Midway and Epic Games Announce Unreal Tournament 3 to Ship July 7, 2008

CHICAGO--(BUSINESS WIRE)--Midway Games Inc. (NYSE:MWY), a leading interactive entertainment software publisher and developer, and world renowned developer Epic Games, today announced Unreal Tournament 3, for the Xbox 360® video game and entertainment system from Microsoft, is scheduled to ship globally on July 7, 2008, with several new features including split screen, five exclusive maps and two all-new characters, as well as all previously released downloadable content. Unreal Tournament 3, the award-winning first-person-shooter, is currently available for the PC and PLAYSTATION®3 system.

“Unreal Tournament 3 for the Xbox 360 will deliver fans the award-winning gameplay of UT3, complete with exciting exclusive content that will make it a must-have title for the Xbox 360”

In addition, the game will feature an exclusive video preview of Gears of War 2, the eagerly anticipated sequel to the 4.7-million-unit selling blockbuster third-person action game. The exclusive video content will include never-before-seen footage of the game’s multiplayer modes featuring new maps, new modes, new weapons and new gameplay elements. The video is narrated by design director, Cliff Bleszinski, and producer, Rod Fergusson.

“Unreal Tournament 3 for the Xbox 360 will deliver fans the award-winning gameplay of UT3, complete with exciting exclusive content that will make it a must-have title for the Xbox 360,” said Mona Hamilton, vice president of marketing, Midway Home Entertainment.

”We’re very excited to be shipping Unreal Tournament 3 for Xbox 360,” said Mark Rein, vice president of Epic Games, Inc. “This is a great title and, with two-player split screen support and some very cool new content, Xbox 360 players should be thrilled with this fantastic version of the game.”

About Unreal Tournament 3

Unreal Tournament 3, the world’s premier PC first-person shooter, will make its debut on the Xbox 360®. Unreal Tournament 3 unleashes the full power of Unreal Engine 3, taking graphics, gameplay and challenge to a whole new level. Players engage in intense battles with other human players online, or against Unreal artificial intelligence that sets the industry standard. With the most powerful futuristic weapons and vehicles available, this is FPS action at its best!

Unreal Tournament 3 is rated “M” for mature by the ESRB.

More information about Unreal Tournament 3 can be found online at www.unrealtournament3.com.

About Epic Games

Epic Games, Inc., based in Cary, North Carolina and established in 1991, develops cutting-edge games and cross-platform game engine technology. The company has created multiple million-selling, award-winning titles in its Unreal series, recently shipping Unreal Tournament 3 for PC and PlayStation 3. Epic’s breakthrough game, Gears of War, sold over 4.7 million copies and was awarded overall Game of the Year for 2006 by the Academy of Interactive Arts & Sciences, Game Developers Choice Awards, GameSpot, GamePro and many others. Epic is also responsible for the Unreal Engine, which is the underlying technology for a wide range of games including the Game Critics Awards’ Best Console Game and Spike TV’s 2007 RPG of the Year Mass Effect by BioWare and the 2007 BAFTA Best Game and Spike TV Game of the Year BioShock by 2K Games. Epic's Unreal Engine 3 is the current holder, and three-time consecutive winner, of Game Developer magazine's Front Line award for Best Game Engine. Epic was also recognized as 2006 Studio of the Year by Spike TV, 2006 Developer of the Year by Official Xbox Magazine and 2007 Large Company of the Year by the North Carolina Technology Association. Additional information about Epic can be obtained through the Epic Games Web site at www.epicgames.com.

About Midway

Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.

Epic, Epic Games, Unreal, Unreal Tournament and Gears of War are trademarks or registered trademarks of Epic Games, Inc. in the United States of America and elsewhere. "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Xbox is a registered trademark of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners. Midway has provided the www.epicgames.com link solely as a convenience for you. The information on this site has been prepared by third parties, and Midway does not monitor, endorse or accept responsibility for the content on non-Midway sites.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involves risks and uncertainties. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of these risks and uncertainties, including, without limitation, the financial strength of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers, and other risks more fully described under "Item 1A. Business - Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, and in any more recent filings made by the Company with the Securities and Exchange Commission. Each forward-looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and Midway undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, except as required by law.