios. "By timing our launch with the release of the Halo 2 video game, we will be able to provide retailers with a superb opportunity to cross-sell and boost spring sales."

JoyRide Studios are the exclusive collectible figure licensees for Halo and Halo 2. This new line of collectible figures will bring the adventure and excitement of Halo 2 from the screen and into the collectors and video gamers' hands.

About RC2 Corporation
RC2 (www.rc2corp.com) is a leading producer and marketer of high quality, innovative collectibles and toys targeted at adult collectors and children, as measured by sales and brand recognition. The Company's diverse product offerings include: agricultural, construction and outdoor sports vehicle replicas; automotive, high performance and racing vehicle replicas; traditional children's toys; sports trading cards and 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 Curve, American Muscle™, AMT®, W. Britain®, Press Pass®, Eden™, Feltkids® and JoyRide Studios™. The Company supports its brands and enhances the authenticity of its products by linking them with highly recognized licensed properties from John Deere, Harley-Davidson, HIT Entertainment, Lamaze, Case, Polaris, Honda,
Caterpillar, Ford, GM, DaimlerChrysler, NASCAR, NHRA, Texaco, Universal Studios, Warner Brothers, DIC Entertainment, Nintendo, Sega, Electronic Arts and Microsoft. The Company's products are marketed through multiple channels of distribution, including 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 in North America, Europe and Asia Pacific.


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