New Agreement Signifies First Step in the OUYA Everywhere Initiative

M.O.J.O. Price Cut to $199.99 MSRP

SAN DIEGO & SANTA MONICA, Calif. -- (Business Wire)

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/ TSX: MCZ) and OUYA announced today a content agreement to bring OUYA^® to the Mad Catz M.O.J.O.^™Micro-Console^™for Android^™. In addition, the price of M.O.J.O. will be reduced to an MSRP of $199.99 in the United States with similar price adjustments taking place in all major territories.

Announced earlier this week, the OUYA Everywhere initiative aims to bring OUYA to a wide variety of devices, with the M.O.J.O. Micro-Consolebeing the first. OUYA on M.O.J.O. is expected to debut later this spring with all existing and upcoming OUYA content available on the Mad Catz Micro-Console.

"Up until now, the game console experience has been locked inside a box,” said Julie Uhrman, CEO and founder of OUYA. “Together with the hardware veterans at Mad Catz, we end that. Today’s announcement signifies the inception of a truly open platform where independent developers can bring their creations to the platforms where gamers actually play: everywhere."

“With more than 680 games and 33,000 developers signed up, OUYA features an impressive catalogue of content from AAA developers and independent publishers, all of which are designed to replicate the core gaming experience, taking advantage of the TV and controller,” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. “This agreement with OUYA encapsulates our vision of an open software platform powered by M.O.J.O.’s high-performance hardware, and supported by the entire ecosystem of GameSmart™ gaming accessories. We believe today’s announcements will widen the appeal of M.O.J.O. introducing it to a greater number of passionate gamers.”

For additional information and to order, please visit: www.madcatz.com/mojo/

For more information on OUYA, please visit: www.ouya.tv

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows® PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com

Social Media

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About OUYA

OUYA is a new kind of game platform that enables any creator to publish a game for the TV. Launched with the OUYA game console in 2013, OUYA has hundreds of games from established AAA developers to emerging game artists. The OUYA also has plenty of entertainment content in 1080p HD quality. OUYA, built on an accessible and open platform, was envisioned by founder and CEO Julie Uhrman. The OUYA console was beautifully designed by award-winning designer Yves Behar.

Website | Facebook | @playOUYA

Cautionary Note Regarding Forward-Looking Statements

Information in this press release that involves the Company's expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of 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 the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include 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; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company's most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Mad Catz, the Mad Catz logo, M.O.J.O., and GameSmart are trademarks or registered trademarks of Mad Catz Interactive, Inc., its affiliates and/or subsidiary companies. All other company and product names may be trademarks of their respective owners.

Contacts:

Mad Catz Communications:
Alex Verrey, +44 (0) 1633 883 133
Global PR and Communications Director
averrey@madcatz.com
or
Karen McGinnis, 619-683-9830
Chief Financial Officer
kmcginnis@madcatz.com
or
OUYA Communications:
TriplePoint PR
Chris Schmidt, 415-205-8847
chris@triplepointpr.com
or
Investor Relations:
JCIR
Joseph Jaffoni, Norberto Aja, Jim Leahy
+1 212-835-8500
mcz@jcir.com

Source: Mad Catz Interactive, Inc.