Statement re Offer by Codex Games Limited

Take-Two Interactive Software, Inc.

14 December 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

Take-Two Interactive Software, Inc.

Statement regarding Offer for Codemasters Group Holdings plc

by Codex Games Limited, an indirect subsisiary of Electronic Arts Inc.

Take-Two Interactive Software, Inc. ("Take-Two") notes the announcement by Codex Games Limited, an indirect subsidiary of Electronic Arts Inc. ("Electronic Arts") of a firm intention to make an offer for Codemasters Group Holdings plc ("Codemasters") at 604 pence in cash for each Codemasters share held (the "Electronic Arts Offer") and the announcement by the Board of Codemasters to change its recommendation from the acquisition of Codemasters by Take-Two in favour of the Electronic Arts Offer.

Take-Two is considering its position in relation to Codemasters and a further announcement will be made when appropriate.

The person responsible for arranging for the release of this announcement on behalf of Take-Two is Daniel P. Emerson, Chief Legal Officer.

Enquiries

Take-Two

Investor Relations +1 646 536 3005

Henry A. Diamond ([email protected])

Corporate Press +1 646 536 2983

Alan Lewis ([email protected])

Goldman Sachs International (financial adviser to Take-Two)

Nick Harper +44 (0) 20 7774 1000Khamran AliAaron Siegel +1 212 902 1000Daniel Krinsky

Brunswick LLP (PR adviser to Take-Two) Tel: +44 20 7404 5959

Jonathan Glass

Sarah West

Information on Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc. is a leading developer, publisher and marketer of interactive entertainment for consumers around the globe. We develop and publish products principally through Rockstar Games, 2K, Private Division, and Social Point. Our products are designed for console systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services. The Company's common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information please visit our website at http://www.take2games.com.

Publication on a website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at Take-Two's website (www.take2games.com) by no later than 12 noon (London time) on 15 December 2020. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Take-Two and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Take-Two for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in connection with the matters referred to in this announcement.