(EMAILWIRE.COM, February 08, 2001 ) NEW YORK -- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced today that it will release its first quarter FY 2001 operating results on Wednesday, February 28 at 4:30 p.m. Aconference call following the announcement will be held at 5:00 p.m. 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, Sega Dreamcast and the PlayStation 2. The Company publishes and develops products through various wholly owned subsidiaries including: Rockstar Games, Gathering of Developers, TalonSoft, Joytech, DMA Design, PopTop and under the Take-Two brand name. The Company's Jack of All Games value added distribution arm maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Oslo, Vienna, Stockholm, Copenhagen, Milan and Sydney. Safe Harbor Statement under the Private Securities Reform Act of 1995: 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 and uncertainties including, but not limited to: risks associated with the Company's future growth and operating results; the ability of the Company to successfully integrate the operations and personnel of newly acquired companies; the availability of adequate sources of financing to fund periodic cash flow shortages; the timing and availability of hardware platform releases; credit risks; seasonal factors; inventory obsolescence; technological change; competitive factors; product returns; failure of retailers to sell-through the Company's products; and unfavorable general economic conditions, any, or all of which, could have a material adverse effect on the Company's business, operating results, including results for the Company's fourth quarter of 2000 and fiscal 2001, and financial condition. The Company's actual operating results may vary significantly from such forward-looking statements. Take-Two has no obligation to update forward-looking statements contained in this press release. CONTACT: Take-two Interactive Software, Inc. Dawn Berrie (financial) Jeff Castaneda (media) 212/334-6633 fax 212-334-6644 or Wolfe Axelrod Weinberger Assoc. Llc 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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