MIDWAY ANNOUNCES DEVELOPMENT OF FEAR & RESPECT™

Tradewest |

FOR IMMEDIATE RELEASE

London, September 24, 2004 - Midway Games Ltd. (NYSE: MWY) today announced the development of Fear & Respect^TM, an innovative action/adventure videogame based in the intense, urban environment of South Central Los Angeles. The game is being developed in collaboration with writer/director John Singleton (Boyz N the Hood, Baby Boy, 2 Fast 2 Furious). Fear & Respect is scheduled for release in the fourth quarter of 2005 on the PlayStation^®2 computer entertainment system and the Xbox^® video game system from Microsoft.

Fear & Respect is a cutting-edge third-person action game that realistically depicts life in a South Central Los Angeles gang. You will step onto the streets fresh from prison as a "retired" OG who is reluctantly brought back into the life. You will shoot and brawl your way through multiple levels of gameplay, in an attempt to help your crew against the backdrop of a sweltering South Central summer. On these streets, it's all about your rep, and only you can decide if want your enemies to look at you with fear - or with respect.

More details on Fear & Respect will be unveiled in early 2005.

About Midway

Midway Games Inc. is a leading developer, publisher and marketer of interactive entertainment software. Midway videogames are available for play on all major videogame platforms including the PlayStation^®2 computer entertainment system, Xbox^®, Nintendo GameCube^TM and Game Boy^® Advance.

For more information about Midway Games visit www.midwayeuro-press.com.

Fear & Respect is a trademark of Midway Home Entertainment Inc. Midway is a registered trademark of Midway Amusement Games, LLC. "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 companies.

"This press release contains forward-looking statements concerning future business conditions and the outlook for Midway Games Inc. (the "Company") based on currently available information that involve 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, technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business - Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2003, and in the other more recent filings made by the Company with the Securities and Exchange Commission."

For More Information Contact:

Phil Robinson

PR Manager

Midway Games Ltd

+44 207 382 7720

[email protected]

Mathew Huband

European Product Manager

Midway Games Ltd

+44 207 382 7720

[email protected]