Midway Announces This Generation's Final Chapter In Classic Franchise, Mortal Kombat: Armageddon

Mortal Kombat^®: Unchained^TM Announced for Sony PlayStation^® Portable (PSP^TM)

CHICAGO - February 28, 2006 - Midway Games Inc. (NYSE: MWY), a leading interactive entertainment industry publisher and developer, announced today that Mortal Kombat^®: Armageddon^TM, the final franchise installment on current generation systems featuring the most extensive cast of playable characters in the series to-date and an all-new create-a-fighter mode, is currently in development for the PlayStation^®2 computer entertainment system and the Xbox^® video game system from Microsoft. Mortal Kombat: Armageddon is expected to ship Fall 2006.

"As the final chapter of Mortal Kombat on current generation gaming platforms, we're eager to raise the bar for the fighting genre yet again with Mortal Kombat: Armageddon," said Steve Allison, chief marketing officer, Midway. "Building off of the tremendous successes of Mortal Kombat: Deception in October 2004 and Mortal Kombat: Shaolin Monks in September 2005, Mortal Kombat: Armageddon introduces the most comprehensive cast of playable characters from every Mortal Kombat title, both past and present, in addition to the first create-a-fighter mode in franchise history."

About Mortal Kombat: Armageddon

Introducing Mortal Kombat: Armageddon --- the latest chapter in the award-winning, best-selling video game fighting franchise. With the most complete Mortal Kombat roster ever, including every character from the Mortal Kombat fighting universe, revolutionary Create-A-Fighter and Create-A-Fatality modes, plus a brand new Konquest mode, Mortal Kombat: Armageddon promises to be the most complete, intensely lethal, fighting experience ever!

Midway also revealed today Mortal Kombat^®: Unchained^TM for the PSP^TM (PlayStation^® Portable) system from Sony. Mortal Kombat: Unchaine delivers the deepest fighting game ever on the PSP with the lethal intensity that helped establish the franchise as the ultimate fighting game of all time! With multiple fatalities per character, multi-tiered interactive backgrounds, extensive game modes including head-to-head Wi-Fi capabilities, six new fighters, and a new endurance mode Mortal Kombat: Unchained revolutionizes the fighting game genre once again and is expected to ship Fall 2006.

For more information about Mortal Kombat: Armageddon or Mortal Kombat: Unchained, please visit www.midway.com.

About Midway

Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.

MORTAL KOMBAT: ARMAGEDDON, MORTAL KOMBAT: DECEPTION, MORTAL KOMBAT: UNCHAINED, MORTAL KOMBAT: SHAOLIN MONKS and MIDWAY are trademarks of Midway Amusement Games, LLC. "PSP" is a trademark and "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Xbox is a registered trademark of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective companies.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2004, and in the more recent filings made by the Company with the Securities and Exchange Commission. Each forward-looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and Midway undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

For more information contact:

Tim DaRosa

Midway - Media Relations

773-961-2445

tdarosa@midwaygames.com

Geoffrey Mogilner

Midway - Investor Relations

773-961-2222

gmogilner@midwaygames.com

Tara Monahan

HighWater Group

212-338-0077 ext. 303

taram@highwatergroup.com