SuperGlu Moves Ahead

Glu Mobile today announced that as of 3:00 p.m. GMT on March 6, 2008 it had received valid acceptances representing approximately 81% of the issued share capital of Superscape Group plc (“Superscape”) through its tender offer (the “Offer”). Accordingly, as of 8:00 a.m. GMT on March 7, 2008, Glu declared the Offer unconditional in all respects and will now proceed to consummate the purchase of this ownership interest in Superscape and to apply to the UK Listing Authority for the delisting of Superscape shares. The transaction values Superscape at approximately $36 million, or $25 million when accounting for the $11 million of cash and equivalents held on Superscape’s balance sheet as of October 31, 2007.

Glu’s objective is to reach 100% acceptance of the Offer. As indicated above, Glu currently has approximately 81% of the issued share capital of Superscape. Glu expects that percentage to increase over the next few weeks, either through continued acceptances of the offer or through open market purchases. The Offer will remain open for acceptances until 3:00 p.m. GMT on March 21, 2008. Glu will continue with open market purchases up to and until the application to delist the Superscape shares is approved, which is currently expected on April 8, 2008. If and when Glu reaches 90% of the issued share capital of Superscape, it intends to acquire compulsorily all remaining Superscape shares on the same terms as the Offer.

Superscape’s contribution to Glu’s consolidated results will depend, in part, on both the timing and extent of further acceptances and timing and extent of open market purchases. Accordingly, Glu will provide guidance regarding the impact of the acquisition following market close on March 24, 2008, the business day following the conclusion of the acceptance period.