Glu Mobile Inc. : CHRIS AKHAVAN JOINS GLU MOBILE AS PRESIDENT OF PUBLISHING

 Glu Mobile Inc. : CHRIS AKHAVAN JOINS GLU MOBILE AS PRESIDENT OF PUBLISHING

CHRIS AKHAVAN JOINS GLU MOBILE AS PRESIDENT OF PUBLISHING

  *Glu expands publishing team to focus on driving increased monetization and
    new global partnerships

  *Harry Liu hired to lead 3^rd Party Publishing

  *Kal Iyer promoted to Global CTO 

San Francisco, Calif. - Apr. 22, 2013 - Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of free-to-play games for smartphone
and tablet devices, today announced that Chris Akhavan has joined the company
as President of Publishing. Akhavan will lead Glu's global efforts to
strengthen and grow Glu's distribution and monetization capabilities.

Akhavan brings to Glu a strong background in mobile monetization, advertising,
user acquisition, developer relations, business development, and international
expansion. Most recently, he served as Senior Vice President of Global
Partnerships for Tapjoy where he was a key early member of the team that built
a leading mobile advertising and monetization platform. Chris was instrumental
in building and scaling Tapjoy's commercial operations globally, including
establishing offices in Japan and Korea.

"I am delighted that Chris has joined Glu as President of Publishing and
anticipate that his expertise in marketing, advertising, and developer
relations will support scaling of our internal studio and 3^rd party
publishing businesses globally," said Niccolo de Masi, CEO of Glu Mobile. "We
believe that his experience driving monetization and partnerships in
international markets will allow Glu to further capitalize on the company's
substantial global customer base."

"I've worked closely with countless free-to-play mobile gaming studios over
the past several years, and Glu has always stood out to me as being uniquely
positioned to succeed in a rapidly evolving market," said Chris Akhavan. "I'm
excited to join the Glu team and I look forward to leading Glu's efforts to
grow player reach, increase advertising revenue, and strengthen key platform
and distribution partnerships."

To further strengthen Glu's publishing efforts, the company has hired Harry
Liu as Vice President of 3^rd Party Publishing. Prior to Glu, Harry was a
General Manager at Kabam where he managed multiple game teams including the
team responsible for The Godfather.

The company has also promoted Kal Iyer to the position of Global CTO. Kal has
served Glu in various leadership roles during the past 10 years, including as
Senior Vice President of Research & Development since July 2010. In his new
role, Kal will accelerate the roadmap and adoption of Glu's central technology
infrastructure amongst internal studio and 3^rd Party Publishing teams.

                                     ###

2008 Equity Inducement Plan
In connection with the appointment of Chris Akhavan's as our new President of
Publishing, Glu has agreed that the Compensation Committee of its Board of
Directors will award Mr. Akhavan a non-qualified stock option to purchase
300,000 shares of Glu's common stock pursuant to Glu's 2008 Equity Inducement
Plan. Glu's historical policy with respect to new hire stock option grants is
to award a newly hired employee his or her stock option on the second Tuesday
of the month following his or her employment start date; accordingly, the
grant date for Mr. Akhavan's grant will be May 9142013. The stock options will
have a six-year term, vest on a four-year schedule (25% of the underlying
shares will vest on the first anniversary of Mr. Akhavan's start date, and
2.083% of the underlying shares will vest monthly thereafter), and will have
an exercise price equal to the closing price of Glu's common stock on The
NASDAQ Global Market on the May 14, 2013 grant date.

Glu's Compensation Committee adopted the 2008 Equity Inducement Plan, which is
a non-stockholder approved plan, to facilitate the granting of stock options
as an inducement to new employees to join Glu. NASDAQ Marketplace Rule
5635(c)(4) requires a public announcement of equity awards made under this
type of plan.

Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including those
regarding: our expectation that Mr. Akhavan's expertise in marketing,
advertising, and developer relations will support scaling of our publishing
business globally; our expectation that Mr. Akhavan's experience driving
monetization and partnerships in international markets will allow Glu to
further capitalize on the company's substantial global customer base; that Mr.
Akhavan will lead Glu's efforts to grow player reach, increase advertising
revenue, and strengthen key platform and distribution partnerships; and that
Mr. Iyer will accelerate the roadmap and adoption of Glu's central technology
infrastructure amongst internal studio and 3^rd Party Publishing teams. These
forward-looking statements are subject to material risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. Investors should consider important risk factors,
which include: the risk that consumer demand for smartphones, tablets and
next-generation platforms does not grow as significantly as we anticipate or
that we will be unable to capitalize on any such growth; the risk that we do
not realize a sufficient return on our investment with respect to our efforts
to develop freemium games for smartphones, tablets and next-generation
platforms; the risk that we will not be able to maintain our good
relationships with Apple and Google; the risk that our development expenses
for games for smartphones are greater than we anticipate; the risk that our
recently and newly launched games are less popular than anticipated; the risk
that our newly released games will be of a quality less than desired by
reviewers and consumers; the risk that the mobile games market, particularly
with respect to freemium gaming, is smaller than anticipated; and other risks
detailed under the caption "Risk Factors" in our Form 10-K filed with the
Securities and Exchange Commission on March 15, 2013 and our other SEC
filings. You can locate these reports through our website at
http://www.glu.com/investors. We are under no obligation, and expressly
disclaim any obligation, to update or alter our forward-looking statements
whether as a result of new information, future events or otherwise.

Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of
freemium games for smartphone and tablet devices. Glu is focused on creating
compelling original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER,
BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms
including iOS, Android, Windows Phone, Google Chrome, and MAC OS. Glu's unique
technology platform enables its titles to be accessible to a broad audience of
consumers globally. Founded in 2001, Glu is headquartered in San Francisco
with a major office outside Seattle, and international locations in Canada,
China, and Russia. Consumers can find high-quality entertainment wherever they
see the 'g' character logo or at www.glu.com. For live updates, please follow
Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at
Facebook.com/glumobile.

CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES
DEFENSE, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu
Mobile Inc.

Media Contact
Jason Enriquez
Glu Mobile Inc.
PR@glu.com
(415) 800-6263

Investor Relations
Seth Potter
ICR
IR@glu.com
(646) 277-1230

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Source: Glu Mobile Inc. via Thomson Reuters ONE
HUG#1694674
 
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