Location Cannot be Disclosed, May 20, 2014– The most beloved birds on the global espionage scene, the Penguins of Madagascar, have been recruited for a super-secret mission to save the world from a cunning madman this Thanksgiving.

“As top-secret spies, we rarely send press releases,” said squad leader Skipper, “But yeah, we’ve been asked to save the world this Thanksgiving. Just once, can’t a madman try to wreak havoc on a weekday between 9 and 5?”

Dawn Taubin, Chief Marketing Officer at DreamWorks Animation says:

“We will continue to be as flexible as necessary when it comes to our release dates. We see a unique opportunity for our next two films by having the Penguins of Madagascar move onto November 26 of this year and Home move onto March 27, 2015. We’re confident that this date switch gives both of our upcoming releases the largest opportunity for success.”

When approached for comment, Captain Smek, star of the upcoming film Home and leader of the Boov, responded with:

“We are very pleased to let Earth’s most powerful penguins save the world before we invade it. Your planet will still be there in the spring – and this way, we don’t have to buy any of you earthlings Christmas gifts.”

About DreamWorks Animation

DreamWorks Animation (Nasdaq: DWA) creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. DreamWorks Animation has been named one of the “100 Best Companies to Work For” by FORTUNE® Magazine for five consecutive years. In 2013, DreamWorks Animation ranks #12 on the list. All of DreamWorks Animation’s feature films are produced in 3D. The Company has theatrically released a total of 28 animated feature films, including the franchise properties of Shrek, Madagascar, Kung Fu Panda, How to Train Your Dragon, Puss In Boots, and The Croods.

Caution Concerning Forward-Looking Statements

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company’s plans, prospects, strategies, proposals and our beliefs and expectations concerning performance of our current and future releases and anticipated talent, directors and storyline for our upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which we operate and management's beliefs and assumptions. 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 DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of our films, our dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, the effect of rapid technological change or alternative forms of entertainment and our need to protect our proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of animated feature projects, the release dates for the projects described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and our most recent quarterly reports on Form 10-Q. 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.

Contact:

Allison Rawlings

DreamWorks Animation

(818) 695-3278

allison.rawlings@dreamworks.com

Matt Lifson

DreamWorks Animation

(818) 695-6576

matt.lifson@dreamworks.com