Mad Catz Introduces New Saitek High-Performance Cross Compatible Game Pads

San Diego, November 26th, 2008

Mad Catz™ Interactive, Inc. (“Mad Catz” or“the Company”) (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today a new range of Game Pads due to be launched under its Saitek brand which offer cross compatibility among multiple formats.

The range includes the PS1000 Dual Analog GamePad and PS2700 Rumble GamePad both of which offer compatibility with PLAYSTATION®3, PlayStation™2 and PC platforms, as well as the P3200 RumblePad and Cyborg RumblePad which offer compatibility with Xbox 360™ and PC platforms.

The PS1000 Dual Analog GamePad has been designed to high levels of engineering resulting in a noticeable improvement to in-game performance on all compatible platforms chosen by the gamer. Featuring a full compliment of Action Buttons, Triggers and Dual Analog Thumbsticks, the PS1000 features a unique‘Precision Aim Button’ which slows down the response from the right Thumbstick, thus greatly simplifying aiming and allowing for precision aiming during frantic game play, ideal for FPS (First Person Shooter) titles.

When used on a PC with Games For Windows® software, the PS1000 Dual Analog GamePad features a highly intuitive programmable feature, allowing gamers to map keyboard strokes to the Game Pad’s various Action Buttons.

The PS2700 Rumble GamePad for PLAYSTATION 3, PlayStation 2 and PC, offers identical specifications as the PS1000 but comes equipped with additional features designed to offer yet more control and freedom to the gamer. Powerful Rumble Feedback when used with compatible PC and PlayStation 2 software provides realistic, tactile immersion and the newly developed Cyborg Module transforms the controller, allowing gamers to customize their controls for their personal preference. Simply by unclipping and rotating the Cyborg Module, gamers can alternate the position of the Analog Thumbstick and D-Pad thus allowing the gamer to choose the position best matching his or her gaming style.

The P3200 RumblePad for Xbox 360 and PC features a full compliment of Action Buttons, Triggers and Dual Analog Thumbsticks and again features powerful Rumble Feedback to enhance compatible software. Like the PS1000, the P3200 RumblePad also offers users the chance to program the individual Action Buttons when used on a PC and playing Games For Windows® software. In addition, the P3200 includes an LED Display Indicator, alerting users of player and Xbox Live™ notifications keeping gamers in control of every aspect of their gaming experience.

The Cyborg RumblePad for Xbox 360 and PC offers identical specifications to the P3200 RumblePad but also includes the Cyborg Module, allowing gamers to customize their controls to suit their desired gaming style.

Darren Richardson, President and Chief Executive Officer of Mad Catz commented,“Ideal for those who enjoy software on multiple platforms, the new range of Saitek branded GamePads offers a perfect combination of quality engineering and state of the art features such as Precision Aim and the Cyborg Module which we believe gamers will respond to enthusiastically around the world.”

The new range of Saitek GamePads is expected to ship in the calendar fourth quarter of 2008.

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

Joseph Jaffoni, David Jacoby - Jaffoni&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 brand, and designs, 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 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.

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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