MONTREAL, April 25, 2014 /PRNewswire/ – MEGA Brands Inc. (TSX: MB) (“MEGA” or the “Corporation“) today announced that the Superior Court of Qu bec (Commercial
Division) issued a final order approving the previously announced plan
of arrangement (the “Arrangement“) providing for, among other things, the acquisition by Mattel-MEGA
Holdings Inc., a wholly-owned subsidiary of Mattel, Inc., of all of the
outstanding common shares in the capital of MEGA for cash consideration
of CA$17.75 per common share.

Completion of the Arrangement remains subject to the satisfaction or
waiver of certain other closing conditions customary in transactions of
this nature. It is anticipated that the Arrangement will be completed
on or about April 30, 2014.

About MEGA Brands

MEGA Brands Inc. (TSX: MB) is a trusted family of leading global brands
in construction toys, games & puzzles and arts & crafts. They offer
engaging creative experiences for children and families through
innovative, well-designed, affordable and high-quality products. MEGA
Brands includes Mega Bloks, Rose Art, MEGA Puzzles, MEGA Games and
Board Dudes. Visit http://www.megabrands.com for more information.

Cautionary Note and Forward-Looking Statements

This press release contains certain forward-looking statements with
respect to the Corporation. These forward-looking statements, by their
nature, require the Corporation to make certain assumptions and
necessarily involve known and unknown risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied in these forward-looking statements. Forward-looking statements
are not guarantees of performance. These forward-looking statements,
including financial outlooks, may involve, but are not limited to,
comments with respect to the Corporation’s business or financial
objectives, the completion of the Arrangement, the Corporation’s
strategies or future actions, its targets, expectations for financial
condition or outlook for operations and future contingent payments.
Words such as “may”, “will”, “would”, “could”, “expect”, “believe”,
“plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative
or comparable terminology, as well as terms usually used in the future
and the conditional, are intended to identify forward-looking
statements. Information contained in forward-looking statements is
based upon certain material assumptions that were applied in drawing a
conclusion or making a forecast or projection, including management’s
perceptions of historical trends, current conditions and expected
future developments, as well as other considerations that are believed
to be appropriate in the circumstances. The Corporation considers these
assumptions to be reasonable based on information currently available
to it, but cautions the reader that these assumptions regarding future
events, many of which are beyond its control, may ultimately prove to
be incorrect since they are subject to risks and uncertainties that
affect the Corporation and its business.

For additional information with respect to these and other factors and
assumptions underlying the forward-looking statements made in this
press release, see the Corporation’s Management Discussion and Analysis
for the fiscal year ended December 31, 2013 filed with the Canadian
securities commissions. The forward-looking information set forth
herein reflects the Corporation’s expectations as at the date of this
press release and is subject to change after such date. The Corporation
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required by law.

SOURCE MEGA Brands Inc.