Midway Announces Midway Arcade Treasures™ 3; Compilation To Deliver Classic Racing Favorites

Midway | CHICAGO - February 16, 2005 - Midway Games Inc. (NYSE: MWY), ), a leading interactive entertainment industry publisher and developer, today announced the newest addition to the company's Midway Arcade Treasures franchise, Midway Arcade Treasures 3. The third installment in the successful Midway Arcade Treasures series, Midway Arcade Treasures 3 follows in the wake of million unit seller, Midway Arcade Treasures^TM (2003) and the 2004 holiday hit, Midway Arcade Treasures^TM 2. Scheduled to ship Fall 2005, Midway Arcade Treasures 3 is in currently in development for the PlayStation 2 computer entertainment system, the Xbox video game system from Microsoft, and the Nintendo GameCube with a suggested retail price of $19.99.

"The Midway Arcade Treasures brand continues to be one of Midway's strongest-selling and most popular franchises," said Steve Allison, chief marketing officer, Midway. "Midway Arcade Treasures 3 provides the same, classic feel as the previous two Midway Arcade Treasures installments while bringing back several of the most popular racing games in the industry's history to today's next generation consoles."

With the latest addition to Midway's classic gaming vault, consumers will be given the option to either hone their racing skills in single player mode in games such as S.T.U.N. Runner, or fulfill their head-to-head appetite and leave friends in the dust with titles such as Hydro Thunder and Super Off Road. Midway Arcade Treasures 3 will also feature player rankings via Xbox Live^TM to allow gamers to post and track personal scores against the best in the world.

Midway Arcade Treasures 3 Includes:

Eight classic arcade racing games including:

Nonstop Action - Hours of power, speed, jumps and thrills

Multiple Courses - Dozens of tracks to chose from throughout the various games

Xbox Live - Post high scores to decide the best of the best

Multiplayer Gameplay - One-to-four player modes (*different for various titles)

About Midway

Headquartered in Chicago, IL with offices in San Diego, CA, Seattle, WA, Austin, TX, Los Angeles, CA, and London, UK, Midway Games Inc. (NYSE: MWY) is a leading developer and publisher of interactive entertainment software for all major video game systems.

For more information about Midway Games visit www.midway.com.

Midway and Midway Arcade Treasures are trademarks of Midway Amusement Games, LLC. Hydro Thunder, Off Road Thunder: Mud, Sweat N' Gears, and Super Off Road are trademarks of Midway Home Entertainment Inc. Badlands, Race Drivin', San Francisco Rush The Rock: Alcatraz Edition, San Francisco Rush 2049 and S.T.U.N. Runner are trademarks of Midway Games West Inc. "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. Nintendo GameCube and Game Boy Advance are trademarks of Nintendo. ®2001 Nintendo. All other trademarks are the property of their respective companies. Midway has provided the xbox.com link soley as a convenience to 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 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, the upcoming console platform transition and other 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 more recent filings made by the Company with the Securities and Exchange Commission.

For More Information Contact:

Sarah Moschea

Midway - Media Relations

773.961.2839

[email protected]

Karen Schachter

HighWater Group - Media Relations

212.338.0077

[email protected]

Miguel Iribarren

Midway Investor Relations

773.961.2000

[email protected]