MCZAF Mad Catz Interactive Inc (CE)

Compact GameSmart™ Controller Delivers Full-Size Comfort, Compact Form Factor to Mobile Gamers

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX:MCZ) announced today the L.Y.N.X. 3 Mobile Wireless Controller, a highly-compact mobile game controller designed to deliver precision gaming control and outstanding value.

An ideal entry-level controller for the modern mobile gamer, the L.Y.N.X. 3 is expected to begin shipping in Spring 2015 and complements the newly-announced, award-winning L.Y.N.X. 9 hybrid mobile controller. Designed for those who value performance combined with lightweight portability, the L.Y.N.X. 3 retains the transformative patent-pending design qualities of the L.Y.N.X. 9, delivering a full-size console-style controller which folds up during travel to an extremely compact footprint.

“We’re thrilled with the attention the L.Y.N.X.9 has garnered and proud of the multiple ‘Best of CES’ awards received when we unveiled the new controller in January 2015. We’re excited to now introduce the L.Y.N.X. 3 as the newest member in the L.Y.N.X. range - a new mobile gaming controller designed to convey the same striking looks and Bluetooth® technology, at a price point which we believe will resonate strongly with passionate mobile gamers,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We expect that mobile gaming will see strong growth in 2015, and we believe our strategy of offering console-quality controllers for every budget will allow our GameSmart range to contribute positively to our sales in fiscal 2016.”

The L.Y.N.X. 3 features a removable mobile clip for docking a smartphone when on the move and a full complement of analog thumbsticks, action buttons and trigger controls, allowing core gamers to feel instantly at home. In addition, gamers are encouraged to download the companion L.Y.N.X. app which will unlock additional functionality and keep gamers up to date with compatible software.

The L.Y.N.X. 3 will debut March 1, 2015, at MobileFocus Global 2015 in Barcelona, and will be on display the next day at the Mobile World Congress, also in Barcelona, at the Silicon Image®/MHL® booth, hall 7, number 7F31.

For additional information please visit: http://madcatz.com/gamesmart_lynx_3/

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

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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; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; 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, GameSmart and L.Y.N.X. 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.

Mad Catz Communications:Alex Verrey, +44 (0) 1633 883 133Global PR and Communications Directoraverrey@madcatz.comorKaren McGinnis, 858-790-5008Chief Financial Officerkmcginnis@madcatz.comorInvestor Relations:Joseph Jaffoni, Norberto Aja, Jim LeahyJCIRmcz@jcir.com or +1 212-835 8500

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