Take-Two’s Spec Ops Ranger Elite #1 PSX Game

Take-Two Interactive’s Spec Ops
Ranger Elite Confirmed as the Number One Selling Title for the PlayStation Game
Console

Take-Two Interactive Software, Inc.
(NASDAQ:TTWO) announced today that Spec Ops Ranger Elite, the sequel to the very
successful Spec Ops Stealth Patrol game, has taken the number one slot for the
PlayStation® Game Console according to NPD TRST for the week ending June 16,
2001. Take-Two also had 5 titles in the top ten and 7 in the top 16 for the same
time period as well as capturing approximately 11% unit market share in the
PlayStation® category.

Among the best-selling titles were
Spec Ops Ranger Elite, Spec Ops Stealth Patrol, Ford Racing, Grand Theft Auto 2,
Darkstone, Action Bass and Kiss Pinball.

“Take-Two’s value priced product
is performing extremely well and we will continue to support this category,”
said Kelly Sumner, CEO of Take-Two. “We are very pleased with how the company
continues to prove that we can develop and publish successfully on a
multi-platform basis as well as across all price points. Our next title,
Motocross Mania for the PlayStation®, is slated to ship July 10th.”

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® game console, Nintendo 64, Nintendo Game
Boy Color, Nintendo GAMECUBE, Nintendo Game Boy Advance, PlayStation®2 computer
entertainment system 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.

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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