Take-Two Interactive Software, Inc. Amends Senior Secured Revolving Credit Facility

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has amended its senior secured revolving credit facility. As amended, the credit facility provides for borrowings of up to $100 million, plus an additional $40 million accordion feature, for a period of five-years. The credit facility may be used to fund working capital, letters of credit and for other general corporate purposes. Prior to the amendment, the Company’s credit facility was undrawn and scheduled to expire on July 3, 2012.

Lenders participating in the amended credit facility include Wells Fargo Capital Finance, Inc., which will serve as the administrative agent, and JPMorgan Chase Bank, N.A. The terms and conditions of the credit facility are detailed in the Company’s Form 8-K filed with the Securities and Exchange Commission today, which can also be found at www.take2games.com.

“We are pleased that Take-Two’s strong financial profile and favorable market conditions have enabled us to amend the Company’s credit facility on significantly improved terms,” said Strauss Zelnick, Chairman and CEO of Take-Two. “With a solid cash reserve, undrawn credit facility and robust cash flow outlook, we expect to have ample liquidity to pursue growth opportunities.”

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer and publisher of interactive entertainment software games for the PC, PlayStation®3 and PlayStation®2 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox 360® video game and entertainment system from Microsoft, Wii™, Nintendo DS™, iPhone®, iPod® touch and iPad®. The Company publishes and develops products through its wholly owned labels Rockstar Games and 2K, which publishes its titles under 2K Games, 2K Sports and 2K Play. 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 www.take2games.com.

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