Marvel Completes $100 Million Share Repurchase Program

Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company, today announced that it has completed the repurchase of $100 million in common stock under its June 2006 authorization and that its Board of Directors has authorized an additional $200 million to be used for the repurchase of the company’s common stock.

Pursuant to the authorization, Marvel may purchase shares from time to time, through December 31, 2007, in the open market or through privately negotiated transactions. Marvel has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on many factors, including the performance of Marvel’s stock price, Marvel’s cash flow and market conditions.

Marvel’s Chief Executive Officer, Vice Chairman and largest stockholder, Isaac Perlmutter, has agreed to not sell any of his shares of Marvel stock while the repurchase program is in effect.

Since the commencement of its share repurchase programs in July 2004, Marvel has repurchased approximately 38 million shares for an aggregate purchase price of approximately $700 million, or approximately $18.55 per share. The common stock repurchases to date have reduced Marvel’s diluted shares outstanding to approximately 83 million shares.