Bittium Oyj - Company Announcement

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

Stock Exchange Release

Free for publication on October 21, 2015 at 8.30 a.m.

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







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