Mad Catz® Announces TRITTON® 720+™ 7.1 Surround Headset Featuring Dolby® Headphone Technology

  Mad Catz® Announces TRITTON® 720+™ 7.1 Surround Headset Featuring Dolby®
  Headphone Technology

New Headset Features Enhanced Drivers and 7.1 Surround Sound

Business Wire

SAN DIEGO -- August 29, 2012

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the
TRITTON 720^+ 7.1 Surround Headset, the upgrade to the Company’s TRITTON AX
720 Headset. Compatible with both the Xbox 360^® video game and entertainment
system from Microsoft and the PlayStation^®3 computer entertainment system
from Sony^®, the TRITTON 720^+ 7.1 Surround Headset is expected to ship in
September 2012.

The 720^+ features a number of key enhancements designed to offer superior
performance and sustained comfort. All new Neodymium drivers have increased in
size from 40mm to 50mm resulting in improved bass response and audio clarity.
Featuring the latest Dolby Headphone technology, the 720^+  delivers rich 7.1
Surround Sound, ideal for pinpointing in-game enemy movements or for enjoying
movie blockbusters. In addition, the 720^+ features Selectable Voice
Monitoring (SVM), allowing users to choose to hear their own voice through the
headset. Sporting a lightweight and flexible design, the 720^+ has been
designed for extended playing sessions and comes replete in an eye-catching
gloss white finish.

“Following our recent announcement of the Pro^+, we are pleased to continue
upgrading our range of TRITTON headsets with the announcement of the 720^+. We
expect the 720^+  to be a key product in our range as we continue to grow our
portfolio and market share within the headset sector.” said Darren Richardson,
the President and Chief Executive Officer of Mad Catz. “We believe the
enhanced features and upgraded design of the 720^+  further demonstrate our
commitment to offering market leading product which appeal to the passionate
gamer.”

Additional information and purchase options are available at:
www.trittonaudio.com/720plus

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) is a global provider
of innovative interactive entertainment products marketed under its Mad Catz^®
(gaming), Tritton^® (audio), and Saitek^® (simulation) brands. Mad Catz also
develops flight simulation software through its internal ThunderHawk Studios™;
operates flight simulation centers under its Saitek 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.

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Safe Harbor

This press release contains forward-looking statements about the Company's
business prospects that involve substantial risks and uncertainties. The
Company assumes no obligation to update the forward-looking statements
contained in this press release as a result of new information or future
events or developments. You can identify these statements by the fact that
they use words such as "anticipate," "estimate," "expect," "project,"
"intend," "should," "plan," "goal," "believe," and other words and terms of
similar meaning in connection with any discussion of future operating or
financial performance. Among the factors that could cause actual results to
differ materially are the following: the ability to maintain or renew the
Company's licenses; competitive developments affecting the Company's current
products; first party price reductions; the ability to successfully market
both new and existing products domestically and internationally; difficulties
or delays in manufacturing; or a downturn in the market or industry. A further
list and description of these risks, uncertainties and other matters can be
found in the Company's reports filed with the Securities and Exchange
Commission and the Canadian Securities Administrators.

Contact:

Mad Catz Communications:
Alex Verrey, +44 (0) 1908 336 538
Global PR and Communications Manager
averrey@madcatz.com
or
Investor Relations:
J C I R
Joseph Jaffoni, Norberto Aja, Jim Leahy
+1 (212) 835-8500
mcz@jcir.com