EA and Relational Investors Announce Cooperation Agreement

Electronic Arts Inc. ERTS and Relational Investors LLC, a major EA shareholder, today announced a mutual cooperation agreement giving Relational an option to appoint its Principal and Co-Founder, Ralph Whitworth, to EA's Board of Directors. “Electronic Arts and Relational have engaged in a series of discussions about EA's significant progress in improving its business and its prospects for continued growth and improvement,” said John Riccitiello, Chief Executive Officer of Electronic Arts. “This agreement signals Relational's confidence as we transform EA from a packaged goods company to a fully integrated digital entertainment company.” “EA's performance over the last several months and the rapid growth of its digital business demonstrate the fundamental strength of its business franchise and management's ability to extend the Company's industry leadership,” said Ralph Whitworth, Principal and Co-Founder of Relational. “We are pleased to be closely engaged with EA's management team and we are confident in the Company's growth potential.”