Take-Two Interactive Software, Inc. Announces that Australian Rating Board Revokes Classification for Grand Theft Auto: San Andreas.

NEW YORK -- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) said today that Australia's Office of Film and Literature Classification (OFLC), the Australian entity responsible for rating films and video games, has revoked the classification of Grand Theft Auto: San Andreas. As a result of this decision, the game is now unclassified in Australia, and cannot be sold, advertised or distributed in that country.

The Company stated that the OFLC decision had been expected and the financial impact will not alter the Company's recently announced guidance.

In announcing its decision, the OFLC stated that, "the content unlocked by a third party 'hot coffee' modification contained material that could not be accommodated at the (prior) MA15+ classification."

Take-Two added that the European ratings will not be affected by this decision or the recent ESRB re-rating in the U.S. The Interactive Software Federation of Europe (ISFE) has stated of the Pan European Game Information (PEGI) rating, "The application of the so-called 'hot coffee mod' to the game Grand Theft Auto: San Andreas does not change the 18+ rating this title has been granted by the PEGI administrator."

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is an integrated global developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation(R) game console, PlayStation(R)2 computer entertainment system, PSP(TM) (PlayStation(R)Portable) system, the Xbox(R) video game and entertainment system from Microsoft, the Xbox 360(TM) video game and entertainment system from Microsoft, Nintendo GameCube(TM), Nintendo DS(TM) and Game Boy(R) Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and Global Star Software; and distributes products in North America through its Jack of All Games subsidiary. Take-Two also manufactures and markets video game accessories in Europe, North America and the Asia Pacific region through its Joytech subsidiary. The Company maintains sales and marketing offices in Cincinnati, New York, Toronto, London, Paris, Munich, Madrid, Vienna, Milan, Sydney, Breda (Netherlands) and Auckland. Take-Two'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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Safe Harbor Statement under the Private Securities Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These important factors are described in the Company's Form 10-Q for the quarter ended April 30, 2005 in the section entitled "Cautionary Statement and Risk Factors".