2015-06-12 21:15:00 CEST

2015-06-12 21:15:59 CEST


REGULATED INFORMATION

English
Biotie Therapies - Major shareholder announcements

Notification according to Chapter 9, Section 5 of the Finnish Securities Markets Act


BIOTIE THERAPIES CORP.             STOCK EXCHANGE RELEASE       June 12, 2015 at
10.15 p.m.

Notification according to Chapter 9, Section 5 of the Finnish Securities Markets
Act

Biotie Therapies Corp. (the "Company" or "Biotie") has today received a
notification in accordance with Chapter 9, Section 5 of the Finnish Securities
Markets Act from Seth Klarman on behalf of himself, SAK Corporation and The
Baupost Group, L.L.C concerning an arrangement that, if realized, would result
in the below described changes in share ownership.

The Company previously announced on April 24, 2015 that it had received a
notification regarding possible changes in holdings from Seth Klarman on behalf
of himself and the above mentioned entities. According to the previous
notification, should the convertible promissory notes (the "Convertible Notes")
and other equity-based instruments (the "Warrants") pursuant to the subscription
agreement entered into between Biotie and certain investors be issued to certain
entities controlled by Seth Klarman, their conversion and exercise in full would
have resulted in a combined holding of shares and votes that would exceed 5 per
cent.

According to the notification received today by the Company, Seth Klarman is the
sole owner of SAK Corporation, the manager and controlling entity of The Baupost
Group, L.L.C., which is the managing general partner of (i) Baupost Limited
Partnership 1983 A-1 (being the parent entity of Baupost Private Investments A-
1, L.L.C), (ii) Baupost Limited Partnership 1983 B-1 (being the parent entity of
Baupost Private Investments B-1, L.L.C.), (iii) Baupost Limited Partnership
1983 C-1 (being the parent entity of Baupost Private Investments C-1, L.L.C),
(iv) Baupost Value Partners, L.P.-II (being the parent entity of Baupost Private
Investments BVII-1, L.L.C), (v) HB Institutional Limited Partnership (being the
parent entity of Baupost Private Investments H-1, L.L.C.), (vi) PB Institutional
Limited Partnership (being the parent entity of Baupost Private Investments P-
1, L.L.C.), (vii) YB Institutional Limited Partnership (being the parent entity
of Baupost Private Investments Y-1, L.L.C.), (viii) Baupost Value Partners,
L.P.-I (being the parent entity of Baupost Private Investments BVI-1, L.L.C),
(ix) Baupost Value Partners, L.P.-III (being the parent entity of Baupost
Private Investments BVIII-1, L.L.C.) and (x) Baupost Value Partners, L.P.-IV
(being the parent entity of Baupost Private Investments BVIV-1, L.L.C).

According to the notification, the entities under Seth Klarman's control have on
June 11, 2015 (i) received confirmation on subscriptions of American Depositary
Shares ("ADSs") in the Company's U.S. public offering (the "U.S. Offering"),
representing in total 66,000,000 shares in the Company, and (ii) purchased in
public trading ADSs representing in total 3,149,040 shares in the Company.

According to the notification, the entities listed in the annex below would hold
(in the form of ordinary shares or ADSs) in aggregate 130,260,152 shares in the
Company, which would represent 11.59 per cent of all shares and votes in the
Company, assuming the completion of the U.S. Offering, the full conversion of
the Convertible Notes and the full exercise of the Warrants.

According to the notification, the total number of shares and votes used in the
preceding calculations is 1,123,548,282, which has been calculated as (a) the
current total number of shares and votes as published by the Company in
accordance with Chapter 8, Section 6 of the Finnish Securities Markets Act,
added with (b) the total number of shares and votes following full conversion of
the Convertible Notes, (c) the total number of shares and votes following full
conversion of the Warrants and (d) the total number of shares and votes
following the issuance of the shares represented by the ADSs issued in the
Company's U.S. Offering, assuming no other new shares are issued by the Company.
The total number of shares and votes used does not take into account the over-
allotment option for the underwriters in the U.S. Offering.

On the date of this release, the number of shares in the Company amounts to
455,968,174, of which 2,605,691 shares are held by the Company and its
subsidiaries.



In Turku, June 12, 2015

Biotie Therapies Corp.

Timo Veromaa
President and CEO

For further information, please contact:

David Cook, CFO
Tel. +358 2 2748 900, e-mail: david.cook@biotie.com

DISTRIBUTION:

NASDAQ OMX Helsinki Ltd
Main Media
www.biotie.com



ANNEX: INDIRECT HOLDINGS OF SHARES AND VOTING RIGHTS

+------------------------------------------+-----------------+-----------------+
|Name of shareholder and reason for        |Shares           |Voting rights    |
|indirect holding (e.g. controlled         +-----------+-----+-----------+-----+
|undertaking or transfer of voting rights) |Number     |%    |Number     |%    |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments A-1, L.L.C.   |12,868,498 |1.15 |12,868,498 |1.15 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments B-1, L.L.C.   |5,090,484  |0.45 |5,090,484  |0.45 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments C-1, L.L.C.   |29,087,472 |2.59 |29,087,472 |2.59 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments H-1, L.L.C.   |9,207,276  |0.82 |9,207,276  |0.82 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments P-1, L.L.C.   |4,728,654  |0.42 |4,728,654  |0.42 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments Y-1, L.L.C.   |3,337,644  |0.30 |3,337,644  |0.30 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments BVI-1, L.L.C. |8,115,382  |0.72 |8,115,382  |0.72 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments BVII-1, L.L.C.|10,171,898 |0.91 |10,171,898 |0.91 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments BVIII-1,      |4,049,916  |0.36 |4,049,916  |0.36 |
|L.L.C. (indirectly controlled by Seth     |           |     |           |     |
|Klarman)                                  |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|Baupost Private Investments BVIV-1, L.L.C.|43,602,928 |3.88 |43,602,928 |3.88 |
|(indirectly controlled by Seth Klarman)   |           |     |           |     |
+------------------------------------------+-----------+-----+-----------+-----+
|TOTAL                                     |130,260,152|11.59|130,260,152|11.59|
+------------------------------------------+-----------+-----+-----------+-----+



[HUG#1928267]