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Take-Two Announces Resignation of Chief Financial Officer

Two Interactive Software announces the resignation of Karl Winters, Chief Financial Officer, effective immediately. Lainie Goldstein, who currently serves as the Company's Senior Vice President of Finance, has been named interim Chief Financial Officer until a permanent replacement is named. The Company is working with Mr. Winters to ensure an orderly and effective transition.

Ms. Goldstein is a CPA with over 15 years of financial and business experience in the software, entertainment, retail and apparel industries, including more than 8 years overseeing the finance function of publicly traded companies. She joined Take-Two in November 2003 after seven years with Nautica Enterprises, where she served as Vice President, Finance and Business Development. Ms. Goldstein also held positions in the audit and reorganization departments at Grant Thornton and received her BS in Accounting from The American University in Washington, D.C.

A search for a permanent Chief Financial Officer is underway.



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