The Walt Disney Company Increases Annual Cash Dividend by 15 Percent to $0.86 Per Share

BURBANK, Calif., December 4, 2013 – The Walt Disney Company (NYSE: DIS) Board of Directors today declared an annual cash dividend of $0.86 per share, up 15 percent, or $0.11 per share, from the previous year. The dividend is payable on January 16, 2014 to shareholders of record at the close of business on December 16, 2013. The December payment represents the 58th consecutive year of dividend payments to shareholders.

“Disney had a great year creatively and financially in fiscal 2013, delivering record revenue, net income and earnings per share for the third year in a row,” said Robert A. Iger, Chairman and CEO, The Walt Disney Company. “We are pleased to be able to increase our shareholder dividend by 15 percent while continuing to invest for future growth.”

The Company also announced that it has scheduled its annual shareholders’ meeting for Tuesday, March 18, 2014, in Portland, Oregon.

About The Walt Disney Company:
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. Disney is a Dow 30 company and had annual revenues of $45 billion in its Fiscal Year 2013.

Forward Looking Statements:
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements. Actual events may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, as well as from developments beyond the Company’s control, including international, political, health concern and military developments and changes in domestic and global economic conditions that may affect our businesses generally. Additional factors are set forth in the Company’s Annual
Report on Form 10-K for the year ended September 28, 2013 under Item 1A “Risk Factors.”