MIDWAY’S FREAKY FLYERS DELIVERS ALL-NEW AIRPLANE RACING ADVENTURE WITH VIBRANT 3-D INTERACTIVE WORLDS

First-and-Only, Fast-and-Furious, Fully Open 3-D Airplane Racing Adventure Takes Flight

CHICAGO – March 3, 2003 – Midway Games Inc. (NYSE: MWY), a leading software industry publisher and developer, announced today that Freaky Flyers, the first-and-only, fast-and-furious, 3-D airplane cart racing-adventure game is scheduled to ship in July for the PlayStation2 computer entertainment system, the Xbox video game system from Microsoft and Nintendo GameCube.

Freaky Flyers drops players into the cockpit with the most unique and engaging cast of characters to ever explore, adventure, stunt fly and dogfight in the videogame skies. Intertwining stories and engaging aerial combat add to the excitement throughout completely open and interactive 3-D world environments. Adding to the intensity is multiplayer action that allows gamers to do battle head-to-head in aerial racing combat.

 “Gamers will be completely immersed in each character’s story as they race and engage in stunt flying and aerial dogfighting, while exploring vast environments,” said Helene Sheeler, vice president of marketing, Midway. 

Freaky Flyers quickly lures players in with an intriguing, humorous storyline that includes 13 engaging characters and a hilarious soundtrack featuring eight original songs. The adventure of Freaky Flyers also takes gamers to exciting locations such as Exotic Danger Island, where lush jungles and lagoons teem with all manner of peril, from pirates to pythons. Players may also find themselves in Roaring Chicago for a swinging time in the big city or in the depths of Haunted Transylvania, a dark and foreboding destination filled with craggy peeks and haunted castles. In addition, players can travel with more than a dozen unique and alluring characters such as the true-blue American hero, Johnny Turbine, the pinnacle of German discipline, Traci Torpedoes, or the spicy bandita from south of the border, Cactus Rose.

Freaky Flyers Key Features:

• Interactive Worlds – Explore numerous completely open and interactive 3-D worlds
• Intriguing Storyline – A complex, branching adventure takes the player through each character’s storyline
• Zany Characters – 13 outrageous characters with loads of jokes and visual humor and more than 20 secret characters to unlock
• Stunt Flying – Skill-oriented stunt flying that provides the player with the thrills of doing dangerous aerial stunts
• Adventure Racing – Easy-to-learn, hard-to-master aerial racing excitement
• Aerial Dogfighting – Competitive aerial dogfighting combat for players to unleash their inner warrior
• Multiplayer Action – Sophisticated multiplayer capability, including head-to-head mode
• Awesome Soundtrack – Includes a hilarious original soundtrack with eight outrageous songs
• Spectacular Cinematics – More than 90 minutes of cinematics follow each character’s unique and engaging storyline as it unfolds in a movie-quality presentation

Midway Games Inc. is a developer and publisher of interactive entertainment software. Midway videogames are available for play on videogame platforms including the PlayStation^®2 computer entertainment system, Xbox, Nintendo GameCube and Game Boy^® Advance.

For more information about Midway Games visit www.midway.com.

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FREAKY FLYERS and all character names are trademarks of  Midway Home Entertainment Inc.  MIDWAY is a registered trademark of Midway Amusement Games, LLC.  “PlayStation” and the “PS” Family logo are registered trademarks of Sony Computer Entertainment Inc.  Xbox is a trademark of Microsoft Corporation in the United States and/or other countries. Nintendo GameCube and Game Boy Advance are trademarks of Nintendo. Ó 2001 Nintendo. All other trademarks are the property of their respective companies.

This press release contains forward-looking statements concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in the Company's current Transition Report on Form 10-K and the other filings made by the Company with the Securities and Exchange Commission.

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