Midway Announces Mortal Kombat: Deception For Nintendo GameCube

MIDWAY ANNOUNCES MORTAL KOMBAT®:
DECEPTION™ FOR NINTENDO GAMECUBE™

Revolutionary Franchise Set to
Deliver Intense Fighting Action to Nintendo GameCube Owners in Early 2005

CHICAGO – August 26, 2004 – Midway
Games Inc. (NYSE: MWY), a leading interactive entertainment industry publisher
and developer, today announced plans to bring the latest iteration of it’s
world-renowned Mortal Kombat fighting game franchise, Mortal Kombat®:
Deception™, to the Nintendo GameCube™ in the first half of 2005.

Mortal Kombat: Deception takes
martial arts-style fighting and the Mortal Kombat franchise to new heights with
an innovative engine delivering intensely in-depth, blood-spurting action that
will appeal to long-time Mortal Kombat fans as well as current-generation
gamers. The game features powerful hand-to-hand and special weapons combat, four
unique gameplay modes (Kombat, Konquest, Puzzle and Chess Kombat) along with
all-new fighting combinations and multiple character specific fatalities.

Mortal Kombat: Deception is
scheduled to ship October 4, 2004, for the PlayStation®2 computer entertainment
system and the Xbox® video game system from Microsoft.

For more information go to
www.mortalkombatdeception.com

About Midway

Midway Games Inc. is a leading
developer, publisher and marketer of interactive entertainment software. Midway
videogames are available for play on all major videogame platforms including the
PlayStation®2 computer entertainment system, Xbox®, Nintendo GameCube™ and Game
Boy® Advance.

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MORTAL KOMBAT: DECEPTION and MIDWAY
are trademarks of Midway Amusement Games, LLC. "PlayStation" and the "PS" Family
logo are registered trademarks of Sony Computer Entertainment Inc. Xbox is a
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.

"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,
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 other more
recent filings made by the Company with the Securities and Exchange Commission."