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Press release from Business Wire

Rockstar Games Announces Max Payne 3 Now Available for PlayStation®3 and Xbox 360®

Tuesday, May 15, 2012

Rockstar Games Announces Max Payne 3 Now Available for PlayStation®3 and Xbox 360®11:30 EDT Tuesday, May 15, 2012 NEW YORK (Business Wire) -- Rockstar Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is proud to announce that Max Payne 3 is now available at retail stores across North America for the PlayStation®3 computer entertainment system and the Xbox 360® video game and entertainment system from Microsoft. “With Max Payne 3 we set out to reinterpret the modern shooter,” said Sam Houser, Founder of Rockstar Games. “By fusing great gunplay seamlessly with an incredibly dark and cinematic single-player story, and the deepest multiplayer we've made to date, Rockstar Studios has tried to deliver something truly unique and amazing to play.” The latest in the groundbreaking series known for bringing Bullet Time, noir atmosphere and Hong Kong action movie aesthetics to video games, Max Payne3 combines highly sophisticated shooting mechanics and fluid movement with a dark, twisted narrative, and intensely cinematic presentation. Early critical response to the game has been outstanding: The New York Times says, “Max Payne 3 is a taut and compelling action game wrapped in the sumptuous, gritty and delightful production detail that is the Rockstar hallmark.” The Guardian, giving the game a perfect 5/5, writes, “Max Payne 3 is, at its heart it's a blisteringly entertaining third-person shooter… But Max Payne 3 is no mere tribute to action cinema. There's a chance it points toward a future in which action movies aren't merely copied by games, they are replaced.” G4TV also delivered a perfect score, stating “Max Payne 3 is a technological tour de force…The performances are top notch, the action plays out with unrivaled fluidity, and the multiplayer is deep and rewarding.” Gamesradar also gave the game a perfect score: “Between its pacing, its presentation, and its excellent gunplay, Max Payne 3 has raised the bar for other action games to follow.” IGN scored the game a 9/10, stating “Max Payne 3 is overall a brilliant, darkly-engrossing third outing for one of video game's most troubled characters.” Max Payne 3 picks up the story of fallen former New York City detective, Max Payne several years after the events of the original games. Close to washed up and addicted to painkillers, Max accepts a job offer of private security work in Sao Paulo Brazil protecting Rodrigo Branco, a wealthy businessman, and his beautiful trophy wife, Fabiana, in the hopes of an escape from his tragic past. When Fabiana is abducted while under Max's protection, Max finds himself caught up in something much larger than a simple kidnapping, looking for answers on the streets of an unfamiliar city as his personal demons return to haunt him once again. In a first for the franchise, Max Payne 3 brings the series' signature combination of precise shooting, fluid movement and Bullet Time online in a range of co-operative and competitive modes that allow players to compete in free-for-all deathmatches, fight for the right to play as Max Payne in Payne Killer, or build out events from the single-player story in the dynamically branching rounds of Gang Wars. In another first, Max Payne 3 features Crews, persistent clans of friends that can play together online, building alliances and rivalries while tracking progress and Crew Feuds through Rockstar's online hub, the Rockstar Games Social Club. Crews extend across platforms and across game titles, with Crews created within Max Payne 3 ready and available for players in Grand Theft Auto V and other future titles. Max Payne 3 for the PlayStation 3 and Xbox 360 is rated M for Mature by the ESRB, and is currently available in North America for the suggested retail price of $59.99. Max Payne 3 will release internationally on May 18, 2012, and for the PC in North America on May 29, and internationally on June 1. For more information, log onto www.rockstargames.com/maxpayne3. About Take-Two Interactive Software Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, marketer and publisher of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K, which publishes its titles under the 2K Games, 2K Sports and 2K Play brands. Our products are designed for console systems, handheld gaming systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at http://www.take2games.com. Microsoft, Xbox, Xbox 360, Xbox LIVE, and the Xbox logos are trademarks of the Microsoft group of companies and are used under license from Microsoft. "PlayStation" and the "PS" Family logo are registered trademarks and “PS3” is a trademark of Sony Computer Entertainment Inc. All trademarks and copyrights contained herein are the property of their respective holders. Cautionary Note Regarding Forward-Looking Statements The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "projects," "seeks," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance. Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including: our dependence on key management and product development personnel, our dependence on our Grand Theft Auto products and our ability to develop other hit titles for current generation platforms, the timely release and significant market acceptance of our games, the ability to maintain acceptable pricing levels on our games, our ability to raise capital if needed and risks associated with international operations. Other important factors and information are contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2011, in the section entitled "Risk Factors," and the Company's other periodic filings with the SEC, which can be accessed at www.take2games.com. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Rockstar GamesSimon Ramsey, 212-334-6633simon.ramsey@rockstargames.comorTake-Two Interactive Software, Inc.Alan Lewis, 646-536-2983Corporate PressAlan.Lewis@take2games.com