Mad Catz Interactive, Inc., a leading third-party interactive entertainment accessory provider, announced today the appointment of John C. DeRuig to the Company’s Board of Directors. The appointment of Mr. DeRuig expands the size of the Company’s Board to six members, five of whom are considered independent under the corporate governance standards of the American Stock Exchange.

After beginning his career as a Certified Public Accountant, Mr. DeRuig spent 20 years in positions of increasing responsibility at Mattel, Inc., including serving as General Manager of Mattel Germany, General Manager of Mattel France, Vice President of Mattel Europe and Vice President of Mattel Electronics. Mr. DeRuig also served for 13 years as a member of the European Mergers & Acquisitions group and General Manager of two subsidiaries of Buhrman NV (Corporate Express), one of the world’s leading distributors of office products and Europe’s leading distributor of paper and other related graphic-art products and graphic systems. For over the past 20 years Mr. DeRuig was a member of the Supervisory Board of the Saitek European Distribution Group and the Saitek Group Governance Council. Mad Catz announced the acquisition of Saitek in November of 2007.

Geof Myers, Chairman of Mad Catz Interactive, Inc., commented on the appointment, “John DeRuig brings extensive international business experience to the Mad Catz Board of Directors, having held various management positions throughout Europe, Asia and the United States. Having worked with John during Mad Catz’ acquisition of Saitek, we are delighted to welcome him to the Board of Directors and look forward to the benefit of his extensive financial experience, in-depth knowledge of Saitek and the European consumer retail markets. We believe John’s background will prove valuable as we continue to expand our business globally.”

Mr. DeRuig commented, “The combination of Mad Catz and Saitek creates a truly impressive organization, one with an opportunity to become the global leader in high-quality interactive entertainment accessories. I look forward to working with Geof, Darren and the rest of the members of the Mad Catz Board and management to help the Company realize the opportunity to grow its shareholder value.”