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 Mad Catz Interactive, Inc. (the "Company") (NYSE MKT: <a class="ticker" href="/stock/mcz#NYSE MKT">MCZ</a>), today 
 announced that on February 20, 2017, it received notice from the NYSE 
 MKT indicating that, based on the Company's stockholders' deficit of 
 $2.7 million as reported in its Quarterly Report on Form 10-Q for the 
 quarter ended December 31, 2016, the Company is not in compliance with 
 Sections 1003(a)(i) or 1003(a)(ii) of the NYSE MKT Company Guide (the 
 "Company Guide"). Section 1003(a)(i) of the Company Guide requires a 
 company that has had losses from continuing operations in two of its 
 three most recent fiscal years to have at least $2.0 million of 
 stockholders' equity. Section 1003(a)(ii) of the Company Guide requires 
 a company that has had losses from continuing operations in three of its 
 four most recent fiscal years to have at least $4.0 million of 
 stockholders' equity. The Company is required to and expects to submit a 
 plan to the NYSE MKT by March 22, 2017 advising of actions it has taken 
 or intends to take to regain compliance with the continued listing 
 standards by August 20, 2018. If the Company fails to submit a plan by 
 the deadline, or if the Company's plan is not accepted by the NYSE MTK 
 or it fails to regain compliance by the deadline, the NYSE MKT may 
 commence delisting procedures.
 
 
 The Company's common stock will remain listed on the NYSE MKT while it 
 attempts to regain compliance with the above noted listing standards, 
 subject to the Company's compliance with other continued listing 
 requirements. The Company's common stock will continue to trade under 
 the symbol "MCZ," but will be included in the list of noncompliant 
 issuers and an indicator will be disseminated with the Company's symbol 
 to indicate that it is not in compliance with the NYSE MKT's listing 
 standards. The NYSE MKT notification does not affect the Company's 
 business operations or its SEC reporting requirements and does not 
 conflict with or cause an event of default under any of the Company's 
 material agreements.
 
 
 About Mad Catz
 
 
 Mad Catz Interactive, Inc. ("Mad Catz") (NYSE MKT: <a class="ticker" href="/stock/mcz#NYSE MKT">MCZ</a>) is a global 
 provider of innovative interactive entertainment products marketed under 
 its Mad Catz® (gaming) and Tritton® (audio) brands. Mad Catz products 
 cater to gamers across multiple platforms including in-home gaming 
 consoles, handheld gaming consoles, Windows PC and Mac® computers, smart 
 phones, tablets and other smart devices. Mad Catz distributes its 
 products through 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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.madcatz.com&amp;esheet=51515359&amp;newsitemid=20170223006348&amp;lan=en-US&amp;anchor=www.madcatz.com&amp;index=1&amp;md5=21ccf7cb59b7dccbb066bda6f54b777a" rel="nofollow" rel="nofollow">www.madcatz.com</a>.
 
 
 Social Media
 
 
 Facebook: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FMadCatz.Global&amp;esheet=51515359&amp;newsitemid=20170223006348&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.facebook.com%2FMadCatz.Global&amp;index=2&amp;md5=dfde47e442986707d36219e2b22f70e1" rel="nofollow" rel="nofollow">https://www.facebook.com/MadCatz.Global</a> Twitter: 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2FMadCatz&amp;esheet=51515359&amp;newsitemid=20170223006348&amp;lan=en-US&amp;anchor=http%3A%2F%2Ftwitter.com%2FMadCatz&amp;index=3&amp;md5=12c61ff643c591911fce9aea04bfc256" rel="nofollow" rel="nofollow">http://twitter.com/MadCatz</a> YouTube: 
 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2FMadCatzCompany&amp;esheet=51515359&amp;newsitemid=20170223006348&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.youtube.com%2FMadCatzCompany&amp;index=4&amp;md5=731ee2d5a1bbe7eb926ee659248bb2ca" rel="nofollow" rel="nofollow">http://www.youtube.com/MadCatzCompany</a>
 
 
 Cautionary Note Regarding Forward-Looking Statements
 
 
 Information in this press release that involves the Company&#39;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 "seek," "anticipate," 
 "plan," "estimate," "expect," "believe" and "intend" and statements that 
 an event or result "may," "will," "should," "could" or "might" occur or 
 be achieved and other similar expressions together with the negative of 
 such expressions. These forward-looking statements reflect management's 
 current beliefs and expectations and are based on information currently 
 available to management, as well as its analysis made in light of its 
 experience, perception of trends, current conditions, expected 
 developments and other factors and assumptions believed to be reasonable 
 and relevant in the circumstances. These assumptions include, but are 
 not limited to, continuing demand by consumers for video game systems 
 and accessories, the ability to maintain or extend our existing 
 licenses, the ability to continue producing and selling our products in 
 accordance with various intellectual property that might apply to said 
 products, the continuance of timely and adequate supply from third party 
 manufacturers and suppliers, the continued satisfaction of our 
 obligations under our existing loan agreements and any future loan 
 agreements we may obtain, the continual trading or quotation on a market 
 exchange, and that the trading volume of the Company's common stock will 
 be sufficient to provide for an efficient trading market or whether 
 quotes for the Company's common stock may be blocked in the future. A 
 further list and description of these and other factors, risks, 
 uncertainties and other matters can be found in the Company&#39;s most 
 recent annual report, and any subsequent quarterly reports, filed with 
 the U.S. Securities and Exchange Commission and the Canadian Securities 
 Administrators. Forward-looking statements are not guarantees of future 
 performance or outcomes and actual results could differ materially from 
 those expressed or implied by the forward-looking statements. We assume 
 no obligation to update or alter such forward-looking statements whether 
 as a result of new information, future events or otherwise except as 
 required by law.
 
 
 Mad Catz, and the Mad Catz logo are trademarks or registered trademarks 
 of Mad Catz Interactive, Inc., its affiliates and/or subsidiary 
 companies. All other marks are the property of their owners.
 
 
 
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