***PRESS RELEASE***

San Diego – January 12, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the SwitchBlade Wireless Headset, expected to ship worldwide in spring 2012. Featuring Bluetooth technology, the new headset is for use with the PlayStation 3 computer entertainment system from Sony and will be released under the Company’s TRITTON professional gaming audio brand.

Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. stated, “The SwitchBlade headset represents the first in a series of PlayStation 3 headsets which we expect to ship throughout 2012.”

The SwitchBlade Wireless Headset comes complete with rechargeable batteries and docking station and is able to pair with two devices simultaneously, allowing gamers to connect with the PlayStation 3 in addition to a mobile phone. In addition, the unique dynamically folding boom mic allows gamers to switch the device on or off simply by flicking the mic.

Additional information is available at: http://www.trittonusa.com/switchblade .

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 www.madcatz.com .



About CAPCOM

Capcom is a leading worldwide developer, publisher and distributor of interactive entertainment for game consoles, PCs, handheld and wireless devices. Founded in 1983, the company has created hundreds of games, including best-selling franchises Resident Evil, Street Fighter, Mega Man and Devil May Cry. Capcom maintains operations in the U.S., U.K., France, Germany, Tokyo, Hong Kong and Korea, with corporate headquarters located in Osaka, Japan. More information about Capcom and its products can be found at www.capcom.com or www.capcom-unity.com .