Take-Two Interactive Software, Inc.’s Max Payne Confirmed As The Largest Grossing PC Game In North America And Europe

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) announced today that its Max Payne, which is published under the Company’s GodGames label and was developed by Remedy Entertainment and produced by 3DRealms, has been confirmed as the largest grossing PC game in North America and Europe according to NPD INTELLECT (U.S.), CharTrack (UK), Mediacontrol (Germany) and GFK (France) for the two week period ending Saturday, August 11.

“We are very pleased that Max Payne has been greeted by a record level of customer demand for one of the Company’s PC products on a global basis,” said Kelly Sumner, Chief Executive Officer. “The Company’s Rockstar Games looks forward to publishing Max’s debut on both the PlayStation®2 and Xbox™ video game systems this fall.”

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™ 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 Technology™ 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)

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

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