HIGHLY ANTICIPATED SPYHUNTER 2 CONTINUES GLOBAL INTRIGUE WITH ALL-NEW INTERCEPTOR, MORE WEAPONS AND SEXY FEMALE AGENT

The Unique World of SpyHunter Expands in SpyHunter 2, Featuring an All-New Devastatingly Powerful and Customizable G-8155 Interceptor with Brand-New Vehicle Transformations

CHICAGO – March 31, 2003 – Midway Games Inc. (NYSE: MWY), a leading software industry publisher and developer, announced today that SpyHunter 2, the high-speed, mission-based, action/combat racing game is scheduled to ship in fall 2003 for the PlayStation2 computer entertainment system, the Xbox video game system from Microsoft and Nintendo GameCube.

SpyHunter 2 is a powerful progression in the mission to save the world from the sinister grip of the global criminal terrorist group, Nostra. SpyHunter 2 features an all-new, extremely powerful and customizable G-8155 Interceptor with new vehicle transformations such as an off-road 4-wheel drive vehicle, an off-road motorcycle and a snow ski. In addition, the gameplay includes upgradable offensive and defensive weaponry, as players fend off enemy vehicles throughout massive levels set across enormous regions. A new mysterious, sexy female agent has also been added to the mix to increase the intensity of SpyHunter 2’s fast-paced action.

“SpyHunter 2 defines the next level of high-speed, mission-based action/combat racing,” said Helene Sheeler, vice president of marketing, Midway. 

SpyHunter 2 introduces an all-new terrorist threat and it is up to Alec Sects to command the world’s most sophisticated super spy vehicle to save the world. Exclusive weaponry such as an auto- tracking turret and an indestructible armored shield are combined with landmines and oil slicks for an impressive defense that will immerse gamers in 16 action-packed levels set across four gigantic regions. Each region is interactive and dynamic, allowing players to choose their own paths and fight against giant end-of-mission bosses, including eight all-new Nostra/Phoenix enemies. The excitement also continues with the latest version of the Interceptor’s online computer, Leonie 2.0, designed to aid in mission-critical tactics and information.

SpyHunter 2 Key Features:

• Sleek New Vehicle – Brand-new G-8155 Interceptor with new vehicle transformations--snow and off-road--equipped with a new advanced weapon and equipment system that allows players to customize the vehicle with weaponry to suit personal style of play.

• New weapons – Auto-tracking turret and an indestructible armored shield have been added to the gameplay as well as new defensive weapons such as land mines, oil slicks and smokescreens, which allow gamers to play more strategically.

• New Enemies – Giant, end-of-mission boss battles including eight all-new original Nostra/Phoenix enemies that require players to use strategy and innovation in addition to firepower and speed. Also added is a cutting edge enemy AI, which reacts based on player’s behavior.

• In-Depth Missions – 16 exciting levels set across four gigantic regions that are interactive and dynamic, allowing gamers to choose their own paths through mission areas.

• Mysterious and Compelling Storyline – Nostra is back and deadlier than ever! Discover more about who Alec Sects really is, and the mysterious female agent who is somehow intertwined with him.

• Introducing New Technology – Leonie 2.0 is the latest version of the Interceptor’s online computer that is designed to provide mission-critical information and tactical advice during missions.

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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MIDWAY, SPY HUNTER2 and all character names are trademarks 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 is a trademark 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 Annual Report on Form 10-K and the other filings made by the Company with the Securities and Exchange Commission.

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