Midway presents interactive entertainment of the future at GC 2006

FOR IMMEDIATE RELEASE

LONDON, UK, August 22, 2006 - Unveiling one of the most diversified and high powered lineups in its company history, Midway Games Inc. (NYSE: MWY), a leading interactive entertainment software publisher and developer, announced today its product portfolio to be shown at the annual Games Convention (GC), August 23-27 in Leipzig. This year's lineup showcases proven brands such as Unreal Tournament® 2007 and Mortal KombatÒ: Armageddon; exciting new properties such as Stranglehold; kid's properties like Happy Feet and The Ant Bully along with full support for both handheld and next generation game systems.

Stranglehold; a trailblazing blockbuster which is being produced in cooperation with the renowned all-out action film director John Woo and Hollywood star Chow Yun-Fat, and The Wheelman, which sees Midway joining forces with Vin Diesel, are just two of the highlights in Midway's production pipeline. Also featured at the show will be Unreal Tournament® 2007, the continuation of the successful games series, as well as the Hollywood tie-ins Happy Feet and The Ant Bully which Midway is releasing under license from Warner Bros.

In addition to showcasing their current games projects, Midway's CEO, David Zucker will be giving media and industry representatives a fascinating glimpse into global, cross-industry trends during a press conference entitled "Games at a Crossroad: How to Move Ahead of Hollywood".

"We are all greatly looking forward to the Games Convention 2006", stated Martin Spiess, Managing Director of Midway Games Ltd. "Our outstanding commitment both in advance of the show and at the show is our contribution to ensuring that the Games Convention, Europe's premier games event, gains worldwide recognition, and I believe that the conference is on its way to becoming a truly global event."

Midway's exciting GC product lineup with expected ship dates include:

Stranglehold (PLAYSTATION®3, Xbox 360, PC; Winter 2007) - Experience exhilarating, next-gen action for the PS3, Xbox 360 videogame and entertainment system from Microsoft and PC, as you continue the story of Inspector Tequila from John Woo's influential action film, "Hard Boiled" starring Chow Yun-Fat. Run into danger with both fists full of lead and take down the organized crime bosses who stepped over the line when they took your family. Stop at nothing as you destroy the entire world around you to get them back. You are a desperate man following your own rules; honor thy family; do what's right; fear no man.

(This product has not yet been product approved by Sony)

Unreal Tournament® 2007 (PC, PS3) -- The latest entry into the Unreal® franchise, Unreal Tournament® 2007, is currently in development by Epic Games Inc. Fans will be blown away by the next-generation game play, modifiability and visuals that Epic's Unreal® Engine 3 technology will bring to the franchise.

(This product has not yet been product approved by Sony

Mortal Kombat®: Armageddon (PlayStation®2 computer entertainment system; October 2006) -- Introducing Mortal Kombat: Armageddon -- the latest chapter in Midway's best-selling, award-winning, videogame 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, Mortal Kombat: Armageddon promises to be one of the most complete, intensely lethal, fighting experience ever!

Spy Hunter®: Nowhere to Run (PlayStation 2; September 2006) -- Spy Hunter®: Nowhere to Run takes the Spy Hunter franchise where it's never gone before - on foot. Featuring action superstar Dwayne "The Rock" Johnson as government super-spy extraordinaire Alex Decker, players for the first time ever can step out of the Interceptor and straight into third-person action, utilizing The Rock's physical prowess by taking down enemies with intense melee combat moves.

Happy Feet (PlayStation 2, Nintendo GameCube, Nintendo Wii, Game Boy® Advance, Nintendo DS, PC; November 2006) -- Based on Warner Bros. Pictures' upcoming comedy adventure Happy Feet, Midway's immersive video game puts the player in the "tap shoes" of Mumble, a young penguin born into a nation of singing Emperor Penguins where each needs a Heartsong to attract a soul mate. Unfortunately, Mumble is the worst singer in the worldhowever, as it happens, he is a brilliant tap dancer! Based on the general storyline of the film, the player will be able to experience life from the point of view of Mumble in music, dance and interaction with the friends and enemies of the penguin's world.

The Ant Bully (PlayStation 2, Nintendo GameCube, Game Boy Advance, PC; Fall 2006 - Nintendo Wii; November 2006) -- Go pick on someone your own size! After bullying an innocent ant colony, a young boy named Lucas is magically shrunk down to ant size and embarks on a remarkable adventure. Play as Lucas, experiencing the dangerous and thrilling life of an ant as you battle, explore and forge new friendships with natives and other species in his new ant world. Based on exciting moments from Warner Bros. Pictures upcoming digitally animated family adventure The Ant Bully, and featuring all-new challenges created especially for the game, help Lucas evolve from recluse to hero in his quest to save the colony from extermination

LA RUSH (PSP system; Fall 2006) -- For the first time ever on the PSP system, attempt mad jumps, high-flying stunts and arcade-style racing from the original LA RUSH franchise. Go head to head with a friend in a street race or cruise mission using wireless functionality, or experience Story Mode which allows you to race through 5 Los Angeles city re-creations while finding treacherous shortcuts and surviving death-defying jumps!

Mortal Kombat®: Unchained (PSP system; Fall 2006) -- Mortal Kombat®: Unchained takes the Mortal Kombat franchise to new heights with an innovative fighting system tailored for wireless functionality, unparalleled depth and brutally intense action that will appeal to long-time Mortal Kombat fans, as well as new gamers.

For more information about Midway's entire lineup of products being showcased during the Games Convention (GC) in Leipzig please stop by our booth (Hall 4, Stand E12, GC Family, Hall 2, Business Center Hall 2, Stand E50) or 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.

For More Information Contact:

Clare Turner

Midway - European PR Manager

+44 (0) 20 7382 7720

cturner@midway.com

Phil Robinson

Midway - UK PR Manager

+44 (0) 20 7382 7720

probinson@midway.com

Oliver Beck

Midway - PR Manager (Germany)

+49 (0)89/411891-44

obeck@midway.com

Nadia Thevenot

Midway - PR Manager (France)

+ 33 1 44 50 55 09

nthevenot@midway.com

Klaus Kock

c/o Indigo Pearl GmBH & Co. KG (Trade)

+49 40 25 33 02 62

kk@indigopearl.de

STRANGLEHOLD, MORTAL KOMBAT, MORTAL KOMBAT: ARMAGEDDON, MORTAL KOMBAT: UNCHAINED, SPY HUNTER: NOWHERE TO RUN, MIDWAY and the Midway logos are trademarks or registered trademarks of Midway Amusement Games, LLC. LA RUSH is a trademark of Midway Home Entertainment Inc.

UNREAL TOURNAMENT is a registered trademark of Epic Games Inc. Used under license.

HAPPY FEET and all related characters and elements are trademarks of and ® Warner Bros. Entertainment Inc.

THE ANT BULLY and all related characters and elements are ® Warner Bros. Entertainment Inc.

(s06)

"PlayStation" and the "PS" Family, "PLAYSTATION" are registered trademarks of Sony Computer Entertainment Inc.

Xbox, Xbox 360 and Xbox Live are registered trademarks of Microsoft Corporation in the United States and/or other countries.

Nintendo GameCube, Game Boy Advance and Nintendo DS are trademarks of Nintendo. ® 2001 Nintendo. Nintendo Wii and the Wii logo are trademarks of Nintendo. ® 2006 Nintendo.

All other trademarks are the property of their respective owners.

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. The Company's actual results could differ materially from those described in the forward-looking statements as a result of a number of risks and uncertainties, including, without limitation, the performance of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2005, and in other 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 the Company 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, except as required by law.