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Mad Catz® Announces S.T.R.I.K.E.™5 Professional Gaming Keyboard

Modular Design and OLED Command Module Enhance Competitive Gaming

SAN DIEGO -- (BUSINESS WIRE) -- Oct. 23, 2012 -- Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the S.T.R.I.K.E.5 Professional Gaming Keyboard for PC. Now available in limited quantities on the Mad Catz store, the S.T.R.I.K.E.5 has been designed with the competitive gamer in mind, featuring a modular design and OLED Command Module placing gamers at the heart of the experience.

“Our range of S.T.R.I.K.E. keyboards has captured the imagination of passionate gamers and we are pleased to expand the range with the newly announced S.T.R.I.K.E.5,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “The S.T.R.I.K.E.5 is part of our strategy to grow our market share with best in class products for all gamers.”

The S.T.R.I.K.E.5 features a modular design allowing gamers to rearrange the configuration of the keyboard modules to better suit their preferred method of play. Alongside dedicated buttons for macro commands and media controls, the unique E.Y.E. OLED Command Module functions as the brains of the keyboard, allowing gamers to adjust multiple aspects of their gaming environment including speaker/microphone volume, backlighting brightness, multiple Respawn Timers and a game, website and application launcher.

Additional information and purchase options are available at: www.madcatz.com/strike5

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.

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Safe Harbor

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.

Source: Mad Catz Interactive, Inc.

Mad Catz Communications:
Alex Verrey, +44 (0) 1908-336-538
Global PR and Communications Manager
averrey@madcatz.com
or
Investor Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
mcz@jcir.com or +1-212-835-8500

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