X0202 4 2008-02-12 0 0000317788 Mandalay Media, Inc. MDNL.OB 0001409017 GUBER PETER 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES CA 90010 1 0 1 0 Common Stock, $.0001 par value per share 2008-02-12 4 A 0 571427 A 5071427 I By Self as Trustee for Guber Family Trust On February 12, 2008, Twistbox Entertainment, Inc. ("Twistbox") merged (the "Merger") with and into Twistbox Acquisition, Inc., a wholly-owned subsidiary of Mandalay Media, Inc. (the "Company"). In connection with the Merger, Guber Family Trust received 571,427 shares as consideration. The shares are held indirectly by Mr. Guber through the Guber Family Trust for which he serves as a trustee. Mr. Guber disclaims beneficial ownership of these securities except to the extent of his pecuniary interest. /s/ Peter Guber 2008-02-14