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Moto Ends Fiscal 2010

LIBERTYVILLE, Ill.– Fourth Quarter Financial Highlights

• Revenues of $3.4 billion, up 21 percent from fourth quarter 2009
• GAAP earnings of $0.27 per share; non-GAAP earnings of $0.37 per share
• Mobile Devices net revenues of $2.4 billion, up 33 percent from fourth quarter 2009; shipped 4.9 million smartphones; GAAP operating earnings of $72 million; non-GAAP operating earnings of $56 million
• Home net revenues of $1.0 billion; GAAP operating earnings of $54 million; non-GAAP operating earnings of $90 million
• Operating cash flow generation of $225 million

Motorola Mobility Holdings, Inc. (NYSE: MMI) today reported net revenues of $3.4 billion in the fourth quarter of 2010, up 21 percent from the fourth quarter of 2009. The GAAP earnings in the fourth quarter of 2010 were $80 million, or $0.27 per share, compared to a loss of $204 million, or $0.69 per share, in the fourth quarter of 2009. On a non-GAAP basis, earnings in the fourth quarter of 2010 were $108 million, or $0.37 per share, compared to a loss of $70 million, or $0.24 per share, in the fourth quarter of 2009.

For the full year, 2010 net revenues were $11.5 billion, up 4 percent compared to 2009. For the full year, the GAAP loss was reduced to $0.29 per share from a loss of $4.56 per share in 2009. On a non-GAAP basis, the loss was reduced to $0.28 per share from a loss of $2.95 per share in 2009.

Details on non-GAAP adjustments and the use of non-GAAP measures are included later in this press release and in the financial tables. The Company generated positive operating cash flow of $225 million and $606 million in the quarter and full year, respectively. As planned, subsequent to the end of the quarter, the Company received $3.2 billion in cash related to its separation from Motorola, Inc.

“The improvement in our financial results last year, including profitability in the fourth quarter, is indicative of the progress we have made in delivering innovative smartphones and improving the Mobile Devices business,” said Sanjay Jha, chairman and chief executive officer of Motorola Mobility. “Our Home business performed well and remains a premier provider of digital set-tops and end-to-end video solutions. With the global opportunities ahead, along with our diversified portfolio, our brand, and our people, we are well positioned to grow, and further improve our financial results in 2011.”

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