Bolingbrook, IL (December 11, 2003)-Reflecting the popularity of its JIMMIE JOHNSON die-cast replicas, apparel and hobby products, RC2 (NASDAQ:RCRC) announced today that it has extended the term of its licensing agreement with JG Motorsports, Inc. for Jimmie Johnson and the Hendrick Motorsports #48/Lowe's race team.

RC2, producer and marketer of NASCAR products since 1989 under its Racing Champions brand, will retain its exclusive distribution rights for die-cast replicas sold at mass retail, and also for #48 team products, including apparel, novelties, plastic model kits and trading cards, sold at NASCAR events. With earnings of more than $5 million in 2003 and his best ever second-place finish in the 2003 NASCAR Winston Cup point standings, Jimmie Johnson is a favorite with racing fans.

According to Peter Henseler, President of RC2, "Since Jimmie Johnson broke into the NASCAR Winston Cup Series two years ago, we have seen his popularity among the more than 75 million NASCAR fans grow each year. We're delighted that we've been able to extend our licensing agreement to include both product distribution rights as well as personal appearances by Jimmie on behalf of RC2. He's one of NASCAR's young stars, and we're proud to be working with him and the entire Lowe's-Hendrick-JG team."

Jimmie Johnson noted, "RC2 was the first company to step up and make a commitment to a significant licensing program when I started my NASCAR Winston Cup Series career a couple of years ago. They have been a solid partner and I am excited that we have been able to extend and expand our relationship. I look forward to working with RC2 and pursuing innovative programs to deliver to our fans."

Bob Brannan, Vice President of JG Motorsports, said, "Over the past two years, RC2 has shown a commitment to Jimmie, Lowe's, and the Hendrick Motorsports #48 race team that has exceeded our expectations. We view our relationship with RC2 as a true partnership, and we look forward to continuing to grow the partnership over the coming years."

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.

Forward-looking Statements
Certain statements contained in this release contain "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as "anticipate," "believe," "could," "expect," "intend," "may,'' "plans," "potential," "target," "should," "will," "could" and "would." Such forward-looking statements are inherently subject to known and unknown risks and uncertainties. The Company's actual results and future developments could differ materially from the results or developments expressed in, or implied by, these forward-looking statements. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.

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