PRESS RELEASE

San Diego – November 23, 2011 – Mad Catz Interactive, Inc. ("Mad Catz") (AMEX/TSX: MCZ) announced today the shipping of a new range of Rock Band 3 game and hardware bundles for the Xbox 360 video game and entertainment system from Microsoft. The Rock Band 3 bundles include select Rock Band hardware, a copy of the Rock Band 3 game and a code allowing gamers to download five tracks by the internationally renowned Red Hot Chili Peppers. Available across North America, the Rock Band 3 bundles are available from Amazon, GameStop and other leading video game retailers.

Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. stated, "We believe that bundling hardware, software and complementary tracks by the Red Hot Chili Peppers represents superb value for money and further demonstrates our commitment to delivering unique entertainment experiences through software publishing and specialty hardware."

Learn to play guitar with the new Rock Band 3 game and Wireless Fender Mustang PRO-Guitar Controller. Starter bundles include Rock Band 3 game with Wireless Fender Precision Bass Guitar Controller and Rock Band 3 game with Wireless Fender Stratocaster Guitar Controller.

Each Rock Band 3 bundle will include a code enabling gamers to download five Red Hot Chili Peppers tracks: Californication, Otherside, Under the Bridge, By the Way, and The Adventures of Rain Dance Maggie.

Additional information is available at http://rockband.gameshark.com/

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.