Mortal Kombat Ships for the GBA

Midway Brings Mortal Kombat® to
Next-Generation Handheld System

Game Boy® Advance Owners Prepare
for Intense Fighting-Game Action with Mortal Kombat® Advance

CHICAGO – December 12, 2001 – Midway
Games Inc. (NYSE: MWY), a software industry publisher and developer, announced
today that Mortal Kombat® Advance shipped for the Game Boy® Advance.

“Midway is excited about bringing
the Mortal Kombat franchise to the Game Boy Advance,” said Helene Sheeler, vice
president of marketing, Midway. “Mortal Kombat has set the standard for martial
arts fighting games over the years and will continue to do so on handheld
systems.”

Derived from Ultimate Mortal Kombat
3 and Mortal Kombat Trilogy, Mortal Kombat Advance delivers punishing fighting
action, which fans of the franchise crave. In single-player mode, players choose
from more than 20 playable characters – including returning fighters, level
bosses and secret hidden characters – to stop the evil Shao Kahn and his minions
from taking over the “Earth Realm.” Players compete in intense hand-to-hand and
special-weapon combat as they fight their way through mysterious fantasy-like
worlds and unleash special combination moves and fatalities on their opponents.
In multi-player mode, players can challenge their friends in one-on-one or
two-on-two battles using the Game Boy Advance Game Link® Cable.

One of the best-selling franchises
in videogame history – with more than 19 million home games sold – the Mortal
Kombat series (first iteration was released in 1992) has garnered more than $500
million in revenue through movies, music, toys and other promotional items.
Ultimate Mortal Kombat 3 was originally released in 1995 for the arcade, Super
Nintendo® and Sega Genesis™. Mortal Kombat Trilogy was later released for the
PlayStation® game console (1996), Nintendo® 64 (1996) and Sega Saturn™ (1997).

Mortal Kombat Advance Key Features

  • More than 20 characters to select
    including returning fighters, bosses and hidden characters

  • Multiple combination moves,
    friendships and fatalities

  • Single-player and multi-player
    modes

  • Game Boy Advance Game Link
    compatible

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

# # #

MORTAL KOMBAT and MIDWAY are
registered trademarks of Midway Amusement Games, LLC.

Game Boy Advance and the Game Boy
Advance logo 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 amusement games 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 “Risk Factors” in the Company’s registration
statement on Form S-3 recently filed with the Securities and Exchange
Commission.