DreamWorks Animation Counsel Katherine Kendrick to Leave Company at End of Year

GLENDALE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- DreamWorks Animation SKG,
Inc. (Nasdaq: DWA) announced today that its General Counsel, Katherine
Kendrick, has decided to leave the company when her contract expires at the
end of the year. Kendrick will be devoting her time to her ongoing work with
a number of philanthropic organizations.

(Photo: http://www.newscom.com/cgi-bin/prnh/20091109/LA07274)

"Kathy has been a key member of our executive team helping to steer the
company from the founding of DreamWorks through our IPO and beyond," stated
Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation. "It has
been my great pleasure to work with Kathy for over 20 years, first at Disney
and then at DreamWorks, and I appreciate her desire to contribute her
considerable talents to the various organizations she feels so strongly
about."

"During my 14 years at DreamWorks, it has truly been a great privilege to have
worked alongside an incredibly talented group of people and play a part in the
creation of a very special company. Together, we built DreamWorks from a
start-up to a major force in the entertainment industry, even spinning off the
Animation division into a thriving and successful public company," commented
Kendrick. "I'm excited to embark on the next phase of my life and feel
incredibly lucky to be able to pursue my philanthropic passions."

Kendrick currently serves on a number of non-profit boards, including the
United States Olympic Foundation, Waterkeeper's Alliance and LA's BEST (Better
Educated Students for Tomorrow), as well as on advisory boards, including the
Los Angeles Sports and Entertainment Commission, Kids Play International and
Columbia University School of Law's Kernochan Center for Law, Media and the
Arts. She previously served on the California State School to Career Advisory
Council, as Vice Chair of the Minority Business Opportunity Council of the
City of Los Angeles and on the Board of Directors for Big Brothers/Big Sisters
of the Greater Los Angeles Area.

Prior to joining DreamWorks as General Counsel, Kendrick was Vice
President-European Legal Affairs for The Walt Disney Company, based in Paris,
France. Before moving to Paris, Kendrick served as a Director of Legal
Affairs for The Walt Disney Studios, having segued to Disney from the law firm
of Latham & Watkins. Kendrick received her J.D. degree from Columbia
University Law School and her B.A. in economics from the University of
California, Berkeley.

About DreamWorks Animation SKG
DreamWorks Animation creates high-quality entertainment, including CG animated
feature films, television specials and series, live entertainment properties
and online virtual worlds, 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. All of DreamWorks Animation's
feature films are now being produced in 3D. The Company has theatrically
released a total of 18 animated feature films, including the franchise
properties "Shrek," "Madagascar" and "Kung Fu Panda."

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.

SOURCE DreamWorks Animation SKG, Inc.

Jeff Hare, Publicity, +1-818-695-8055, jeff.hare@dreamworks.com, or Shannon
Olivas, Corporate Communications, +1-818-695-3658,
shannon.olivas@dreamworks.com, both for DreamWorks Animation SKG, Inc.