Mad Catz® Ships Tritton® ARK™ 100 Wired 7.1 Headset for PC

SAN DIEGO–(BUSINESS WIRE)–Mad Catz Interactive, Inc. (“Mad Catz” or “the Company”) (NYSE MKT:
MCZ), a global provider of innovative entertainment products, today
announced that it has commenced shipment of its new Tritton ARK 100
Wired 7.1 Headset for PC to its retail customers.

Connecting via USB, the ARK 100 for PC features
advanced audio customization software, which places the gamer center
stage and fully in control of the audio environment. The 7.1 surround
sound is delivered through 60 mm and 10 mm drivers in each earcan,
providing a full 360 degrees of positional awareness, while a boom
microphone with dual chat mic system works to cancel out background
noise and improve the clarity of the player’s voice and communications
with teammates and other players.

Like the ARK 100 Wired Stereo Headset for PS4 and Xbox One, the ARK 100
for PC showcases three key innovations:

• Audionomics – A unique, dynamic mono-curve design that
  unifies audio fidelity and ergonomics to achieve the ultimate
  experience in sound and comfort;
• R:Drive – Multiple frequency-specific speakers in each
  earcup, tuned by a three-mode equalizer, that combine to deliver a
  powerful, compromise-free immersive sound experience; and,
• Kameleon – Motion-dynamic RGB lighting that allows users
  to easily customize the illumination and look of the headset.

“The ARK 100 for PC raises the bar for PC gaming headset audio quality,
durability and comfort,” said Andrew Young, Chief Technology Officer at
Mad Catz. “Whether it be the unique comfort resulting from Audionomics,
the superior audio performance of R:Drive, or the customizability
provided by Kameleon lighting, the ARK 100 for PC is designed to
deliver the comfort, audio quality and customization that PC gamers seek
for optimum performance and gameplay enjoyment.”

The ARK 100 Wired 7.1 Headset for PC joins the existing ARK series of
innovative gaming headsets — the ARK 100 Wired Stereo Headset for PS4
and Xbox One — that began shipping in October 2016.

For additional information on the Tritton ARK series of Gaming Headsets,
including where to purchase the ARK 100 for PC, please visit: www.trittonaudio.com/ark.

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) and Tritton® (audio) brands. Mad Catz products
cater to gamers across multiple platforms including in-home gaming
consoles, handheld gaming consoles, Windows PC and Mac® computers, smart
phones, tablets and other smart devices. Mad Catz distributes its
products through many leading retailers around the globe. Headquartered
in San Diego, California, Mad Catz maintains offices in Europe and Asia.
For additional information about Mad Catz and its products, please visit
the Company’s website at www.madcatz.com.

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Cautionary Note Regarding Forward-Looking Statements

Information in this press release that involves the Company’s
expectations, business prospects, plans, intentions or strategies
regarding its future are forward-looking statements that are not facts
and that involve substantial risks and uncertainties. You can identify
these statements by the use of words such as “seek,” “anticipate,”
“plan,” “estimate,” “expect,” “believe” and “intend” and statements that
an event or result “may,” “will,” “should,” “could” or “might” occur or
be achieved and other similar expressions together with the negative of
such expressions. These forward-looking statements reflect management’s
current beliefs and expectations and are based on information currently
available to management, as well as its analysis made in light of its
experience, perception of trends, current conditions, expected
developments and other factors and assumptions believed to be reasonable
and relevant in the circumstances. These assumptions include, but are
not limited to, continuing demand by consumers for video game systems
and accessories, the ability to maintain or extend our existing
licenses, the ability to continue producing and selling our products in
accordance with various intellectual property that might apply to said
products, the continuance of timely and adequate supply from third party
manufacturers and suppliers, the continued satisfaction of our
obligations under our existing loan agreements and any future loan
agreements we may obtain. A further list and description of these and
other factors, risks, uncertainties and other matters can be found in
the Company’s most recent annual report, and any subsequent quarterly
reports, filed with the U.S. Securities and Exchange Commission and the
Canadian Securities Administrators. Forward-looking statements are not
guarantees of future performance or outcomes and actual results could
differ materially from those expressed or implied by the forward-looking
statements. We assume no obligation to update or alter such
forward-looking statements whether as a result of new information,
future events or otherwise except as required by law.

Mad Catz, the Mad Catz logo, Tritton, and ARK are trademarks or
registered trademarks of Mad Catz Interactive, Inc., its affiliates
and/or subsidiary companies. All other marks are the property of their
owners.

Contacts

Mad Catz Communications:
US PR:
Dalin Cienfuegos,
+1-858-790-5069
Regional Marketing Manager
dcienfuegos@madcatz.com
or
European
PR
Sabrina Breuss, +49 8954675734
Senior Manager, Marketing
and Partner Relations
sbreuss@madcatz.com
or
Dave
McKeon, +1-858-790-5045
Chief Financial Officer
dmckeon@madcatz.com
or
Investor
Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
+1-212-835-8500
mcz@jcir.com