Biotie Therapies - Company Announcement

Biotie Announces Closing of U.S. Public Offering and Conversion of Convertible Notes

BIOTIE THERAPIES CORP.       STOCK EXCHANGE RELEASE              June 16, 2015
at 4.55 p.m. EET

Biotie Announces Closing of U.S. Public Offering and Conversion of Convertible
Notes



Biotie Therapies Corp. ("Biotie" or the "Company"), a specialized drug
development company focused on products for neurodegenerative and psychiatric
disorders, has today closed its U.S. public offering.

As previously announced, the Company offered 3,806,047 ADSs in its U.S. public
offering at a price to the public of $14.888 per ADS for gross proceeds of
$56,664,427.73 (€50,238,875.55 at the fixed ECB exchange rate of $1.1279 per
euro as at June 10, 2015). The share to ADS ratio is 80 to one, and the ADSs
represent 304,483,760 newly issued shares in the Company with a subscription
price of €0.165 (rounded figure) per new share (at the above mentioned fixed
exchange rate). This includes the full exercise of the underwriters' over-
allotment option. The issuance of new shares by the Company for the purpose of
the completion of the U.S. public offering is based on the authorization granted
by the Annual General Meeting of shareholders on May 26, 2015.

In addition, the underwriters have purchased 519,583 ADSs from UCB S.A. at the
U.S. public offering price. Biotie will not receive any proceeds from the ADSs
sold by UCB S.A. Following the completion of the U.S. public offering the
automatic conversion of the convertible notes issued by the Company to certain
U.S. investors and existing shareholders on May 28, 2015 and the issue of
220,400,001 new shares to such noteholders at the pre-determined conversion
price of €0.15 per new share has also been effected.

The new shares issued by the Company in the U.S. public offering (including the
over-allotment option) and due to the automatic conversion of the notes have
today been registered with the Finnish Trade Register and will be admitted to
trading on NASDAQ OMX Helsinki Ltd. on or about June 17, 2015. Following the
registration of the new shares with the Finnish Trade Register, the total number
of shares and votes in the Company amounts to 980,851,935.

Biotie's shares are listed on the NASDAQ OMX Helsinki Ltd. under the symbol"BTH1V." The ADSs are listed on the NASDAQ Global Select Market under the symbol"BITI."

RBC Capital Markets and Stifel are acting as joint book-running managers in
connection with the offering. In addition, JMP Securities is acting as lead
manager and Roth Capital Partners is acting as co-manager.

A registration statement relating to the securities was declared effective by
the U.S. Securities and Exchange Commission on June 10, 2015. The offering was
made only by means of a prospectus, copies of which may be obtained by
contacting RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, New
York 10281, Attention: Equity Syndicate Department, or by calling
+1 877 822 4089, or by emailing equityprospectus@rbccm.com, or Stifel, Nicolaus& Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite
3700, San Francisco, California 94104, by telephone at +1 415 364 2720 or by
email at syndprospectus@stifel.com.

Turku, June 16, 2015



Biotie Therapies Corp.



Timo Veromaa
President and CEO



Contact:



Virve Nurmi, Investor Relations Manager, Biotie Therapies Corp.
tel. +358 2 274 8900, e-mail: virve.nurmi@biotie.com



DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Main Media

About Biotie

Biotie is a specialized drug development company focused on products for
neurodegenerative and psychiatric disorders. Biotie's development has delivered
Selincro (nalmefene) for alcohol dependence, which received European marketing
authorization in 2013 and is currently being rolled out across Europe by partner
Lundbeck. The current development products include tozadenant for Parkinson's
disease, which is transitioning into Phase 3 development, and two additional
compounds which are in Phase 2 development for cognitive disorders including
Parkinson's disease dementia, and primary sclerosing cholangitis (PSC), a rare
fibrotic disease of the liver.



Disclaimer

The information herein may not be distributed or sent into Australia, Canada,
Japan or South Africa.

The issue, exercise and/or sale of securities in the offerings are subject to
specific legal or regulatory restrictions in certain jurisdictions. The Company
assumes no responsibility in the event there is a violation by any person of
such restrictions. Investors must neither accept any offer for, nor acquire, any
securities to which this document refers, unless they do so on the basis of the
information contained in the applicable prospectus published or offering
circular distributed by the Company.

The Company has not authorized any offer to the public of securities in any
Member State of the European Economic Area, including Finland. With respect to
each Member State of the European Economic Area, including Finland, which has
implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member States
(a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an "offer of securities to the public" means the communication in any
form and by any means of sufficient information on the terms of the offer and
the securities to be offered so as to enable an investor to decide to exercise,
purchase or subscribe the securities, as the same may be varied in that Member
State by any measure implementing the Prospectus Directive in that Member State
and the expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.

This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling
within Article 49(2) of the Order (all such persons together being referred to
as "relevant persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents.

Forward-Looking Statements

This release may contain forward-looking statements regarding the proposed
timing and size of the public offering, all of which involve certain risks and
uncertainties. These statements are often, but are not always, made through the
use of words or phrases such as "believes,""anticipates,""expects,""intends,""plans,""seeks,""estimates,""may,""will,""could,""stands to,""continues,""we believe,""we intend," as well as similar expressions. Such forward-looking
statements may involve known and unknown risks, uncertainties and other factors
which might cause the actual results, financial condition, performance or
achievements of Biotie, or industry results, to be materially different from any
historic or future results, financial conditions, performance or achievements
expressed or implied by such forward-looking statements. Among the factors that
may result in differences are the inherent uncertainties associated with
competitive developments, clinical trial and product development activities,
regulatory approval requirements and estimating the commercial potential of our
product candidates. Given these uncertainties, the reader is advised not to
place any undue reliance on such forward-looking statements. These forward-
looking statements speak only as of the date of publication of this document.
Biotie expressly disclaims any obligation to update any such forward-looking
statements in this document to reflect any change in its expectations with
regard thereto or any change in events, conditions or circumstances on which any
such statement is based, unless required by law or regulation.




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