Bittium Oyj - Company Announcement

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

Stock Exchange Release

Free for publication on October 22, 2015 at 3.30 p.m.

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

Juha Hulkko

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 Juha Hulkko will own a total of 1,700,000
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 Corporate
Tel. +35840 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


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