Stock Exchange & Press Releases 2015

October 21, 2015

Final result of Bittium Corporation's voluntary public tender offer for own shares and stock options 2008C

Stock Exchange Release

Final result of Bittium Corporation's voluntary public tender offer for own shares and stock options 2008C

The offer period under the voluntary public tender offer (the "Offer") by Bittium Corporation ("Bittium" or the "Company") for own shares ("Share") and stock options 2008C ("Stock Option") expired on October 16, 2015 at 4 p.m. (Finnish time).

According to the final result of the Offer, 97,244,662 Shares were tendered in the Offer, representing approximately 73.2 percent of all the Shares and votes in the Company. In addition, 166,694 Stock Options were tendered in the Offer, representing approximately 62.0 percent of all the Stock Options in the Company.

For the sake of clarity it is noted that the valid acceptances of the Offer have not exceeded the maximum numbers of Shares and Stock Options in accordance with the terms and conditions of the Offer. Thus the acceptances of the Offer will not be reduced in accordance with the terms and conditions of the Offer.

As the conditions for the completion of the Offer have been and remain satisfied the Company will complete the Offer in accordance with its terms and conditions.

The sale and purchase of the Shares and Stock Options validly tendered in the Offer will be executed on or about October 23, 2015. The settlement will be effected on or about October 27, 2015 (the "Settlement Date"). The offer consideration will be paid on the Settlement Date in a way defined in the terms and conditions of the Offer to the shareholders and holders of Stock Options who have validly accepted the Offer. All the Shares and Stock Options transferred in the Offer will become null and void as part of the settlement of the completion trades of the Offer, tentatively on the Settlement Date, so that the Shares and Stock Options will not come to the Company's possession.

As all the Shares and Stock Options transferred in the Offer will become null and void as part of the settlement of the completion trades of the Offer, the Company will have none of its own Shares in its possession after the completion of the Offer. A total of 40,000 of the Company's Stock Options have not yet been allocated to the Company's key persons in accordance with the terms and conditions of the Stock Options.

As a result of completing the Offer the cash balance and equity of the Company will decrease by approximately EUR 493 million. Completing the Offer will have no effect on the guidance for result of operations concerning the year 2015 previously published by the Company.

For the sake of clarity it is noted that the Company will not exercise the right to extend the offer period by a subsequent offer period referred to in the terms and conditions of the Offer.

In Oulu, October 21, 2015

Bittium Corporation

Board of Directors

Further Information:

Veli-Pekka Paloranta
CFO
Bittium Corporation
Tel. +358 40 344 3507

Distribution:

NASDAQ Helsinki
Main media

Bittium

Bittium is specialized in developing reliable and secure communications and connectivity solutions using the latest technologies and deep knowledge on radio technology. Bittium provides innovative products and customized solutions based on its product platforms, and R&D services for customers in various industries. Bittium also offers high quality information security solutions for mobile devices and portable computers. Net sales of continuing operations in 2014 was EUR 52.7 million and operating profit was EUR 0.8 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com