(EMAILWIRE.COM, December 26, 2000 ) Take-Two Interactive Software, Inc. NASDAQ:TTWO) announced todaythat it continued to see rising sell through of its PlayStation(R)2software products leading into Christmas day. According to TRST / NPD the Company's Midnight Club: Street Racingand Smuggler's Run games both continue to rank amongst the top tenselling PlayStation 2 games at retail domestically. Supported by arecently introduced television campaign, Midnight Club has risen tothe #5 selling slot amongst all PlayStation 2 games in release -Smugglers Run ranks #9. Both Midnight Club and Smuggler's Run have remained amongst thetop ten selling PlayStation 2 titles for all eleven weeks of theirrelease. The Company expects to release the much-anticipated Oni forPlayStation 2 in January. Paul Eibeler, President, commented, "With the PlayStation 2 marketcontinuing to accelerate into and through Christmas we are thrilled tocontinue to receive positive sales results for our software products.We look forward to the release of Oni in January and ten additionalPlayStation 2 titles in fiscal 2001." The Company is experiencing similar sell-through data for itsPlayStation 2 titles across Europe. Sony's PlayStation 2 was launch inEurope on November 23. Headquartered in New York City, Take-Two Interactive Software,Inc. is an integrated global developer, marketer, distributor, andpublisher of interactive entertainment software games and accessoriesfor the PC, Sony PlayStation, Nintendo 64, Nintendo Game Boy Color,Sega Dreamcast and the Sony PlayStation 2. The Company publishes anddevelops products through various wholly owned subsidiaries including:Rockstar Games, Gathering of Developers, TalonSoft, Joytech, DMADesign, PopTop, GlobalStar and under the Take-Two brand name. TheCompany's Jack of All Games value added distribution arm maintainssales and marketing offices in Cincinnati, New York, Las Vegas,Chicago, Toronto, London, Paris, Munich, Oslo, Vienna, Stockholm,Copenhagen, Milan and Sydney. All trademarks and copyrights contained herein are the property oftheir respective holders. Safe Harbor Statement under the Private Securities Reform Act of1995: The statements contained herein which are not historical facts(including statements such as "intends", "believes", "anticipates",and "expects") are forward-looking statements that involve risks anduncertainties including, but not limited to: risks associated with theCompany's future growth and operating results; the ability of theCompany to continue to successfully manage growth and integrate theoperations of acquired businesses; the availability of adequatefinancing to fund periodic cash flow shortages; credit risks; seasonalfactors; inventory obsolescence; technological change; competitivefactors; product returns; failure of retailers to sell-through theCompany's products; the introduction and availability of new hardwareplatforms; market and industry factors adversely affecting the valueof the Company's assets; and unfavorable general economic conditions,any or all of which could have a material adverse effect on theCompany's business, operating results, including forecasted resultsfor fiscal 2001 and for any quarter, and financial condition. TheCompany's actual operating results may vary significantly fromforward-looking statements. The Company has no obligation to updateany forward-looking statement. CONTACT: TAKE-TWO INTERACTIVE SOFTWARE, INC. Chip David (financial) Jeff Castaneda (media) 212/334-6633; 212/334-6644 fax or WOLFE AXELROD WEINBERGER ASSOC. Stephen D. Axelrod, CFA Donald C. Weinberger Denise Ford (media) 212/370-4500; 212/370-4505 fax E-mail: don@wolfeaxelrod.com

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