MAD CATZ® SHIPS F.R.E.Q. ™9 WIRELESS SURROUND HEADSET FOR GAMING, AUDIO AND SMART DEVICES Surround Sound Bluetooth® Gaming Headset Adds New Dimension to Wireless Play San Diego – January 5, 2015 – Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) announced today the shipping of the F.R.E.Q. 9 Wireless Surround Headset, a gaming headset compatible with practically any audio source including PC and MAC, game consoles, mobile and smart devices. Winner of a CES Innovations 2014 Design and Engineering Award Honoree award, the F.R.E.Q. 9 represents the flagship in the Company’s F.R.E.Q. headset range and showcases a host of advanced technologies. In an industry first, F.R.E.Q. 9 allows gamers to enjoy expansive wireless surround sound via AM3D® Audio technology. AM3D transforms wireless audio, allowing 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. Continuing a tradition long established in the Company’s F.R.E.Q. line of gaming headsets, the F.R.E.Q. 9 features a discrete integrated mic which allows gamers to communicate online as well as use the headset with smart phones, tablets and more, all without the need of a boom mic obstructing their movement. With no need for a boom mic to be attached, gamers can stay connected with multiple devices and enjoy the headset in a variety of situations. The F.R.E.Q. 9 features premium Bluetooth® technology and can connect to practically any audio source thanks to the adapter box which connects to a standard digital optical or analogue source, transmitting wireless audio directly to the headset. “Mad Catz makes products which appeal to the passionate gamer, but today even those who play games as a primary hobby, use headsets throughout their day. Traditionally we accept the notion of using different headsets for each task. A dedicated headset and boom mic for gaming, earbuds for sport, and noise-cancelling headphones for travel. We think there’s a better way to introduce quality and value to a gaming audience and Mad Catz is excited to introduce the F.R.E.Q. 9 which we believe will cover all the users’ needs, and do so with remarkable audio fidelity,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “We think a gaming-inspired, premium headset which can function with practically any format is a welcome addition to the F.R.E.Q. range, and one which we think will add positive growth in 2015.” Reviewing the headset, Connected Digital World website remarked that the F.R.E.Q.9 was: “The best gaming headset we have ever used,” awarding the headset a full 5/5 score. The F.R.E.Q. 9 features state-of-the-art, digitally controlled Active Noise Cancellation (D-ANC) technology which reduces unwanted background noise. With noise cancellation active, gamers can hear the quietest of audio cues, crucial for providing the winning edge during play. The noise cancellation works in harmony with Binaural Monitoring, a further technology which constantly monitors ambient noise around the headset and allows users to activate a listen-through capability should, for example, they wish to engage in a conversation without needing to remove the headset. Support for the F.R.E.Q.9 is included in the Mad Catz app for Android™ or iOS™, allowing gamers to check battery level and activate the various features of the headset. aptX® enhanced wireless audio technology provides ultra-low latency audio over wireless, meaning that lip-synch issues, inherent to many Bluetooth headsets, are removed, crucial for enjoyment of gaming and movies. For additional information or to order your own F.R.E.Q. 9 please visit: http://store.madcatz.com/categories/headset-audio-category/Mad-Catz-F-R-E-Q-9-Wireless-SurroundHeadset-for-PC.html 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 Social Media 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 and F.R.E.Q. 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. Source Mad Catz Interactive, Inc. Mad Catz Communications: Alex Verrey Global PR and Communications Director averrey@madcatz.com or +44 (0) 1633 883 133 Karen McGinnis Chief Financial Officer kmcginnis@madcatz.com or 858-790-5008 Investor Relations: Joseph Jaffoni, Norberto Aja, Jim Leahy JCIR mcz@jcir.com or +1 (212) 835 8500 xxx