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2K Announces Dungeon Siege: Throne of Agony for the PSP® (PlayStation®Portable) System Available Now


WEBWIRE

New York, NY - October 31, 2006 - 2K, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), and SuperVillain Studios announced today that Dungeon Siege®: Throne of Agony™ for the PSP® (PlayStation®Portable) system is now available in stores in North America.

“The fast-paced action that made the Dungeon Siege series such a success is perfectly suited for the PSP system,” said Christoph Hartmann, President of 2K. “Gamers will now be able to explore the world of Aranna wherever they are.”

Developed by SuperVillain Studios, Dungeon Siege: Throne of Agony is an entirely new RPG adventure created specifically for the PSP system. The game features all-new playable characters, fierce new creatures, stunning spells and weapons, and a freshly designed, non-linear, single player campaign as well as support for ad hoc co-operative multiplayer games.

Dungeon Siege: Throne of Agony, rated T for Teen, is available now for the PSP system for $39.99. For more information on the title visit the official website at www.2kgames.com/throneofagony/.

About SuperVillain Studios

Headquartered in Santa Ana, California, SuperVillain Studios™, Inc. is an independent third party developer of interactive entertainment software games. SuperVillain Studios™ is an officially licensed developer for the PlayStation®2 computer entertainment system, PSP® (PlayStation®Portable) system, Xbox 360™ video game and entertainment system from Microsoft, Xbox® video game and entertainment system from Microsoft, and Nintendo DS™. For more information or inquiries, please visit our website at www.svsgames.com or email us at info@svsgames.com.

About Gas Powered Games

Gas Powered Games is a leading interactive entertainment company and video game developer. Founded in 1998 by industry veteran Chris Taylor, Gas Powered Games (GPG) is the creator of the award-winning Dungeon Siege and Dungeon Siege II, named “RPG of the Year” by GameSpy and PC Gamer. GPG’s current projects include Supreme Commander™, a revolutionary real-time strategy game slated for release in early 2007, and several other unannounced projects. A theatrical release, In The Name of the King: A Dungeon Siege Tale™, is currently in post-production with Brightlight Pictures and is scheduled to hit theaters this holiday season. Gas Powered Games is located in Redmond, WA. For more information, please visit www.gaspowered.com.

About Take-Two Interactive Software, Inc.

Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PlayStation® game console, PlayStation®2 and PLAYSTATION®3 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox® and Xbox 360™ video game and entertainment systems from Microsoft, Nintendo GameCube™, Nintendo DS™ and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K and 2K Sports, and Global Star Software; and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. Take-Two also manufactures and markets video game accessories in Europe, North America and the Asia Pacific region through its Joytech subsidiary. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, Geneva, London, Paris, Munich, Madrid, Milan, Sydney, Breda (Netherlands), Auckland, Shanghai and Tokyo. Take-Two’s common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at www.take2games.com.

All trademarks and copyrights contained herein are the property of their respective holders.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the final conclusions of the Special Committee and the Board of Directors concerning matters related to the Company’s stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper procedures were followed, the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; the timing of the completion of the Special Committee’s investigation; and the possibility that the Special Committee’s investigation or any governmental investigation may reveal issues that the Company does not currently realize exist. In addition, the investigation and possible conclusions of the Special Committee may require additional expenses to be recorded; may adversely affect the Company’s ability to file required reports with the U.S. Securities and Exchange Commission (“SEC”) on a timely basis, the Company’s conclusions on the effectiveness of internal control over financial reporting and disclosure controls and procedures, and the Company’s ability to meet the requirements of the NASDAQ Stock Market for continued listing of the Company’s shares; and may result in claims and proceedings relating to such matters, including shareholder litigation and actions by the SEC and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Other important factors are described in the Company’s Form 10-Q for the quarter ended April 30, 2006 in the section entitled “Risk Factors”.

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Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the final conclusions of the Special Committee and the Board of Directors concerning matters related to the Company’s stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper procedures were followed, the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; the timing of the completion of the Special Committee’s investigation; and the possibility that the Special Committee’s investigation or any governmental investigation may reveal issues that the Company does not currently realize exist. In addition, the investigation and possible conclusions of the Special Committee may require additional expenses to be recorded; may adversely affect the Company’s ability to file required reports with the U.S. Securities and Exchange Commission (“SEC”) on a timely basis, the Company’s conclusions on the effectiveness of internal control over financial reporting and disclosure controls and procedures, and the Company’s ability to meet the requirements of the NASDAQ Stock Market for continued listing of the Company’s shares; and may result in claims and proceedings relating to such matters, including shareholder litigation and actions by the SEC and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Other important factors are described in the Company’s Form 10-Q for the quarter ended April 30, 2006 in the section entitled “Risk Factors”.



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