Take-Two Interactive Software, Inc. Ships Highly Anticipated Max Payne for PC

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that Max Payne, the highly anticipated action PC game from its GodGames publishing subsidiary, has shipped to retailers in North America and Europe. Developed by Remedy Entertainment and 3D Realms, Max Payne is expected to be one of the biggest PC games of the year.

George Broussard, President of 3D Realms, stated, “Max Payne captures the mood and feeling of a classic film noir detective thriller and Remedy has crafted a movie quality script in the process. It's all about action, but there is a deep and rich plot here to uncover as you play. We can't wait for people to experience the Payne."

"Max Payne has some of the most stunning visual graphics ever seen on a PC game and there is no doubt that consumer enthusiasm has reached fever pitch for the title," said Kelly Sumner, CEO of Take-Two. "Max Payne is the company's biggest PC day one ship ever and it is very exciting to add such a strong new title to Take-Two's line of successful brand franchises."

Take-Two has completed its domestic publishing schedule line-up for the Third Quarter by also recently shipping MotoCross Mania for PlayStation and Rune: Viking Warlord and City Crisis both for PlayStation®2.

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.

About Remedy
Remedy Entertainment Ltd., a privately held developer of action computer games and game technology is based in Espoo, Finland. The company has developed its own leading edge MAX-FX Technology (TM) internally. Remedy has developed one of this year's most anticipated games, Max Payne for PC with this technology. 3DRealms, who have a track record of success in the industry, have produced Max Payne. Remedy is working with Rockstar Games on a PlayStation 2 port of Max Payne to be published by Take-Two Interactive Software, Inc. Remedy Entertainment is also a major shareholder in MadOnion.com Ltd., who use MAX-FX Technologyä in their 3D benchmarks (20 million distributed globally). (www.remedy.fi)

About 3D Realms Entertainment
Apogee Software Ltd., a.k.a. 3D Realms, based in Dallas, Texas, is a leading PC developer and shareware pioneer since 1987, with 35 published titles, including the Duke Nukem series, Wolfenstein 3-D, Raptor, Terminal Velocity and Commander Keen. Current projects include Duke Nukem Forever, and two Miramax movies based on Duke Nukem and Max Payne. (www.3drealms.com)

About GodGames
GodGames is a high-end computer and video game publisher located in Dallas and Austin, Texas. A wholly owned subsidiary of New York-based Take-Two Interactive Software (NASDAQ: TTWO), GodGames specializes in delivering games from top independent development studios worldwide. GodGames utilizes the global resources of its parent company and sister label, Rockstar Games, to bring these titles to gaming enthusiasts worldwide on a wide range of platforms. Key titles include the Railroad Tycoon II series, Duke Nukem Forever, Oni, Rune, the 4x4 EVO series, Max Payne, Serious Sam, Tropico, Darkstone, and many others. For a complete title listing and further information on GodGames, refer to http://www.godgames.com.

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.

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