Midway Acquires North American and European Publishing Rights to Shadow Hearts: Covenant

[Midway Amusement Games via BizWire]

CHICAGO--(BUSINESS WIRE)--April 29, 2004--

Sequel to Critically Acclaimed Role-Playing Adventure, Shadow Hearts,
Scheduled For Release This Fall

Midway Games Inc. (NYSE:MWY), a leading interactive entertainment
publisher and developer, announced today that Shadow Hearts(R):
Covenant, the sequel to the critically acclaimed, fantasy-style
role-playing game (RPG) Shadow Hearts, is scheduled to be published
this fall in North America and Europe for the PlayStation(R)2 computer
entertainment system. With a mix of turn-based strategy and RPG
elements, Shadow Hearts: Covenant provides players with an even
greater magical quest than its predecessor. Shadow Hearts and Shadow
Hearts: Covenant, known as Shadow Hearts 2 in Japan, were created and
published in Japan by Aruze Corporation.
"We are very excited to be bringing a role-playing adventure of
this magnitude to the North American and European markets," said Mark
Beaumont, senior vice president entertainment, Midway. "With its
considerable production value and two DVDs of story driven gameplay,
Shadow Hearts: Covenant is a massive RPG experience."
The story unfolds via amazingly detailed cutscenes which bring the
enthralling and complex characters, powerful battle sequences and
unique gameplay to life. Shadow Hearts: Covenant also brings back the
innovative combat system, the Judgment Ring, which not only allows
players to choose which characters to bring to battle, but also
determines the final outcome of the battle based on the players' speed
and accuracy. New to the Shadow Hearts sequel, are enhancements to the
Judgment Ring which allow team-based combo attacks.
Set during World War I in a fantastical world of magic and
creatures, the game takes place six months after the original Shadow
Hearts ended. Yuri, the main character is back, and he embarks on a
new expedition with friends Gepetto, a puppet master, and Kallen, a
German female soldier. Yuri's morphing abilities have been weakened
because he has been cursed by Nicholas, a member of a secret society
taking advantage of the war to fulfill their evil ambitions of ruling
the world. Yuri and his companions must journey to find a cure for his
curse and defeat the malevolent cult.

Midway Games Inc. is a leading developer, publisher and marketer
of interactive entertainment software. Midway videogames are available
for play on all major videogame platforms including the
PlayStation(R)2 computer entertainment system, Xbox, Nintendo
GameCube(TM) and Game Boy(R) Advance.

SHADOW HEARTS is a registered trademark of Aruze Corporation. Used
under license. MIDWAY is a registered trademark of Midway Amusement
Games, LLC. "PlayStation" and the "PS" Family logo are registered
trademarks of Sony Computer Entertainment Inc. All other trademarks
are the property of their respective companies.

"This press release contains forward-looking statements 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, technological changes,
dependence on major platform manufacturers and other risks more fully
described under "Item 1. Business - Risk Factors" in our Annual Report
on Form 10-K for the year ended December 31, 2003, and in the other
more recent filings made by the Company with the Securities and
Exchange Commission."