Jeffrey Klausner Joins Mandalay Digital as CFO

                Jeffrey Klausner Joins Mandalay Digital as CFO

PR Newswire

LOS ANGELES, Nov. 25, 2013

LOS ANGELES, Nov. 25, 2013 /PRNewswire/ --Mandalay Digital Group, Inc.
(NASDAQ: MNDL) ("Mandalay Digital" or "the Company"), announced that the
Company has hired Jeffrey Klausner as the Company's Chief Financial Officer
effective today.

"Jeff is a valuable addition to our management team," stated Peter Adderton,
Chief Executive Officer of Mandalay Digital Group. "He has extensive public
market, finance and compliance experience that will help us navigate our
growth plans. Additionally, he will help us further improve our financial and
reporting processes to become even more efficient across every one of our
businesses."

"I am excited to join Peter and the team at this point in their journey," said
Klausner. "They have years of experience and a deep understanding of mobile
communications, and I look forward to assisting this dynamic management team
to capitalize on the opportunities ahead."

Mr. Klausner has 20 years of experience in accounting, finance, compliance,
capital markets and mergers and acquisitions. Prior to joining Mandalay
Digital, he was Managing Director at Sherwood Partners, a premier financial
consulting firm focused on restructuring venture-backed companies. Previously
he served as CFO for Razorgator, a major online ticket broker and ticket
marketplace, selling tickets to sporting events, concerts and other live
events. Prior to that Mr. Klausner was CFO of InfoSonics Corp., a
publicly-traded mobile phone distributor and original design manufacturer for
cellular handsets and accessories. He was an instrumental part of a team
growing revenues nearly six fold to an annual run rate of $250 million at its
peak. Mr. Klausner graduated from Tulane University's A.B. Freeman School of
Business with a Bachelor of Science in Management, and has previously
practiced as a Certified Public Accountant in California.

As a part of his compensation, Mr. Klausner will receive options to purchase
300,000 shares of Company stock struck at the closing price on his start date,
with 25% cliff vesting after one year and the balance ratably vesting over the
following three years, subject to acceleration for change of control and
certain types of termination events. This grant was approved by the Company's
independent compensation committee in accordance with Nasdaq Listing Standard
5635(c)(4).

About Mandalay Digital Group

Mandalay Digital Group (NASDAQ: MNDL) is at the convergence of Internet media
content and mobile communications. It delivers a mobile services platform that
works with mobile operators and third-party publishers to provide portal
management, user interface, content development and billing technology that
enables the responsible distribution of mobile entertainment. Mandalay Digital
is headquartered in Los Angeles and has offices in Australia, Germany and
Israel. For additional information, visit www.mandalaydigital.com.

Forward Looking Statement

Statements in this news release concerning future results from operations,
financial position, economic conditions, product releases and any other
statement that may be construed as a prediction of future performance or
events are forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results to differ
materially from those expressed or implied by such statements. These factors
include uncertainties as to ability to raise new capital on acceptable terms
or at all, ability to manage international operations, ability to identify and
consummate roll-up acquisitions targets, levels of orders, ability to record
revenues, release schedules, finalization and market acceptance of new
products, changes in economic conditions and market demand, pricing and other
activities by competitors, and other risks including those described from time
to time in Mandalay Digital Group's filings on Forms 10-K and 10-Q with the
Securities and Exchange Commission (SEC), press releases and other
communications.

Contacts:

MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mzgroup.us

SOURCE Mandalay Digital Group

Website: http://www.mandalaydigital.com
 
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