Raving Toy Maniac

MEGA BRANDS UNVEILS HIGHLY ANTICIPATED NEW PRODUCT LINE FOR BOYS & COLLECTORS

Introducing Mega Bloks World of Warcraft, Halo Universe diecast and Power Rangers for 2012

MONTREAL/NEW YORK – February 12, 2012 – MEGA Brands Inc. showcases an exciting new line-up of Mega Bloks Boys & Collectors construction toys at the 2012 American International Toy Fair in New York City.

These new additions for fall 2012 include toys developed with world-leading partners:

• Mega Bloks World of Warcraft: Fans can bring the incredibly immersive story of World of Warcraft to life with highly-detailed customizable figurines, dragons, vehicles, battle-scenes & more with the Mega Bloks World of Warcraft collection coming in Fall 2012 (age 8+). Mega Bloks World of Warcraft is the exclusive construction toy collection based on the world's leading MMORPG (massively multiplayer online role-playing game).

Magnet Toy Class Action Settlement

NEWARK, N.J., Feb. 6, 2012 -- On December 15, 2011, the Honorable Susan D. Wigenton, U.S.D.J., granted final approval of a class action settlement in the lawsuit Chris Doering, et al. v. MEGA Brands, Inc., et al., Civil Action No. 2:08-CV-1750 (SDW) (MCA). Defendants MEGA Brands, Inc., et al. agreed to settle legal claims surrounding certain Magnet Toy products, many of which were subject to recalls instituted by MEGA Brands in cooperation with the Consumer Products Safety Commission ("C.P.S.C."). Plaintiffs in the lawsuit alleged that certain "Magnet Toys" (as defined in the parties' agreement to settle the action) contained defective magnets, and sought a refund of all monies paid. This lawsuit did not allege any personal injury claims. Defendants have denied any and all liability. However, the parties have agreed to settle the matter to avoid the expense and resources that would be needed for further litigation.