MIDWAY DELIVERS OLD SCHOOL FLAVA TO NEXT-GENERATION CONSOLES WITH MIDWAY® ARCADE TREASURES™

Midway Arcade Treasures Brings More Than 20 Classic Arcade Games Including All-Time Favorites Like SpyHunter®, Defender®, Gauntlet® and Joust® for First Time Ever on Next-Generation Consoles

CHICAGO – July 3, 2003 – Midway Games Inc. (NYSE: MWY), a leading software industry publisher and developer, announced today that Midway Arcade Treasures, the first next-generation console offering of more than 20 classic arcade games, is scheduled to ship in fall 2003. Midway Arcade Treasures features hundreds of hours of classic gameplay action from all-time arcade favorites including the fast-paced action of SpyHunter, the multiplayer collaboration of Gauntlet, the space-age adventure of Defender and the dueling combat of Joust, just to name a few. “Now these games can be enjoyed along with extensive DVD content that features the history of some of the top arcade titles and creator interviews,” said Helene Sheeler, vice president of marketing, Midway. With Midway Arcade Treasures, gamers will have the option of enjoying their favorite titles in either one-player or two-player game formats. The DVD content in the game features a history of many of the classic arcade hits and interviews with creators and developers of the games.

Midway Arcade Treasures Games Include:

• Jam-Packed Entertainment – More than 20 Great Arcade Games Including: o SpyHunter o DefenderII o Gauntlet o Joust o Paperboy® o Rampage® o Marble Madness® o Robotron: 2084® o Smash TV™ o Joust 2

Midway Arcade Treasures Games Include: (Cont’d.) o Bubbles® o RoadBlasters™ o Blaster® o Rampart® o Sinistar® o Super Sprint™ o 720° ® o Toobin’® o KLAX® o SPLAT! ™ o Satan’s Hollow™ o Vindicators™ • Nonstop Action - Hundreds of hours of classic gameplay action • DVD Content - Creator and developer interviews and game histories • Multiplayer Gameplay – One- and two-player gameplay

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

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

MIDWAY, RAMPAGE, DEFENDER, JOUST, ROBOTRON: 2084, SINISTAR, BUBBLES, BLASTER, SPY HUNTER are registered trademarks, and SPLAT!, SATAN’S HOLLOW and SMASH TV are trademarks of Midway Amusement Games, LLC. PAPERBOY, GAUNTLET, MARBLE MADNESS, RAMAGE, 720°, TOOBIN’, and KLAX are registered trademarks and SUPER SPRINT, ROADBLASTERS and VIDICATORS are trademarks of Midway West 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.  2001 Nintendo. All other trademarks are the property of their respective companies.

This press release contains certain forward looking statements concerning future business conditions and the outlook for Midway Amusement 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 certain risks and uncertainties, including, without limitation, the financial strength of the amusement games 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 in the Company's filings with the Securities and Exchange Commission.

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