2K Games Announces New Dungeon Siege Titles

Acclaimed RPG Franchise Expands on PC and PSP™ (PlayStation®Portable) System

New York, NY – March 16, 2006 – 2K Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), today announced that it has acquired publishing rights to selected titles in Gas Powered Games’ critically acclaimed Dungeon Siege series. The first new title to be published by 2K Games will be Dungeon Siege II: Broken World, an expansion pack for the award-winning PC game Dungeon Siege II, followed by Dungeon Siege: Throne of Agony, an all-new entry in the Dungeon Siege series, for the PSP™ (PlayStation®Portable) system. Dungeon Siege II: Broken World for the PC is expected to be available this summer and Dungeon Siege: Throne of Agony for the PSP system is planned for release this fall. 2K Games has also secured publishing rights to the back catalog of Dungeon Siege titles.

"The Dungeon Siege series has always been known for its beautiful graphics and great single and multiplayer gameplay" said Christoph Hartmann, Managing Director of 2K Games. "2K Games is fully committed to expanding the franchise on PC and the PSP system"

Dungeon Siege II: Broken World picks up right where Dungeon Siege II left off with an all-new campaign mode, a new playable race, more items to discover and a brand new multi-class character development system. Dungeon Siege II: Broken World will require the full version of Dungeon Siege II.

"We’re thrilled to be working with 2K Games" said Chris Taylor, Founder and Creative Director of Gas Powered Games. "We’re expanding the Dungeon Siege universe on the PC with a new campaign and opening up even more new territory on the PSP system with a second, unique adventure that you can stuff in your backpack and take with you wherever you go"

Dungeon Siege: Throne of Agony for the PSP system, under development by SuperVillain Studios, is an entirely new adventure created specifically for the handheld system. The title features all-new playable characters and a freshly designed, non-linear, single player campaign as well as support for Ad Hoc co-operative and competitive multiplayer games.

"SuperVillain Studios is very excited to team up with Gas Powered Games and 2K Games on the development of Dungeon Siege: Throne of Agony for the PSP system" said Tim Campbell, co-founder and project lead at SuperVillain Studios. "This title represents an important step for the Dungeon Siege franchise by extending it for the first time ever onto a new platform, merging together the incredibly rich legacy of the Dungeon Siege universe with a fresh, handheld-oriented gameplay experience"

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 SiegeTale, 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 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 Take-Two Interactive Software, Inc.

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® game console, PlayStation®2 computer entertainment system, PSP™ (PlayStation®Portable) system, Xbox® video game and entertainment system from Microsoft, Xbox 360™ video game and entertainment system from Microsoft, Nintendo GameCube™, Nintendo DS™ and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and Global Star Software; and distributes products 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, London, Paris, Munich, Madrid, Vienna, 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.

"PSP" is a trademark and "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Memory Stick Duo™ may be required (sold separately).

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 important factors are described in the Company’s Form 10-Q for the quarter ended January 31, 2006 in the section entitled "Cautionary Statement and Risk Factors".

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 important factors are described in the Company’s Form 10-Q for the quarter ended January 31, 2006 in the section entitled "Cautionary Statement and Risk Factors".

Contact Information

James Ankner

Investors & Media Relations

Take-Two Interactive Software, Inc.

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