Stock Exchange & Press Releases 2015

October 22, 2015

Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Market Act

Stock Exchange Release

Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Market Act

Bittium Corporation ("Bittium" or "Company") has received on October 22, 2015 the following notification:

FLAGGING ANNOUNCEMENT PURSUANT TO CHAPTER 9, SECTION 5 OF THE FINNISH SECURITIES MARKET ACT

1. Issuer of the shares

Bittium Corporation, business identity code 1004129-5

2. Name of the shareholder subject to notification obligation

Erkki Veikkolainen

3. Reason for the notification

Bittium has on October 21, 2015 announced the final result of the voluntary public tender offer for the Company's own shares ("Share") and stock options 2008C ("Stock Option") ("Offer"). According to the final result, 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.

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").

According to the terms and conditions of 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 a result of completing the Offer Erkki Veikkolainen will own a total of 1,500,000 Company's Shares when the settlement of the completion trades of the Offer has been effected and when the Shares and Stock Options have become null and void. Thus his holdings in Bittium will decrease below the threshold of 5 percent of the voting rights and total number of Shares of the Company.

After the Shares becoming null and void as a result of completing the Offer, the remaining number of Company's Shares will be 35,573,368. The Shares of Bittium are listed on the NASDAQ OMX Helsinki Ltd. The Company has one series of Shares and each Share entitles to one vote.

In Oulu, on October 22, 2015

Bittium Corporation
Hannu Huttunen
CEO

Further information:

Kari Jokela
Chief Legal Officer
Bittium Corporation
Tel. +358 40 344 5258

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