MAD CATZ EURO MEMORY CARD
December 7, 2000

Mad Catz announced today that it has signed a license agreement with Sony Computer Entertainment Europe for its 8MB memory card for the PlayStation2.

This allows Mad Catz to manufacture and sell a licensed memory card throughout Europe and in the PAL territories, including Australia, New Zealand, the Russian Federation, South Africa, the United Arab Emirates, and numerous other countries. The European/ PAL territories license follows that of a similar North American license.

The Mad Catz 8 MB memory card marks the first officially licensed memory card for any PlayStation system. The agreement means Mad Catz's memory cards will work with all compatible PlayStation2 software.

The new 8 MB memory cards will have a storage capacity of 8 megabytes of data (64 times the original PlayStation memory card capacity), as well as a data transfer rate of up to 250 times faster than the current memory card.

"This is a fantastic development for Mad Catz because Mad Catz will be the only company at launch with a licensed third-party memory card with the 'MagicGate' Encryption Technology", said Darren Richardson, president of Mad Catz. "Without access to the MagicGate technology, it is not possible to produce a fully compatible memory card for the PlayStation2," added Richardson.