Bonus Features to Include Specialized Metal Packaging, New Character and Behind–the–Scenes Videos, Ultimate Mortal Kombat®3 and More

First Mortal Kombat Title for Nintendo Wii™ Scheduled to Ship in Q1 2007

CHICAGO – August 2, 2006 – Midway Games Inc. (NYSE: MWY), a leading interactive entertainment industry publisher and developer, today announced that four, all–new limited Premium Editions of Mortal Kombat®: Armageddon™ will be available for the PlayStation®2 computer entertainment system when the latest iteration of Midway's best–selling fighting franchise ships to stores nationwide, currently scheduled for October 9, 2006. Midway also today announced that Mortal Kombat: Armageddon, currently in development at Midway's Chicago studio, is expected to be available for Nintendo Wii™ in Q1 2007. More specific details on Mortal Kombat: Armageddon for the Wii will be unveiled later this year.

Available exclusively on the PlayStation®2, three of the four Mortal Kombat: Armageddon Premium Editions will feature metallic packaging covers that highlight some of the franchise's most popular character duos, including: Sindel & Shao Kahn, Johnny Cage & Goro, and Kano & Sonya. The fourth Premium Edition set will feature the general Mortal Kombat: Armageddon retail box art on metallic packaging. The Premium Edition sets have a suggested retail price of $49.95 and will also include the following:

• An arcade–perfect, playable of the original Ultimate Mortal Kombat® 3
• Over 60 minutes of bonus DVD video content featuring a "History of Fatalities" movie, along with new videos for more than 50 of the Mortal Kombat characters
• A metal package created exclusively for the limited edition Premium Edition sets; there will be four unique box fronts in total
• Animation cell cover art autographed by franchise co–creator, Ed Boon

About Mortal Kombat: Armageddon

Mortal Kombat: Armageddon – the latest chapter in the award–winning video game fighting franchise. With the most complete roster ever, including every character from the Mortal Kombat fighting universe, revolutionary Create–A–Fighter and Create–A–Fatality modes, plus a new Konquest mode, Mortal Kombat: Armageddon promises to be the most complete, intensely lethal, fighting experience ever!

For more information about Mortal Kombat: Armageddon, please visit www.midway.com. Limited Premium Editions available while supplies last.

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.

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MORTAL KOMBAT: ARMAGEDDON, ULTIMATE MORTAL KOMBAT 3, all character names, and MIDWAY are trademarks or registered trademarks of Midway Amusement Games, LLC. "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Nintendo Wii is a trademark of Nintendo ©2001 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. The Company's actual results could differ materially from those described in the forward–looking statements as a result of a number of risks and uncertainties, including, without limitation, the performance of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1A. Risk Factors" in the Company's Annual Report on Form 10–K for the year ended December 31, 2005, and in other 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 the Company 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, except as required by law.

For more information contact:

Tim DaRosa
Midway – Media Relations
773–961–2445
tdarosa@midwaygames.com

Geoffrey Mogilner
Midway – Investor Relations
773–961–2222
gmogilner@midwaygames.com

Ann Mangold
HighWater Group
212–338–0077 ext.312
ann@highwatergroup.com