Wireless-N Gaming Adapter

San Diego, November 16, 2009

Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading worldwide third-party interactive entertainment accessory provider, today announced the shipping of the Wireless-N Gaming Adapter for use with Microsoft® Xbox 360 and Sony® PlayStation 3 videogame consoles.

Connecting via the Ethernet (WAN) port on either console, the Wireless-N Gaming Adapter (compatible with 802.11b/g/n networks) proves ideal for online play and content downloading. When using with a Wireless-N network, the Adapter offers a strong and stable connection to your Wireless-N broadband router/access point and delivers up to three times the range and speed (Up to 150Mbs) when compared to other ‘G’ gaming adapters running at speeds up to 54Mbs. Simple, yet versatile, the Wireless-N Gaming Adapter will also connect to any Ethernet ready device to offer instant Wireless-N connectivity!

Shipping with a 3.3ft Ethernet cable, gamers have the freedom to position their Adapter in a location that offers a premium wireless reception, negating the need to house in the direct vicinity of their console.

The Wireless-N Gaming Adapter offers an effortless setup procedure thanks to the Quick Setup Button, which provides seamless gaming console integration when used in conjunction with a router or access point featuring WPS (Wi-Fi Protected Setup button).

Darren Richardson, President and Chief Executive Officer of Mad Catz commented, “With more HD entertainment content and online gaming being delivered via Xbox Live® and PSN™, we anticipate the need for Wireless-N gaming adapters will increase. Our Wireless-N Adapter allows Xbox 360 users to access the network wirelessly and for PS3 users to upgrade their wireless technology to the faster N standard.”

The Wireless-N Gaming Adapter for Xbox 360 and PlayStation 3 is available at the Mad Catz online store ( http://store.gameshark.com or http://www.gamesharkstore.net) and is shipping now across North America and key European territories retailing for an MSRP of $79.99 and £49.99/€59.99.

For further information please contact:

Media

Alex Verrey: Global PR & Communications Manager

t. +44 (0) 1908 336 538

e. averrey@madcatz.com

Michael Greco: Vice President of Marketing

t. +1-619-321-3564

e. mgreco@madcatz.com

Investors

Stewart Halpern: Chief Financial Officer

t. +1-619-321 3550

e. shalpern@madcatz.com

Joseph Jaffoni, Norberto Aja and Jim Leahy

Jaffoni and Collins Incorporated

t. 212/835-8500

e. mcz@jcir.com

About Mad Catz Interactive, Inc.

Mad Catz is a global leader in providing innovative peripherals for the interactive entertainment industry. Mad Catz designs and markets accessories for videogame systems and publishes videogame software, including the industry-leading GameShark videogame enhancements, under its Mad Catz, GameShark and Joytech brands. Mad Catz also designs and markets mice, keyboards, headsets, PC gaming controllers and other PC peripherals through its Saitek and Cyborg brands, and manufactures and markets proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products across North America and Europe, and is increasing its distribution reach in Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com and www.saitek.com.

Safe Harbor for Forward Looking Statements: 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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