MIDWAY BATTLES ITS WAY INTO RETAIL WITH RELEASE OF THE GRIM ADVENTURES OF BILLY & MANDY™ VIDEO GAME

One of Cartoon Network's Top–Rated Shows Comes to Game Systems

Chicago – September 25, 2006 – Midway Games Inc. (NYSE:MWY), a leading interactive entertainment industry publisher and developer, today announced that The Grim Adventures of Billy & Mandy™ video game has shipped for the PlayStation®2 computer entertainment system and Nintendo GameCube™. Gamers can play as any of 15 characters from one of Cartoon Network's most popular television shows in the fighting/adventure game, which is also scheduled to be available for Nintendo Wii™ and Game Boy® Advance in November of this year.

"The Grim Adventures of Billy & Mandy features a unique brand of humor and animation that translates perfectly to this intense, frenetic video game," said Steve Allison, chief marketing officer, Midway. "We have worked closely with Cartoon Network and show creator Maxwell Atoms to ensure the game retains the unique energy of the show, and we're excited to bring Grim, Billy, Mandy and their friends to video game consoles."

"We have a very successful relationship with Midway," said Christina Miller, vice president of U.S. consumer products for Cartoon Network Enterprises, the networks' global merchandising division. "They really understand the fun and humor that sets Cartoon Network apart and they are able to translate that into exciting gaming formats for our fans. 'The Grim Adventures of Billy and Mandy' is no exception."

About The Grim Adventures of Billy & Mandy

The Grim Adventures of Billy & Mandy videogame will set 15 of the popular television show's characters against each other in a fighting/adventure game. Whether players use Billy's berserk attack or Mandy's deadly smile, all of the characters will feature individual abilities based on their personalities. Players will be able to smash objects, destroy environments and battle in 20 fully interactive environments from the show.

In battle mode, up to four players can use a multitude of weapons in destructible arenas like the "Desert of Doom" and the "Underworld" to battle it out and be the last one standing. Players also have the option to play on their own or with a friend in mission mode, a series of 45 missions where players can unlock new weapons and characters like Hoss Delgado and Fred Fredburger.

About Midway

Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with offices throughout the world, is a leading developer and publisher of interactive entertainment software for major videogame systems and personal computers. More information about Midway and its products can be found at www.midway.com.

About Cartoon Network

Cartoon Network Enterprises (CNE), the global branding and merchandising arm of Cartoon Network, is charged with building consumer product franchises for Cartoon Network, its brands and characters from the channel's growing library of award–winning, original programming. CNE also works to secure and support long–term licensee partnerships across all key merchandising categories. The division currently offers consumer product programs for an array of animation franchises including Foster's Home for Imaginary Friends, Ben 10, The Powerpuff Girls, Ed, Edd n Eddy, Hi Hi Puffy AmiYumi,My Gym Partner's a Monkey, Camp Lazlo, The Grim Adventures of Billy and Mandy, Adult Swim and more.

Cartoon Network (CartoonNetwork.com), currently seen in more than 89 million U.S. homes and 160 countries around the world, is Turner Broadcasting System, Inc.'s ad–supported cable service offering the best in original, acquired and classic animated entertainment for kids and families. Overnight from 11 p.m.–6 a.m. (ET, PT) Sunday–Thursday, Cartoon Network shares its channel space with Adult Swim, a late–night destination showcasing original and acquired animation for young adults 18–34.

THE GRIM ADVENTURES OF BILLY AND MANDY and all related characters and elements are trademarks of and © Cartoon Network.
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"PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Nintendo GameCube and Game Boy Advance are trademarks of Nintendo. ©2001 Nintendo. Wii is a trademark of Nintendo. All other trademarks are the property of their respective companies.

This press release contains "forward–looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 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, the console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1. Business – Risk Factors" in the Company's Annual Report on Form 10–K for the year ended December 31, 2005, and in more recent filings made by the Company with the Securities and Exchange Commission. Each forward–looking statement, including, without limitation, financial guidance, speaks only as of the date on which it is made, and Midway undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.