Game based on hit franchise from 2K Games builds upon expanding initiatives in online gaming and region

NEW YORK, May 23, 2011 (BUSINESS WIRE) --

"One of 2K's key long-term initiatives is to bring our groundbreaking, triple-A entertainment experiences to broader audiences through emerging online platforms and markets," said Christoph Hartmann, president of 2K. "Our partnership with XLGAMES underscores our ongoing commitment to expanding 2K's presence in online gaming and the Asian market by leveraging our creative expertise with companies that are proven leaders in the region. With the addition of the XLGAMES partnership, we have now announced three exciting projects to develop online games in Asia."

"This is a great partnership between XLGAMES and 2K," added Mr. Song. "We have already been working together for a year on the game, and I can tell you this is one of the most exciting projects that I've ever undertaken. I cannot wait to launch this collaboration, which illustrates our shared development talent and passion to create cutting-edge entertainment experiences."

Hubert Larenaudie, president of Take-Two Asia concluded, "In all my years in the Asian gaming industry, I have never met a game creator with Jake's experience and caliber. I have no doubt that he will deliver another stellar title for the Asian market."

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer and publisher of interactive entertainment software games for the PC, PlayStation ® 3 and PlayStation ® 2 computer entertainment systems, PSP ® (PlayStation ® Portable) system, Xbox 360 ® video game and entertainment system from Microsoft, Wii TM , Nintendo DS TM , iPhone ® , iPod ® touch and iPad TM . The Company publishes and develops products through its wholly owned labels Rockstar Games and 2K, which publishes its titles under 2K Games, 2K Sports and 2K Play. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.

About XLGAMES

XLGAMES was founded in 2003 by the iconic Korean developer Jake Song (Korean name - Song Jae Kyung), the developer of 'Lineage' and 'The Kingdom of the Winds'. XLGAMES is now developing the Next-generation Blockbuster MMORPG ArcheAge, which aims to be a game where players can pioneer and evolve their own world with their free will. ArcheAge, currently in the beta test phase, is already signed for distribution in China with Tencent, Japan with GameOn, and Taiwan, HongKong, Macao with GigaMedia. ArcheAge first introduced its signature features through G-Star, the largest game show in Korea, in 2010. For more information, please visit www.xlgames.com/en

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The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, our dependence on our Grand Theft Auto products and our ability to develop other hit titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our ability to raise capital if needed and risks associated with international operations. Other important factors and information are contained in the Company's Transition Report on Form 10-KT for the five month transition period ended March 31, 2010, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE: Take-Two Interactive

USA:

2K

Markus Wilding, 415-507-7514

markus.wilding@2k.com

or

Asia:

Take-Two Asia Pte Ltd

Karen Teo, (65) 6593 3147

karen.t@take2asia.com

or

Corporate Press:

Take-Two Interactive Software, Inc.

Alan Lewis, 646-536-2983

Vice President

Corporate Communications&Public Affairs

Alan.Lewis@take2games.com

or

XLGAMES, Inc.

Yvette Hyeran In, 82-10-3291-6710

hrin@xlgames.com 


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