LG and Dolby Collaboration Brings Joy to the Ears of Smartphone Users

At the 2010 GSMA Mobile World Congress, LG Electronics (LG), a global leader and technology innovator in mobile communications, and Dolby Laboratories, Inc. (NYSE:DLB) held the first public demonstration of 5.1 multichannel surround sound on a mobile phone using the latest version of Dolby^® Mobile technology and an LG Android-based smartphone.

"As a leader in the mobile industry, LG is devoted to delivering the best new features to our customers for a better user experience. Today’s announcement represents the latest milestone in joint efforts to improve the performance of our handsets, including feature phones and smartphones,” said Dr. Skott Ahn, President and CEO of LG Electronics Mobile Communications Company. "Together with Dolby, we hope to raise the bar for audio quality in mobile devices and the mobile industry as a whole.”

Dolby Mobile is an audio platform designed to deliver rich, vibrant audio and dramatically improve listening enjoyment. The latest version of Dolby Mobile now offers support for discrete 5.1-channel surround sound.

"We are pleased to be working with LG to showcase the latest Dolby innovations for mobile on an LG Android-based smartphone,” said Ramzi Haidamus, Executive Vice President, Sales and Marketing, Dolby Laboratories. "Dolby Mobile expands the possibilities of mobile entertainment, allowing people to enjoy richer, more cinema-like audio experiences on the go.”

Announced in July 2008, the strategic collaboration between LG and Dolby has already created 20 mobile phone models with rich and enhanced audio for the market that are available today or are in development.

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications, and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2009 global sales of 55.5 trillion Korean Won (43.4 billion US dollars), LG comprises five business units—Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning, and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners, and washing machines. LG has signed a long-term agreement to become both a Global Partner of Formula 1™ and a Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone, and data processor of this global sporting event. For more information, please visit www.lge.com.

About LG Electronics Mobile Communications Company

The LG Electronics Mobile Communications Company is a leading global mobile communications and information company. With its cutting-edge technology and innovative design capabilities, LG creates handsets that provide an optimized mobile experience to customers around the world. LG is pursuing convergence technology and mobile computing products, while continuing its leadership role in mobile communication with stylish designs and smart technology. For more information, please visit www.lge.com.

Forward-Looking Statements

Certain statements in this press release, including statements regarding the performance, capabilities, and impact of Dolby Mobile and the latest version of Dolby Mobile with 5.1-channel surround sound, the anticipated or potential benefits that mobile phone users may derive from these technologies, and the eventual availability of the current or latest version of Dolby Mobile in devices, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on Dolby’s management’s current expectations. The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: risks associated with building market acceptance for digital audio technologies in the mobile market in general and Dolby Mobile (including the latest version of Dolby Mobile), competition in the market for digital audio technologies; rapid changes in technical requirements for digital audio technologies in general and for the mobile market in particular; the development of the market for mobile entertainment; and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including the risks identified under the section captioned "Risk Factors" in its most recent Periodic Report on Form 10-Q or 10-K. Dolby disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.

About Dolby Laboratories

Dolby Laboratories (NYSE: DLB) is the global leader in technologies that are essential elements in the best entertainment experiences. Founded in 1965 and best known for high-quality audio and surround sound, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. Visit www.dolby.com for more information.

Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. All other trademarks remain the property of their respective owners. S10/22474 DLB-G