***PRESS RELEASE***

San Diego – January 18, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today that it has entered into a PlayStation® Accessory Licensing Agreement with SCEJ (Sony Computer Entertainment Japan), a division of Sony Computer Entertainment Inc.

The agreement permits Mad Catz to manufacture and distribute products designed for use with the PlayStation 3 computer entertainment system and the PlayStation Vita portable entertainment system throughout Japan.

“Since we announced the opening of our sales and marketing office in Japan, we have moved rapidly to build brand awareness, localize products and partner with Japanese publishers and developers,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “Securing a Licensing Agreement with SCEJ is an important step in growing our distribution footprint as we continue our pursuit of growing our international business.”

The first licensed products released throughout Japan as part of the agreement was a selection of licensed PlayStation Vita accessories, now shipping throughout the region.

PlayStation is a registered trademark of Sony Computer Entertainment Inc.

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 .