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Mad Catz Enters into Multi-Year License Agreement With Nintendo for Wii Rock Band(TM) Peripherals

November 6, 2008

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has entered into a multi-year licensing agreement with Nintendo of America Inc. whereby Mad Catz has secured the rights to produce and distribute peripherals for the critically acclaimed Rock Band(TM) video game for the Wii(TM) system.

The agreement provides Mad Catz these rights worldwide, outside of Asia. The products to be produced under the agreement are a bass guitar and a portable drum percussion set. Mad Catz expects these products to be available early in 2009.

“We are thrilled to enter into this agreement with Nintendo,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “Together we will provide Rock Band fans the opportunity to enhance their gameplay with Mad Catz’ premium instruments for Nintendo’s extremely popular Wii system.”

The Rock Band series of video games, published by MTV Games and developed by MTV Network’s Harmonix Music Systems, allows music fans and gamers to interact with music, challenging users to master the lead/bass guitar, drums and vocals as solo artists or cooperatively as part of their own band. Built on deals with the world’s biggest record labels and music publishers, the music featured in the Rock Band games span all genres of rock and includes many master recordings from the greatest songs and artists of all time. Rock Band for Wii is currently available in North America and in Europe.

About Mad Catz Interactive, Inc.

Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for video game systems and publishes video game software, including the industry-leading GameShark video game enhancements, under its Mad Catz, GameShark and Joytech brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Saitek brand, and designs, manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices across Canada, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.

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.




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