Midway Announces Stainless Steel Studios' Rise & Fall: Civilizations At War™

Midway | Publishing Agreement Furthers Midway's Entry into Premium PC Games Market

CHICAGO - February 17, 2005 - Midway Games Inc. (NYSE: MWY), a leading developer and publisher of interactive entertainment software, today announced an exclusive publishing agreement with Stainless Steel Studios based in Cambridge, Massachusetts for Rise & Fall: Civilizations at War, a new historical, real-time strategy game that is scheduled to ship in winter 2005. The agreement furthers Midway's entrance into the premium PC games market and underscores the company's commitment to partner with the industry's top development talent.

Rise & Fall: Civilizations at War is the latest creation from award-winning developer Stainless Steel Studios and renowned game designer Rick Goodman. Rise & Fall: Civilizations at War is a detailed real-time strategy game that lets players completely command one of the four mightiest empires of the ancient world: Greece, Rome, Egypt, and Persia. Rise & Fall allows players to fight alongside their troops as one of history's eight greatest heroes, and bring victory to their nation on the battlefield.

"Stainless Steel Studios is known for creating revolutionary, real-time strategy games that appeal to a worldwide audience," said David F. Zucker, president and chief executive officer of Midway. "This relationship and the upcoming launch of Rise & Fall: Civilizations at War will further establish Midway in the premium PC market."

"We are very excited to be working with Midway, a publisher who is truly committed to creating the highest quality games in the industry," said Rick Goodman, president of Stainless Steel Studios. "With its unprecedented gameplay, historical accuracy and unique elements, Rise & Fall: Civilizations at War will be one of the most ambitious RTS games to date."

About Stainless Steel Studios

Stainless Steel Studios, founded by Rick Goodman in 1997 and based in Cambridge, Massachusetts, released its first award-winning title, Empire Earth, in November 2001. Empire Earth is an epic real-time strategy game spanning 500,000 years of human history. Prior to founding SSSI, Rick was the co-founder of Ensemble Studios and lead designer for Microsoft's award winning Age of Empires.

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. More information about Midway can be obtained at www.midway.com.

Rise & Fall Civilizations at War is a trademark of Midway Home Entertainment Inc. 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, 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:

Reilly Brennan

Midway Media Relations

773.961.2557

[email protected]

Tara Monahan

HighWater Group for Midway

212.338.0077 ext. 303

[email protected]

Miguel Iribarren

Midway Investor Relations

773.961.2222

[email protected]