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Mad Catz® Announces the Launch of Saitek® Combat Pilot™

Download the Ultimate Combat Multiplayer Experience Today!

San Diego– December 18, 2012– Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ), announced today the launch of Saitek Combat Pilot , a unique, flight-based MMO (massively multiplayer online) experience which allows simulation enthusiasts from around the world to gather, interact and fly with each other as they engage in simulated air combat.

Published by Mad Catz and developed by the Company’s internal ThunderHawk Studios™, Saitek Combat Pilot represents the first truly interactive, multiplayer air combat simulation built around Flight Simulator X™ from Microsoft ? (sold separately).

Saitek Combat Pilot offers members the chance to train for and participate in combat flight operations under the most realistic conditions possible.? Flight simulation enthusiasts are among the most passionate and discerning consumers in the world and we believe they will embrace Combat Pilot as the ultimate multiplayer flight combat experience.” said Darren Richardson, President and Chief Executive Officer of Mad Catz.?“Our Saitek brand is synonymous with flight simulation and we will continue to support the flight simulation community with hardware and software offerings that simulate reality.”

A true multiplayer experience, those entering the world of Saitek Combat Pilot can create, join and fly in virtual squadrons with friends and wingmen, perform check rides and training, take part in weapons training, participate in dog fights and fully engage in combat operations and much more.

For more information or to download Saitek Combat Pilot go to www.combatpilotseries.com

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.

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