MAD CATZ® SHIPS LICENSED KUNAI™ STEREO GAMING HEADSET FOR WII U™ CONSOLE AND NINTENDO 3DS™ HAND-HELD SYSTEM

New TRITTON™ Headset Compatible With Wii U Chat and Everyday Audio

San Diego – November 14, 2012 – Mad Catz Interactive, Inc. ("Mad Catz") (NYSE MKT: MCZ) announced today the shipping of the Kunai stereo gaming headset being released under the Company's TRITTON audio brand and compatible with the Wii U console and the Nintendo 3DS handheld entertainment system.

"The launch of Wii U marks a new generation of video game systems and we're excited to have a licensed headset available at launch." said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc. "We believe the ability to use the Kunai both for gaming and as an everyday set of headphones will appeal to the passionate gamer and allow us to grow market share at this crucial time of the formats development."

The Kunai headset is available in three striking colors: gloss-white, gloss-red and gloss-black. The Kunai features high quality 40mm neodymium speakers and a removable mic, proving ideal for gaming and everyday audio.

Additional information available at: www.madcatz.com/tritton-kunai-gaming-headset/

About Mad Catz
Mad Catz Interactive, Inc. (AMEX/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 also develops flight simulation software through its internal ThunderHawk Studios™; operates flight simulation centers under its Saitek brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. Mad Catz distributes its products through most leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com.

Safe Harbor
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.

Wii U and Nintendo 3DS are trademarks of Nintendo.

Source
Mad Catz Interactive, Inc.

Mad Catz Communications:
Alex Verrey
Global PR and Communications Manager
averrey@madcatz.com or +44 (0) 1908 336 538

Investor Relations:
Joseph Jaffoni, Norberto Aja, Jim Leahy
J C I R
mcz@jcir.com or +1 (212) 835 8500