Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today its agreement with Namco Bandai Games Inc, to produce the Tekken Tag Tournament 2 Arcade FightStick, a Tournament Edition fighting game controller for use with the upcoming Tekken Tag Tournament 2 videogame. The agreement gives Mad Catz worldwide rights to ship products for the Xbox 360 ® video game and entertainment system from Microsoft, the PlayStation ®3 computer entertainment system from Sony ® and the forthcoming Wii U console from Nintendo. About Mad Catz Mad Catz Interactive, Inc. (AMEX/TSX: 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. Social Media Facebook: http://www.facebook.com/MadCatzIncTwitter: http://twitter.com/MadCatzIncYouTube: http://www.youtube.com/MadCatzCompany TEKKEN™ TAG TOURNAMENT 2 & ©2012 NAMCO BANDAI Games Inc. This product is manufactured under license from Microsoft Corporation. Microsoft, Kinect, Xbox, Xbox LIVE, Xbox 360, and the Xbox logos are trademarks of the Microsoft group of companies. Nintendo trademarks and copyrights are properties of Nintendo. PlayStation is registered trademark of Sony Computer Entertainment Inc. 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.