(EMAILWIRE.COM, January 19, 2001 ) NEW YORK--Jan. 19, 2001--Rockstar Games, Take Two Interactive Software, Inc.'s (NASDAQ: TTWO) high end video game publishing division, is pleased to announce the approval of Oni, the highly anticipated 3rd person action adventure game for PlayStation(R)2 by Sony Computer Entertainment America for release on January 29th 2001. All elements of Oni final code, packaging, and marketing materials have been approved. "We are delighted that Oni has been approved by Sony Computer Entertainment America, stated Paul Eibeler, president of Take-Two Interactive. "As PlayStation 2 continues to redefine home entertainment, Oni is poised to become a benchmark in next-generation gaming. The hectic mix of hand-to-hand gunplay and combat was not possible on previous console platforms. When you combine this with the simultaneous release of the versions for PC and Macintosh platforms from the Gathering of Developers I feel that Take-Two is launching a huge new gaming franchise." "I'm very excited about this title, the game is outstanding, and consumer anticipation is at fever pitch" said Sam Houser, president of Rockstar Games. "The production and development teams at Bungie and Rockstar Games have done an excellent job getting Oni ready for the for the PlayStation 2. I commend and applaud everyone for their hard work and dedication." Oni is a third-person 3D action adventure that blends hand-to-hand combat and gunplay into a single action experience. One of the primary goals of Oni is to deliver, for the first time, a third-person game where the action is smooth and instantaneous without being simplistic. The gameplay is divided 50/50 between hand-to-hand and weapons combat. While Konoko will have an arsenal of weapons at her disposal, from pistols to rocket launchers, realistic quantities and placement of ammo in the environment means that the player won't be able to tear through the game with guns blazing. Instead, Konoko's punches throws and kicks will be critical for attacking silently, saving ammo, and simply enjoying the satisfaction of "hands-on" punishment. 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(R) game console, Nintendo 64, Nintendo Game Boy Color, Sega Dreamcast and the PlayStation(R)2 computer entertainment system. 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 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; technology development risks; credit risks; seasonal factors; inventory obsolescence; technological change; competitive factors; product returns; failure to develop and release products on a timely basis; 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 and financial condition. The Company's actual operating results, may vary significantly from such forward-looking statements. Take-Two undertakes no obligation to update forward-looking statements contained within this press release."PlayStation" and the "PS" Family logo are registered trademarks ofSony Computer Entertainment Inc. CONTACT: TAKE-TWO INTERACTIVE SOFTWARE, INC. Larry Haaker (Financial/Investor Relations) Jeff Castaneda (media) 212-334-6633; 212-334-6644 fax jeff@rockstargames.com or LINN PUBLIC RELATIONS Rob Fleischer (media) 415-552-1183; 415-552-1186 rob@linnpr.com 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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