JAKKS Pacific Issues Statement In Response To Letter From Clinton Group

JAKKS Pacific, Inc.

today issued the following statement in response to a letter received today from Clinton Group, Inc.: “The JAKKS Board of Directors appreciates input from its stockholders. The Board continually reviews the Company's strategic plan and opportunities to enhance stockholder value. We note that at no time has the Company received any communications regarding the sale of the Company other than highly conditional expressions of interest from Oaktree. The Board remains confident that continued execution of the Company's strategic plan, including potentially transformative projects planned and already underway, will provide significant value to JAKKS stockholders. JAKKS is committed to maintaining an open dialogue with its stockholders and to delivering continued growth, success and value creation.”