Hasbro Forms Multi-faceted Alliance With Peyton Manning

PAWTUCKET, RI – April 30, 2007 – Hasbro Inc. (NYSE:HAS) today announced it has teamed with Super Bowl XLI MVP Peyton Manning in a wide-ranging product and promotional alliance centering on the company’s popular NERF brand. The NERF brand has enjoyed strong growth over the past several years, with 2006 sales in excess of $100 million. The multi-year alliance calls for Peyton Manning, quarterback of the Indianapolis Colts, to appear in NERF advertising as well as several in person promotional appearances that kicked off with today’s visit to Hasbro headquarters in Rhode Island, where Manning unveiled the NERF PEYTON MANNING MVP PRO GRIP FOOTBALL. “I’ve been participating in fast-paced competitive activities since I was a kid – activities that brought me to where I am today as an NFL quarterback and Super Bowl champion. One of the things I really enjoyed as a kid was playing with NERF footballs with my brothers,” said Manning. “NERF delivers the kind of competitive fun that kids - and big kids like me - look for in a quick pick-up game of football.” “We could not have asked for a better partner for our NERF brand,” said Sharon John, General Manager, toy marketing, Hasbro.. “A great athlete and good sport, Peyton’s attitude and commitment to excellence make him a positive role model for sports fans of all ages. We are thrilled to have Peyton’s name and likeness featured on our signature NERF product line.” The NERF PEYTON MANNING MVP PRO GRIP FOOTBALL is the first signature Manning item in the NERF product lineup. With an easy-grip texture, this “performance football” allows sports fans to get a handle on their game. The high visibility spiral helps to make the football easy to spot for accurate catching. The NERF PEYTON MANNING MVP PRO GRIP FOOTBALL is emblazoned with Manning’s signature and likeness and is packaged with a signature sports bottle. As part of the alliance between Peyton Manning and the NERF brand, Hasbro will make a financial donation to the Peyback Foundation, which will also be promoted on packaging for the NERF Peyton Manning MVP Pro Grip Football. The Peyback Foundation was established by Peyton Manning to promote the future success of disadvantaged youth by assisting programs that provide leadership and growth opportunities for children at risk. The Foundation has donated more than $1.3 million to youth organizations in Indiana, Tennessee and Louisiana since 1999. Produced for Hasbro