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2K Sports Announces Derek Jeter as Official Spokesman and Cover Athlete for Major League Baseball®2K7

New York Yankees'® Captain Derek Jeter to Return as Cover Athlete of the Premier Major League Baseball Video Game

NEW YORK, NY - January 4, 2007 - 2K Sports, a publishing label of Take-Two Interactive Software, Inc. (Nasdaq: TTWO), proudly announced today the return of New York Yankees' All-Star Shortstop Derek Jeter as cover athlete and official spokesperson for Major League Baseball®2K7.

"We strive with every 2K Sports product to bring the most entertaining and realistic sports experience possible. With Major League Baseball 2K7 we listened to our fans, redesigning the game by strengthening the core gameplay and incorporating new, innovative features," stated Greg Thomas, president of Visual Concepts, a 2K Sports studio. "When Major League Baseball 2K7 is released later this winter, fans will experience the most authentic and exciting MLB® video game experience on any platform."

"It is a real privilege to represent the premier MLB title in the video game industry," stated Derek Jeter. "Just as I am always striving to improve my game, 2K Sports is constantly improving theirs, and this dedication has made Major League Baseball 2K7 the best MLB video game ever."

Jeter, a seven-time All-Star, had a spectacular 2006 season, finishing with a .343 batting average that ranked second overall in the American League. Additionally in 2006, Jeter won his third straight Gold Glove award as well as winning the Hank Aaron Award for best overall offensive performer for the American League. As the New York Yankees' team captain, Jeter's talent, leadership, and determined attitude have earned him numerous accolades, cementing him as one of the greatest players to wear the Yankee pinstripes.

Major League Baseball 2K7 will be available for the Xbox 360 and Xbox® video game and entertainment systems from Microsoft, the PLAYSTATION®3 and PlayStation®2 computer entertainment systems, and the PSP® (PlayStation®Portable) system. Additional features and enhancements that take the virtual Major League Baseball experience to the next level will be announced in advance of the release of Major League Baseball 2K7 in late winter.

For more information, log onto http://www.2ksports.com

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PlayStation® game console, PlayStation®2 and PLAYSTATION®3 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox® and Xbox 360 video game and entertainment systems from Microsoft, Nintendo GameCube, Nintendo DS and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K and 2K Sports, and Global Star Software; and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. 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.

All trademarks and copyrights contained herein are the property of their respective holders.

Xbox, Xbox 360 and Xbox Live are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.

"PlayStation", "PLAYSTATION", and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc.

Major League Baseball trademarks and copyrights are used with permission of Major League Baseball Properties, Inc. Visit the official Major League Baseball website at MLB.com ® MLBPA-Official Licensee, Major League Baseball Players Association. Visit www.MLBPLAYERS.com, the Players Choice on the web.

Safe Harbor Statement under the Private Securities Litigation 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 risks and uncertainties include the final conclusions of the Special Committee and the Board of Directors concerning matters related to the Company's stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper procedures were followed, the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; the timing of the completion of the Special Committee's investigation; and the possibility that the Special Committee's investigation or any governmental investigation may reveal issues that the Company does not currently realize exist. In addition, the investigation and conclusions of the Special Committee may require additional expenses to be recorded; may continue to adversely affect the Company's ability to file required reports with the U.S. Securities and Exchange Commission ("SEC") on a timely basis, may require revisions to the Company's conclusions on the effectiveness of internal control over financial reporting and disclosure controls and procedures, and may impede the Company's ability to meet the requirements of the NASDAQ Stock Market for continued listing of the Company's shares; and may result in claims and proceedings relating to such matters, including previously disclosed shareholder and derivative litigation and actions by the SEC and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. Other important factors are described in the Company's Form 10-Q for the quarter ended April 30, 2006 in the section entitled "Risk Factors".

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