[March 31, 2015]

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Cellular Dynamics International, Inc. And Encourages Investors To Contact The Firm For Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Cellular Dynamics International, Inc. ("Cellular Dynamics" or the "Company") (Nasdaq: ICEL) relating to the proposed buyout of the Company by FUJIFILM Holdings Corporation.

Under the terms of the transaction, Cellular Dynamics shareholders are anticipated to receive $16.50 in cash for each share of Cellular Dynamics common stock held. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to atisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of Cellular Dynamics and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

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