MAD CATZ® TEAMS UP WITH GIANTS SOFTWARE® TO CREATE DEDICATED SAITEK®-BRANDED FARMING SIMULATOR™ HARDWARE

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San Diego – December 16, 2014 - Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/ TSX: MCZ) announced today that it has teamed up with GIANTS Software to develop official, licensed simulation products for the Farming Simulator series of games on PC.  The products will be compatible with Farming Simulator 2013 and 2015 as well as subsequent versions of the popular series.

The new range of hardware is expected to ship in time for Holiday 2015 and will be released under the Company’s Saitek simulation brand.

“Mad Catz’ Saitek brand has long been the market leader in developing peripherals for flight simulation and is synonymous with precision and quality.  We are excited to bring the same level of engineering and realism to the farming simulator genre.  GIANTS Software has created a much loved simulation that has a loyal and passionate fan base.  Mad Catz is confident that the farming simulator community will embrace Saitek hardware, which we believe will bring an added dimension of realism and immersion to farming simulation,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We are focused on expanding the range and reach of our Saitek brand and working alongside GIANTS is a positive step in that direction.” 

Farming Simulator has been a runaway success for GIANTS and is now the best-selling simulation game in the world”, said Christian Ammann from GIANTS Software. “We are excited to partner with Mad Catz on the creation of dedicated peripherals for Farming Simulator”.

For additional information please visit: http://www.saitek.com/farmsim/

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/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 products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices.  Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe.   Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com

About GIANTS Software

GIANTS Software GmbH is a Swiss video game development studio based in Zurich. Since 2004, GIANTS Software has produced many innovative games and technologic products. For more information:

http://www.giants-software.com

Cautionary Note Regarding Forward-Looking Statements

Information in this press release that involves the Company's expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of 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 the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include  the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first-party price reductions; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company's most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators.  The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Mad Catz, Saitek and the Mad Catz logo are trademarks or registered trademarks of Mad Catz Interactive, Inc., its affiliates and/or subsidiary companies.  All other company and product names may be trademarks of their respective owners.

Source

Mad Catz Interactive, Inc.

Mad Catz Communications:

Alex Verrey

Global PR and Communications Director

averrey@madcatz.com or +44 (0) 1633 883 133

Karen McGinnis

Chief Financial Officer

kmcginnis@madcatz.com or (619) 683-9830

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