Mr. Sherman has served as Chief Executive Officer of The David GeffenCompany, an investment management company, since 1992. Prior to assuming thisposition, Mr. Sherman was a partner with Breslauer, Jacobson, Rutman andSherman, a leading business management firm serving the entertainmentindustry. He previously served as a staff accountant with Peat, Marwick andMitchell.

"Richard is very familiar with our company and brings a far-reachingbackground in finance along with substantial industry expertise," said JeffreyKatzenberg, Chief Executive Officer of DreamWorks Animation. "On behalf of ourentire Board, I would like to welcome Richard to the Company."

"I am thrilled to join the DreamWorks Animation family and look forward toworking closely with the Board and the Company's first-rate management team tocontribute to its future as one of the leading CG animation companies in theindustry," said Sherman.

Mr. Sherman is a certified public accountant and serves on the Boards ofDirectors for Aviva Family and Children's Services, The Geffen Playhouse andThe David Geffen Foundation.

With the appointment of Mr. Sherman, DreamWorks Animation's Board ofDirectors currently has 12 members including: Roger Enrico, Chairman ofDreamWorks Animation; Jeffrey Katzenberg, Chief Executive Officer ofDreamWorks Animation; Lew Coleman, President and Chief Financial Officer ofDreamWorks Animation; Mellody Hobson, President of Ariel Capital Management;Nathan Myhrvold, Chief Executive Officer of Intellectual Ventures; MegWhitman, former President and Chief Executive Officer of eBay; Karl von derHeyden, retired Vice Chairman and Chief Financial Officer of PepsiCo, Inc.;Judson Green, President and Chief Executive Officer of NAVTEQ; MichaelMontgomery, President of Montgomery & Co; Tom Freston, former President andChief Executive Officer of Viacom; and entertainment attorney Skip Brittenham.

About DreamWorks Animation SKG

DreamWorks Animation is principally devoted to developing and producingcomputer generated, or CG, animated feature films. With world-class creativetalent, a strong and experienced management team and advanced CG filmmakingtechnology and techniques, DreamWorks Animation makes high quality CG animatedfilms meant for a broad movie-going audience. The Company anticipatesreleasing its feature films into both conventional and IMAX(R) theatresworldwide. The Company has theatrically released a total of seventeen animatedfeature films, including Shrek, Shrek 2, Shark Tale, Madagascar, Over theHedge, Shrek the Third, Bee Movie, Kung Fu Panda and Madagascar: Escape 2Africa. Monsters vs. Aliens opens in theaters on March 27, 2009. Beginning in2009, all of the Company's feature films will be produced in stereoscopic 3Dtechnology.

SOURCE DreamWorks Animation SKG, Inc.