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Ryan Newman Continues with Hot Wheels

EL SEGUNDO, Calif. -- Oct. 22, 2002 -- Mattel, Inc. has renewed an exclusive licensing deal with NASCAR's red-hot rookie driver Ryan Newman to continue creating Hot Wheels® die-cast merchandise.

Mattel has extended Newman's multi-year contract for exclusive mass retail channel distribution of all die-cast vehicles associated with Newman and the #12 Alltel/Penske team. Marketing rights include usage of the #12®, Ryan Newman®, and his likeness, photograph and signature. Newman made his Winston Cup rookie debut this year to much fanfare and is tied for top-5 finishes, and is the leader in top-10 finishes and the NASCAR Rookie of the Year standings.

"We are pleased to announce we will be continuing our exclusive relationship with Ryan Newman, one of the most exciting rookies to watch this year," said Tony DaDante, vice president/general manager, Hot Wheels® Racing, Mattel. "We look forward to working with Ryan for many miles to come as he speeds toward his very bright future with NASCAR."

Hot Wheels® cars thundered into the toy world in 1968. Nearly 35 years later, Hot Wheels® is a global lifestyle brand and a leader in the design, manufacture and marketing of vehicles, playsets and track sets. In addition to leading the way with speed, power and performance, Hot Wheels® cars are also Cool Collectibles® for adults. For the latest information on Hot Wheels® products, make a break on the information superhighway and cruise over to www.hotwheels.com.

Mattel, Inc. is a worldwide leader in the design, manufacture and marketing of family products. With headquarters in El Segundo, Calif., Mattel has offices and facilities in 36 countries and sells its products in more than 150 nations around the world. For more information on Mattel products, the company's Web site can be found at www.mattel.com.

HOT WHEELS and associated trademarks are owned by Mattel, Inc.

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