FOR IMMEDIATE RELEASE

TAKE-TWO INTERACTIVE SOFTWARE, INC. ANNOUNCES EUROFIGHTER TYPHOON HAS GONE GOLD

NEW YORK - 18th July, 2001- Take-Two Interactive Software, Inc. (NASDAQ - TTWO), announced today that Eurofighter Typhoonä has gone gold and is expected to ship to retailers by the end of the month. Developed by UK-based Rage Software plc (UK FTSE: RGE.L), Eurofighter Typhoon raises the bar for combat flight games and combines the tension and excitement of World War dog fighting, with the power and agility of fifth generation fighters.

Based in Iceland early in the 21st Century, control and manage six of Europe's best trained pilots through more than 100 possible dynamic flight missions, including ground strike, interception, escort, combat air control and more. Defend Europe against dictators and vicious forces set on world domination and all out war. Hot swap between pilots for intense action and total immersion, while experiencing the incredible speed and power of one of the world's most technologically advanced multi-role combat aircraft ever created, the Eurofighter Typhoon.

Tasked to destroy a range of targets, gain air superiority against waves of determined invaders and over 32 types of aircrafts, brimming with the latest technologies, including the Mig 29, the S-37, and the TU-22. Eliminate the enemy with technologically superior equipment like the Pirate Infra Red System, the Mauser 27mm Cannon and the Meteor BVR Missile. Including one of the most advanced campaign systems ever seen on a PC based simulation, Eurofighter Typhoon allows players to dictate the fate of the world during dynamic event driven campaigns that mimic real life events.

Paul Finnegan, Managing Director or Rage, commented: "Eurofighter Typhoon is one of the most advanced military flight simulation games available today and we are delighted to have entered in to this agreement with Take-Two Interactive in order to bring this to the North American marketplace."

In addition, Eurofighter Typhoon offers multiplayer options including Head-to-Head, Touch and Go, Deathmatch, Team Deathmatch, King of the Skies, Typhoon Racer and Cooperative play via LAN or over the Internet for up to 8 players.

In related news, for more information on Eurofighter Typhoon visit the official website at http://www.eurofighter-typhoon.net

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor, and publisher of interactive entertainment software games and accessories for the PC, PlayStation, Nintendo 64, Nintendo Game Boy Color, Nintendo GAMECUBE, Nintendo Game Boy Advance, PlayStation®2 and the Xbox™. The Company publishes and develops products through various wholly owned subsidiaries including: Rockstar Games, GodGames, TalonSoft, Joytech, DMA Design, PopTop, Global Star and under the Take-Two brand name. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Vienna, Copenhagen, Milan, Sydney and Auckland. Take-Two's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.

All trademarks and copyrights contained herein are the property of their respective holders.

About Rage:

Rage Software plc, based in Liverpool, UK and established in 1992, is a publisher and developer of interactive entertainment software. The company has a large number of the UK's finest games developers across its design studios and has produced a number of hit titles including Striker, Incoming, Jonah Lomu Rugby and Hostile Waters. Rage has the exclusive worldwide rights to produce a series of officially licensed games featuring the Manchester United and England soccer star, David Beckham, the MGM Rocky movie anthology featuring Sylvester Stallone and world champion inline skaters Cesar Mora and Fabiola da Silva. Rage has relationships with Microsoft, Intel, AMD, NVIDIA, Sony, Nintendo, Nokia and Orange and is fully listed on the London Stock Exchange (FTSE: RGE). http://www.rage.com

About Eurofighter Typhoon

The Eurofighter Typhoon is the world's most advanced swing-role fighter aircraft, developed by four of the world's leading aerospace companies, Alenia Aerospazio of Italy, BAE SYSTEMS, CASA of Spain and EADS Germany. It is a plane unrivalled in technology, designed for the defence needs of the next century.

Agile, stealthy, twin-engined and designed to operate from hastily prepared bases and small runways, it is designed for worldwide operations. It is equipped with very advanced multi-mode radar and an extensive range of sensors and electronic countermeasures.

The aircraft has ability to gain air superiority beyond visual range (BVR) and in close combat, and at the same time deliver high sortie rates against naval and ground targets in all weathers with a variety of weapons. In Eurofighter the pilot flies through a computerized flight control system, which offers full carefree handling.

A strong emphasis has been put on reducing cost of ownership in addition to outstanding performance and flight safety. Reliability, low cost of maintenance and a sophisticated on-board testing system ensure ease of day to day management and through life costs which makes the Eurofighter Typhoon less expensive to run than the generation of aircraft it replaces.

The Eurofighter partner nations will take delivery of 620 aircraft: 180 for Germany, 121 for Italy, 87 for Spain and 232 for United Kingdom.

www.eurofighter.com - Nothing Stands in its Way.

Safe Harbor Statement under the Private Securities Reform Act of 1995: The statements contained herein which are not historical facts are considered forward looking statements under federal securities laws. Such forward looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The words "expect," "anticipate," "believe," "may," "estimate," "intend" and similar expressions are intended to identify such forward looking statements. Forward looking statements involve risks, uncertainties and assumptions including, but not limited to: risks associated with our future growth and operating results; our ability to continue to successfully manage growth and integrate the operations of acquired businesses; the availability of adequate financing to fund periodic cash flow shortages; credit risks; seasonal factors; inventory obsolescence; technological change; competitive factors; product returns; failure of retailers to sell-through our products; the timing of the introduction and availability of new hardware platforms; market and industry factors adversely affecting the carrying value of our assets; and unfavorable general economic conditions, any or all of which could have a material adverse effect on our business, operating results and financial condition. Actual operating results may vary significantly from such forward looking statements. The Company has no obligation to update such forward looking statements.

Media Contact:
Anne-Marie Sims
Asims@Take2baltimore.com
Phone410-933-9191 x 108
Fax 410-933-1740

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