Dolby Laboratories Appoints J. Stuart Mitchell as New Consumer Division Vice President of Worldwide Sales

Dolby Laboratories, Inc. (NYSE: DLB) announced today that J. Stuart Mitchell has joined the company as Vice President of Worldwide Sales for the company’s Consumer Division. Mitchell brings more than 25 years of experience to Dolby and has built, managed, and led global sales teams with several high-technology companies. In his new role, Mitchell is responsible for worldwide revenue generation efforts as well as the day-to-day operations of the global sales organizations within Dolby’s Consumer Division. "I am excited to have Stuart join Dolby’s leadership team, where we will benefit from his passion, experience, and proven record of success,” said Ramzi Haidamus, Senior Vice President and General Manager, Dolby Laboratories Licensing Corporation. "Stuart’s experience and leadership will help us to harness the potential of Dolby’s innovative portfolio and satisfy our customers and partners worldwide.” Before joining Dolby, Mitchell headed global sales and professional services efforts for PalmSource, developers of the Palm OS® platform, which powers 45 million mobile devices. Prior to PalmSource, Mitchell served as executive vice president and general manager of Immersion Corporation, a leader in next-generation user interfaces utilizing touch-enabled technology, where he helped the company generate more than $20 million in revenue across several key market segments including gaming, entertainment, mobile, automotive, and medical. Before joining Immersion, Mitchell spent 12 years at Adobe Systems, where he was one of the company’s initial sales and business development managers. During his time at Adobe, it grew to a $1B software company. In his last role at Adobe, Mitchell served as Vice President, Sales and Marketing Systems Division, where he managed a 125-person global organization. Mitchell has also held sales positions at Zentec, an IBM spin-off, and Xerox Corporation. He holds a bachelor of science degree in engineering physics from the University of Colorado, Boulder. About Dolby Laboratories Dolby Laboratories (NYSE:DLB) develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For four decades Dolby has been at the forefront of defining high-quality audio and surround sound in cinema, broadcast, home audio systems, cars, DVDs, headphones, games, televisions, and personal computers. Based in San Francisco with European headquarters in England, the company has entertainment industry liaison offices in New York and Los Angeles, and licensing liaison offices in London, Shanghai, Beijing, Hong Kong, and Tokyo. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com. Certain statements in this press release, including statements regarding Dolby’s worldwide revenue generation efforts and Dolby’s ability to harness the potential of its innovative portfolio and satisfy customers and partners worldwide, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations. The following important factors, without limitation, could cause actual results to differ materially from those in the forward looking statements: the risk that demand for Dolby technologies will not grow as expected; Dolby's ability to develop, maintain, and strengthen relationships with industry participants; competitive risks; the risk that Dolby will not successfully execute on its worldwide sales efforts; and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K and its most recent Quarterly Report on Form 10-Q. Dolby disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise. Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. Palm OS is a registered trademark of PalmSource, Inc or its affiliates. S06/16714 DLB-G