GLENDALE, Calif., May 28 /PRNewswire-FirstCall/ — DreamWorks Animation SKG, Inc. (Nasdaq: DWA) announced today its plans to release five feature films every two years, adding an additional film every other year to its existing two picture a year release schedule on a going-forward basis. The Company also announced its upcoming slate of animated feature film releases through 2012.

The Company’s slate through 2012 now includes eight feature films from DreamWorks Animation’s talented and seasoned creative leadership team, including five original films and three sequels based on the Company’s existing blockbuster franchises, Shrek, Madagascar and Kung Fu Panda. As has been previously announced, all DreamWorks Animation feature films are now being produced in 3D.

“Our exceptionally talented and highly experienced creative team is bringing to DreamWorks Animation a significant number of imaginative, original and cutting-edge ideas today,” said Bill Damaschke, Co-President of Production and President of Live Theatrical. “Having achieved a high level of success and consistency in our creative process and having in our development pipeline more great story concepts than ever before, we are very confident in our ability to add one original film every other year.”

The upcoming animated films on the Company’s future theatrical release schedule are currently planned as follows: How to Train Your Dragon, which is based on the book of the same name by Cressida Cowell, will be released on March 26, 2010. Shrek Forever After will be released on May 21, 2010. Oobermind (formerly titled Master Mind) will be released on November 5, 2010. Kung Fu Panda: The Kaboom of Doom will be released on June 3, 2011. The Guardians (working title), based on the forthcoming books by William Joyce, will be released on November 4, 2011. Puss In Boots (working title) will be released on March 30, 2012. The next chapter of the Company’s hit franchise Madagascar is due to be released on May 25, 2012. On November 2, 2012, the Company plans to release one of three original projects currently in pre-production at the studio. The first is The Croods (working title).