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Mad Catz Ships The WarheadTM 7.1 Wireless Surround Headset for Xbox 360

Press Release:

San Diego – August 21, 2012 – Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today the shipping of the Warhead 7.1Wireless Surround Headset, for use with the Xbox 360 video game and entertainment system from Microsoft.

The flagship in the Company’s exclusive range of Xbox 360 gaming headsets, the Warhead 7.1 is the first headset in the world to deliver two-way communication via the Xbox 360 console, negating the need for a chat cable or adapter to be connected to the gamers’ controller.

“We believe premium products such as the Warhead 7.1 have longer product life spans and offer the best means for us to target competitive and passionate gamers who demand the best.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “In addition to our focus on creating new products, we also look forward to leveraging our expanded geographic footprint and worldwide sales and marketing initiatives to bring added visibility to this one-of-a-kind product.”

The Warhead 7.1 Wireless Surround Headset features 5.8GHz wireless technology and Dolby® Headphone 7.1 surround sound. In addition, theWarhead 7.1 offers gamers an array of features including twin ‘hot-swappable’ rechargeable lithium-ion battery packs, Selectable Voice Monitoring (SVM), EQ modes for movies, music and gaming and an on screen battery-indicator display.

The Warhead 7.1 Wireless Surround Headset is available for purchase from Best Buy® stores, www.bestbuy.com, and Mad Catz storewww.madcatz.com.

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