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Midway Chairman of the Board Resigns

(Press Release)

CHICAGO--(BUSINESS WIRE)--June 4, 2004--Midway Games Inc. (NYSE:MWY) announced today that it has been informed by its Chairman of the Board of Directors, Neil D. Nicastro, that Mr. Nicastro intends to resign as Chairman of the Midway board immediately following the June 10 annual meeting of Midway stockholders.

"I believe that Midway is a tremendous company with a bright future, but for personal and professional reasons the time has come for me to move on," said Mr. Nicastro. Midway's largest shareholders are Sumner M. Redstone and National Amusements Inc., who collectively own approximately 68% of Midway's outstanding shares. Mr. Redstone stated, "I personally appreciate the dedication and skill Neil has brought to his work for Midway over the years. Midway will announce a highly qualified successor shortly following the June 10th annual meeting."

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