***Press Release***



San Diego – January 10, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (AMEX/TSX: MCZ) announced today the F.R.E.Q.5 Pro Gaming Headset for PC, expected to ship Spring 2012 and being released under the Company’s Cyborg professional gaming brand.

“The new Cyborg F.R.E.Q.5 gaming headset makes a great addition the awarding winning Cyborg product range and is part of our broader strategy to grow our PC and audio market share.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “The F.R.E.Q. is part of our on going commitment to create new and innovative products for passionate consumers.”

The F.R.E.Q.5 features a lightweight durable metal headband and 50mm Neodymium drivers for superior stereo performance. The headset is uniquely designed to match the aesthetics of the Cyborg range, including the Company’s award winning range of R.A.T. pro gaming mice.

Additional information is available at: www.cyborggaming.com/freq .

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 .