MAD CATZ ENTERS INTO AGREEMENT FOR UK DISTRIBUTION OF TURTLE BEACH® GAMING HEADSETS

News Announcement For Immediate Release

San Diego– March 18, 2009 - Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has entered into an agreement with Voyetra Turtle Beach, Inc. whereby Mad Catz has secured the rights to distribute in the United Kingdom Turtle Beach’s Ear Force® X1, X3 and X4 (with Dolby® Digital surround sound) gaming headsets.

“Turtle Beach Ear Force gaming headsets have been very successful in the US market and we look forward to leveraging our growing European distribution capabilities to help Turtle Beach bring these outstanding products to gamers in the UK,” said Darren Richardson, President and Chief Executive Officer of Mad Catz.

According to Carmine Bonanno, President and CEO of Voyetra Turtle Beach,“Mad Catz has powerful global reach in the gaming accessories business and we are pleased to be working with them as we aim to grow our business in Europe.”

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 video game systems and publishes video game software, including the industry-leading GameShark video game 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 brand, and recently began manufacturing and marketing proprietary portable earphones under its AirDrives brand. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices across Canada, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.gameshark.com, www.airdrives.com, www.saitek.com and www.joytech.net.

About Voyetra Turtle Beach, Inc.

Turtle Beach ( www.turtlebeach.com) designs and markets high-quality audio peripherals for PC and video game platforms, including its growing line of Ear Force® gaming headphones and headsets for XBOX, PS3 and Nintendo game consoles and for personal computer games. Turtle Beach, with headquarters in Elmsford, New York, is a brand of Voyetra Turtle Beach, Inc. which has been at the forefront of music and audio technology for more than three decades and is recognized as a pioneer of today’s PC audio industry.

Turtle Beach and Ear Force are registered trademarks of Voyetra Turtle Beach, Inc. Xbox is a registered trademark of Microsoft, Corp. Dolby is a registered trademark of Dolby Labs. All other trademarks are property of their respective holders and are hereby acknowledged.

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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Contact:

Stewart Halpern Joseph Jaffoni, David Jacoby

Chief Financial Officer Jaffoni&Collins Incorporated

800/831-1442 212/835-8500 or mcz@jcir.com


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