Glu Mobile Reports Inducement Equity Awards to Non-Executive Employees

Glu Mobile Inc. (”Glu”) (NASDAQ:GLUU) today reported that that it granted stock options to 73 new non-executive employees of the Company to purchase a total of 105,750 shares of the Company’s common stock. The stock options have a six year life, vest on a four-year schedule (25 percent on the first anniversary of the initial vesting date for such option grant and 2.083 percent at the end of each month thereafter), and have an exercise price of $4.26, the closing price of the Company’s common stock on the date of grant.

The equity awards were granted under the Glu Mobile Inc. 2008 Equity Inducement Plan, which the Company’s Board of Directors adopted to facilitate the granting of stock options as an inducement to new employees to join the Company. In accordance with NASDAQ Marketplace Rule 4350(i)(1)(A)(iv), these awards were made under a stock incentive plan that has not received stockholder approval. NASDAQ rules require a public announcement of equity awards made under this type of plan

About Glu

Glu (NASDAQ:GLUU) is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah’s, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Founded in 2001, Glu is based in San Mateo, Calif. and has offices in London, France, Germany, Spain, Italy, Hong Kong, China, Sao Paulo and Chile. Consumers can find high-quality, fresh entertainment created exclusively for their mobile phones wherever they see the ‘g’ character logo or at www.glu.com.

GLU MOBILE, GLU, SUPER K.O. BOXING!, STRANDED, BRAIN GENIUS and the ‘g’ character logo are trademarks of Glu Mobile.

Contacts

Glu Mobile
Nicole Kennedy, 650-532-2488 (Media)
nicole.kennedy {at} glu(.)com
or
The Blueshirt Group
Todd Friedman, 415-217-7722 (Investor Relations)
todd {at} blueshirtgroup(.)com
Stacie Bosinoff, 415-217-7722 (Investor Relations)
stacie {at} blueshirtgroup(.)com