Press Release

Shutterstock Announces Closing of IPO and Exercise of Underwriters’ Option to Purchase Additional Shares

October 16. 2012New York – Shutterstock, Inc. (NYSE: SSTK), a global marketplace for digital imagery, today announced it has closed its previously announced initial public offering of 4,500,000 shares of common stock at a price to the public of $17.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 675,000 shares from the company. As a result, the total initial public offering size was 5,175,000 shares. Morgan Stanley, Deutsche Bank Securities and Jefferies acted as the bookrunning managers for the offering. RBC Capital Markets, Stifel Nicolaus Weisel and William Blair acted as co-managers for the offering. The offering of these securities was made only by means of a written prospectus. A copy of the prospectus may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com, or by phone at (866) 718-1649; the offices of Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005, or by email at prospectus.cpdg@db.com, or by phone at (800) 503-4611; and the offices of Jefferies & Company, Inc. Attention: Prospectus Department, 520 Madison Avenue, 12th Floor, New York, New York 10022, or by email at Prospectus_Department@Jefferies.com, or by phone at (877) 547-6340. A registration statement relating to the initial public offering has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Shutterstock, Inc.

Shutterstock, Inc. (NYSE: SSTK), directly and through its group subsidiaries, is a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations around the world. Working with its growing community of over 140,000 contributors, Shutterstock adds hundreds of thousands of images each week, and currently has more than 90 million images and more than 5 million video clips available.

Headquartered in New York City, with offices in Amsterdam, Berlin, Chicago, Dallas, Denver, London, Los Angeles, Montreal, Paris, San Francisco, and Silicon Valley, Shutterstock has customers in more than 150 countries. The company also owns Bigstock, a value-oriented stock media agency; Offset, a high-end image collection; PremiumBeat a curated royalty-free music library; Rex Features, a premier source of editorial images for the world's media; and WebDAM, a cloud-based digital asset management service for businesses.

For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook.

Press Contact

Siobhan Aalders and Niamh Hughes
press@shutterstock.com
917-563-4991

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