Mad Catz® Ships TRITTON™ Swarm™ Wireless Mobile Headset

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) announced today the shipping of the TRITTON Swarm Wireless Mobile Headset. Compatible with mobile and smart devices as well as wired connections to PC, Mac and the latest generation video game consoles, the TRITTON Swarm delivers discrete yet powerful Bluetooth technology hidden behind striking aesthetics.

With a choice of four metallic iridescent finishes, the TRITTON Swarmcombines fashion with technology, designed to blend seamlessly with the lives of the modern gamer. Behind the eye-catching looks, the TRITTON Swarm features a host of powerful technologies which provide optimized audio and control, regardless of audio source.

Capable of pairing with two devices simultaneously, the Swarm is ideal for gaming, yet able to automatically switch to the users’ smart phone when an important call comes in. Advanced aptX™ technology eliminates lip sync issues common to Bluetooth headsets, making the Swarm the perfect companion for late night movie watching.

Advanced wireless surround sound allows mobile gamers to pinpoint enemy movements and team mate positions with unrivalled accuracy. Based upon the same virtual surround technology used in mission critical missile warning systems by an F-16 Falcon™ jet fighter, AM3D Audio can convert any standard stereo audio signal into highly realistic military-grade 3D sound.

“TRITTON is known for its outstanding audio quality and we believe now is the time to further broaden the appeal of the brand. We believe the Swarm will resonate with today’s fashion conscious gamer, who typically plays across a variety of devices,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “Our headset business continues to account for a sizable percentage of global sales and today’s announcement illustrates our commitment to grow our business further throughout 2015.”

The TRITTON Swarm will be debuting at CES Las Vegas 2015 and can be seen via appointment only at the Mad Catz suite, located at the Westgate Las Vegas Resort & Casino, suite number: 12121. Mad Catz will also be unveiling the TRITTON Swarm at the ShowStoppers CES event, taking place the evening of January 6, 2015 at The Wynn, Las Vegas.

The TRITTON Swarm Wireless Mobile Headset is available in iridescent Blue, Red, Green and Black colors.

For additional information or to order your own TRITTON Swarm please visit: http://store.madcatz.com/TRITTON-Swarm-Wireless-Mobile-Headset-for-Android-iOS-Smart-Devices-PC-Mac-Gaming-Consoles

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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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, TRITTON and Swarm, 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.