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DigitalGlobe Accepts Unsolicited Offer for a New Location


DigitalGlobe Accepts Unsolicited Offer for a New Location

Global Leader in Geospatial Information Will Relocate Headquarters to Westminster, Colorado

LONGMONT, CO -- (Marketwired) -- 10/16/13 -- DigitalGlobe (NYSE: DGI), a leading provider of commercial high-resolution earth observation and advanced geospatial solutions, today announced that it has finalized a lease for a new headquarters location in Westminster, Colo.

In early September, shortly after DigitalGlobe announced that it had entered into a non-binding letter of intent with a developer for a new headquarters in Broomfield, Colo., it received an unsolicited offer to lease a building near I-25 and 120th Ave. in Westminster, Colo. After a comprehensive financial review and discussions with its real estate advisor Cresa Denver, DigitalGlobe undertook a thorough due diligence process, including a rev iew of engineering, security, adaptability and space-utilization considerations resulting in the execution of a 15-year term lease.

"Although this was an unexpected series of events, once we determined the potential of this opportunity we moved diligently and quickly to finalize a lease that secures the best interests of our company, team members, customers and shareowners," said Jeffrey R. Tarr, President and Chief Executive Officer of DigitalGlobe. "DigitalGlobe believes this decision is a win for the state of Colorado, allowing for flexible business growth for the company and future high-tech jobs for the northern Denver corridor."

Several benefits factored into DigitalGlobe's decision to sign the lease. The building in Westminster allows DigitalGlobe to move with less disruption to its employees and complex operations. The building already has in place much of the infrastructure and physical security required by the company and will require less capital investment to be fully adapted to the company's current and long-term business needs. Colorado-based employees are expected to relocate to the new campus in Westminster in the summer of 2015.

"We regret any disappointment to the cities and partners associated with our previous announcement. We could not have anticipated this change in our relocation plans but are pleased with the benefits the Westminster facility offers," said Tarr.

DigitalGlobe expects to maintain a footprint in the current Longmont location for a period of time after the move to Westminster. In addition, DigitalGlobe will continue to maintain a significant presence in other offices around the world, including Herndon, Va., Tampa, Fla., London and Singapore among others.

About DigitalGlobe DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.

DigitalGlobe is a registered trademark of DigitalGlobe.

Safe Harbor Statement Our reports, filings, presentations and public announcements may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words, although not all forward-looking statements contain these words.

Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts; the loss or impairment of our satellites; delays in the construction and launch of WorldView-3; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our ImageLibrary; interruption or failure of our ground system and other infrastructure, decrease in demand for our imagery products and services; increased competition that may reduce our market share or cause us to lower our prices; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward looking statements.

Media Contact Katie Nafius Edelman for DigitalGlobe Phone: (512) 634-3659 Email: digitalglobe@edelman.com

Nancy Coleman Senior Director of Communication Phone: (303) 684-1674 Email: nancy.coleman@digitalglobe.com

Investor Relations Conta ct David Banks Vice President of Investor Relations Phone: (303) 684-4210 Email: ir@digitalglobe.com

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