
| Safe Harbor This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “may,” “will,” “could,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “continue,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. For example, all statements we make relating to expected synergies from the acquisition of Jumptap, expected full year 2013 pro forma combined guidance, expectations regarding the timing of closing, potential strategic benefits of the combination, our estimated and projected costs, expenditures, cash flows, growth rates and financial results, and our plans and objectives for future operations, growth or initiatives are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we currently expect. Risks and uncertainties associated with our business, including those associated with the proposed acquisition of Jumptap, are described in our filings from time to time with the Securities and Exchange Commission (SEC). Any forward-looking statement you see or hear during this presentation reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions, and therefore are not guarantees of future performance. We assume no obligation and do not intend to update these forward-looking statements even if new information becomes available in the future. Included in this presentation are certain measures presented on a basis other than in accordance with generally accepted accounting principles (GAAP). Millennial Media believes presentation of these non-GAAP measures are useful to understand Millennial Media's performance, as they may exclude non-cash and other charges that we believe may not be indicative of Millennial Media’s on-going core operating results. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measure. Such reconciliations are included in this presentation and in filings Millennial Media makes from time to time with the SEC. 2 |