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Press Release

Mad Catz Goes Old School for Xbox 360

Arcade GameStick for Xbox 360(TM) and Xbox Live Arcade(TM) Brings New Level of Control to Classic Hits and New Titles

SAN DIEGO--(BUSINESS WIRE)--Nov. 28, 2006--Mad Catz Interactive, Inc. (AMEX/TSE: MCZ), a leading third party video game accessory provider, announced today that its Arcade GameStick(TM) for Xbox Live Arcade, Xbox 360(TM) and PC will ship to major US retailers for availability this holiday season. Through collaboration with Konami Digital Entertainment, Inc. and PopCap Games, Mad Catz has introduced a joystick controller bundled with three full Xbox Live Arcade games: Frogger(R), Time Pilot(R) and Astropop(R).

"Our launch of the Arcade GameStick is consistent with our strategy of developing new revenue streams from video game software bundled with a unique controller," said Darren Richardson, President and CEO of Mad Catz. "Retro-arcade games are a hot market segment, especially on Xbox 360 Live Arcade, and this officially licensed Xbox 360 Arcade GameStick is the answer for anyone that values the control and finesse that only a real joystick can provide."

"Frogger and Time Pilot are classic games that hearken back to the heyday of the original video game arcade," said Yoshinori Aoyagi, Manager, CEO Office at Konami Digital Entertainment, Inc. "Having these strong Konami game licenses as part of Mad Catz's new Arcade GameStick reinforces the product's appeal to arcade game fans as well as provides the opportunity to introduce these popular game franchises to new gamers."

"Take our unbeatable library of games and superior gaming platform and match it with peripherals innovation - like what's found with the Arcade GameStick - and it all adds up to an incredible gaming experience that can't be found anywhere else," said Greg Canessa, Group Manager of Xbox Live Arcade. "Now our gamers have a choice in controllers and a new way to experience their favorite games."

Included in the Arcade GameStick package is a free Xbox Gold trial membership and three top-selling Xbox Live Arcade titles. From the vaults of Konami come the classic Frogger and Time Pilot. Widely considered one of the best arcade titles ever, Frogger is a true classic as players scoot a friendly frog across a busy five-lane highway and over a perilous river to peaceful lily pads. Also from Konami, Time Pilot sees the player assuming the role of a pilot of a futuristic fighter, trying to rescue fellow pilots trapped in different time eras. Astropop, from Popcap Games and Oberon Media, is the most modern game offered in this collection and is a space-age arcade puzzle game in which players use their magnetic ray to grab and move colored bricks to form sets of three or more.

The Mad Catz Arcade GameStick will be available at all major retailers in the United States and online. It has an MSRP of $59.99.

    For more information visit www.madcatz.com.

    About Mad Catz Interactive, Inc.

Mad Catz is a worldwide leader of innovative peripherals in the interactive entertainment industry. Mad Catz designs and markets a full range of accessories for video game systems and publishes video game software, including the industry leading GameShark brand of video game enhancements. Mad Catz has distribution through most leading retailers offering interactive entertainment products. Mad Catz has its operating headquarters in San Diego, California and offices in Canada, Europe and Asia. For additional information go to www.madcatz.com.

About Konami

Konami is a leading developer, publisher and manufacturer of electronic entertainment properties. Konami's titles include the popular franchises Metal Gear Solid(R), Silent Hill(R) and Castlevania(R), among other top sellers. The latest information about Konami can be found on the Web at www.konami.com. Konami Corporation is a publicly traded company based in Tokyo, Japan with subsidiary offices, Konami Digital Entertainment, Inc. in the United States and Konami Digital Entertainment GmbH in Frankfurt, Germany. Konami Corporation, the parent company of Konami Digital Entertainment, Inc. is traded in the United States on the New York Stock Exchange under the ticker symbol KNM. Details of the products published by Konami Digital Entertainment, Inc. can be found at www.konami.com.

"Konami" is a registered trademark of KONAMI CORPORATION.

Frogger (C) 1981 2006 Konami Digital Entertainment Co., Ltd. "Frogger" is a registered trademark of Konami Digital Entertainment Co., Ltd. Published by Konami Digital Entertainment, Inc. Time Pilot (C) 1982 2006 Konami Digital Entertainment Co., Ltd. "Time Pilot" is a registered trademark of Konami Digital Entertainment Co., Ltd. Published by Konami Digital Entertainment, Inc.

About PopCap(R)

PopCap Games (www.popcap.com) is the leading multi-platform provider of "casual games" - easy-to-play yet utterly entertaining and engaging brain food enjoyed by players young and old, male and female. Based in Seattle, Washington, PopCap was founded in 2000, and has approximately 100 employees in its Seattle, San Francisco and Dublin offices. PopCap's games have been downloaded more than 200 million times by consumers world-wide, and its flagship title Bejeweled(R) has sold more than 10 million units across all platforms. PopCap games are available for Web, PC, Mac, mobile phones, PalmOS and Windows Mobile PDAs, Xbox Live Arcade, iPods, in-flight on leading airlines, as scratch-off lottery tickets, and more. PopCap is the only casual games developer with leading market share across all major channels, including web portals, mobile phones, Xbox, retail, and PDA.

PopCap and PopCap Games are registered trademarks of PopCap Games, Inc. All other trademarks and registered trademarks are the property of their respective owners, without intent to infringe.

(C)2006 Microsoft Corporation. All Rights Reserved. Xbox, Xbox Live, the Live Logo, and the Xbox logos are registered trademarks or trademarks of Microsoft Corp.

Safe Harbor for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators.

CONTACT: Media:
Mad Catz Inc
Jon Middleton, 619-683-9830
mcz@jcir.com
or
Konami Digital Entertainment, Inc.
Kit Ellis, 650-654-5600
kitosan@konami.com
or
Investors:
Jaffoni & Collins Incorporated
Joseph Jaffoni, 212-835-8500
mcz@jcir.com
SOURCE: Mad Catz Interactive, Inc.