NEWS - Friday, September 10, 2004

Take-Two Releases Q3 Fiscal 2004 Results

NEW YORK --(Business Wire)-- Sept. 9, 2004 Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced financial results for its third quarter and nine months ended July 31, 2004. Net sales for the third quarter ended July 31, 2004 were $160.9 million, compared to $152.1 million for last year’s third quarter. Net loss for the quarter was $14.4 million, compared to net income of $5.7 million last year, with a net loss of $0.32 per share compared to net income per share of $0.13 last year. Net sales for the nine months ended July 31, 2004 were $689.7 million, compared to $756.1 million for the same period a year ago, a period which included significant sales of the blockbuster title Grand Theft Auto: Vice City for PlayStation(R)2 and the then newly released titles Midnight Club 2 for PlayStation 2 and Grand Theft Auto: Vice City for PC. Net income of $2.7 million compared to $71.9 million in the comparable period last year, with diluted net income per share of $0.06 compared to $1.68

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