Terry Press Joins DreamWorks Animation as Worldwide Head of Marketing

Terry Press Joins DreamWorks Animation as Worldwide Head of Marketing

GLENDALE, Calif., Feb. 2 /PRNewswire-FirstCall/ -- DreamWorks Animation (NYSE:DWA) today announced that Terry Press has joined the company as its worldwide head of marketing.

Press, who was with DreamWorks SKG for the past 10 years as its marketing head, joins the animation company now that DreamWorks SKG has been acquired by Paramount Pictures. Paramount is responsible for the distribution of DreamWorks Animation films.

Press will oversee all marketing for DreamWorks Animation and be the senior liaison with the marketing team at Paramount.

"Terry and I have worked closely together for 19 years," said Jeffrey Katzenberg, DreamWorks Animation chief executive. "This studio has an exciting slate of films in our future and marketing those movies is a vitally important function. I can think of no one better to lead that effort than Terry and I am delighted DreamWorks Animation will continue to benefit from her experience."

About DreamWorks Animation SKG

DreamWorks Animation is principally devoted to developing and producing computer generated, or CG, animated feature films. With world-class creative talent, a strong and experienced management team and advanced CG filmmaking technology and techniques, DreamWorks Animation makes high quality CG animated films meant for a broad movie-going audience. The company has theatrically released a total of eleven animated feature films, including Antz, Shrek, Shrek 2, Shark Tale, Madagascar and Wallace & Gromit: Curse of the Were-Rabbit. DreamWorks Animation's newest release, Over the Hedge, opens in theaters May 19, 2006.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the expected benefits to DreamWorks Animation SKG, Inc. (the "Company") from the new distribution agreement with Paramount Studios, the Company's proposals and plans to promote upcoming movies with Paramount and its affiliates, and the Company's beliefs and expectations concerning performance of our current and future releases. These statements are based on current expectations, estimates, forecasts and projections about the Company's future relationship with Paramount, the industry in which the Company operates, management's beliefs and assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of the Company. For a description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission, including its annual report on Form 10-K for fiscal year 2004 and its quarterly reports on Form 10-Q for the first, second and third quarters of 2005. DreamWorks Animation is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Source: DreamWorks Animation SKG

CONTACT: Investors, Rich Sullivan, DreamWorks Animation Investor
Relations, +1-818-695-3900, ir@dreamworksanimation.com, or Media, Bob Feldman,
DreamWorks Animation Corporate Communications, +1-818-695-6677,
bfeldman@dreamworksanimation.com

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