***Press Release***

San Diego – January 10, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the shipping of the licensed Major League Gaming (“MLG”) Pro Circuit Controller. The new tournament grade controller has been specifically designed for the competitive and professional gamer. Engineered to perform at the highest possible level, the MLG Pro Circuit Controller is available now for the Xbox 360 video game and entertainment system from Microsoft and the PlayStation 3 computer entertainment system from Sony.

“The MLG Pro Circuit Controller with its tournament grade components and ProModule system has been very well received by the pro gaming community.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “We anticipate the MLG Pro Circuit Controller will be the weapon of choice for the most demanding gamer and professional player.”

Additional information is available at www.madcatz.com/mlg .

About Mad Catz

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed primarily under its Mad Catz (casual gaming), Cyborg (pro gaming), Tritton (gaming audio), Saitek (simulation), and Eclipse™ (home and office) brands. Mad Catz also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; operates a videogame content website under its GameShark 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 Madcatz.com .