Dolby Employees to Receive Academy Award in Scientific and Technical Category for Environmental Film Initiative

Dolby Laboratories, Inc. (NYSE: DLB) announced today that three employees, Ioan Allen, Senior Vice President; Ted Costas, Director, Distributor Services; and Martin Richards, Principal Staff Engineer, will receive an Academy Award® in the Scientific and Technical category to recognize their leadership in the cyan movement, an industry-wide environmental effort to convert silver-based 35 mm film to cyan dye analog soundtracks. The Scientific and Technical Academy Awards will be presented on Saturday, February 10, 2007.