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Grizzlies Chairman Robert Pera and CEO Jason Levien announce Grizzlies partner group

MEMPHIS, November 5, 2012 – Memphis Grizzlies Chairman Robert Pera and
CEO Jason Levien announced today the roster of partners that has been
assembled to lead the team into an exciting new era in its history.

“We have one of the most dynamic ownership groups in professional sports,”
said Grizzlies CEO Jason Levien. “We expect that its members will play
a meaningful, ongoing role in realizing the goals we have set for the team and
for ourselves, both on and off the court.”

Joining Pera and Levien in the ownership group are:

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"This ownership group will take the Grizzlies to the next level,"
said Edward J. Dobbs, CEO of Memphis-based Dobbs Management Service. "Our
team is going to thrive in Memphis for a long time."

Pera was represented on the sale of the Grizzlies by Levien Sports, David Carlock
and Jeffrey Pollack, who collectively assembled the team’s new Limited
Partner group. Legal counsel was provided by O’Melveny & Myers.

The Grizzlies open their 2012-13 regular season home schedule against the Utah
Jazz tonight at 7 p.m. Fans are encouraged to arrive early and enjoy the Opening
Night Plaza Party. Beginning two hours prior to tip-off the Plaza Party will
feature music, inflatables, face painters, balloon artists, official Grizzlies
merchandise, sign-making stations and an interactive video game trailer. Other
highlights include appearances from Grizz, the Grizz Girls and Claw Crew. Also,
the first 10,000 fans through the doors will receive a Grizzlies T-Shirt presented
by First Tennessee Bank.

Fans who want to support the Memphis Grizzlies and purchase tickets to Opening
Night, 2012-13
Season Tickets, or 10 and 20-Game Packs
can do so by calling (901) 888-HOOP
or by visiting the grizzlies.com
Tickets section
. Tickets for the Plaza IV and Terrace IV sections are already
sold out.