Bittium Oyj - Decisions of extraordinary general meeting

The Extraordinary General Meeting of Bittium Corporation decided on the repurchase of own shares and stock options as well as on election of new members of the Board of Directors

Stock Exchange Release

Free for publication on September 14, 2015 at 2.30 p.m.

The Extraordinary General Meeting of Bittium Corporation decided on the
repurchase of own shares and stock options as well as on election of new members
of the Board of Directors

The   Extraordinary   General  Meeting  of  Bittium  Corporation  ("Bittium"  or"Company")  was  held  on  September  14, 2015, at  1.00 p.m. at the address the
University  of Oulu, Saalastinsali,  Pentti Kaiterankatu 1, 90570 Oulu, Finland.
The  general meeting  approved the  annual accounts  for the period January 1, -
July 1, 2015.

REPURCHASE OF OWN SHARES AND STOCK OPTIONS ENTITLING TO SHARES

The  general meeting  decided in  accordance with  the proposal  of the Board of
Directors  that  the  Company  repurchases  its  own shares ("Shares") and stock
options  2008C ("Stock Options")  entitling to  Shares by  means of  a voluntary
public  tender  offer  made  to  all  shareholders  and holders of Stock Options
("Offer").

The  offer period  of the  Offer commences  on September  25, 2015 at 9.30. a.m.
(Finnish  time)  and  expires  on  October 16, 2015 at 4.00 p.m. (Finnish time),
unless  the Company's Board of  Directors decides to extend  the offer period in
accordance  with the terms and  conditions of the Offer  or unless the terms and
conditions stipulate otherwise.

The key terms and conditions of the Offer are as follows:

  * The Offer is made for a maximum of 124,747,351 Company's Shares and for a
    maximum of 252,648 Stock Options. The Offer shall be executed only for the
    part of the consideration payable for the Shares amounting up to EUR
    593,797,392.67 in the aggregate and for the Stock Options amounting up to
    EUR 1,202,607.33 in the aggregate, when the maximum aggregate consideration
    payable for the Shares and Stock Options is EUR 595,000,000;
  * If the number of offered Shares exceeds the maximum number of Shares in
    accordance with the terms and conditions of the Offer, the Offer shall be
    accepted for each shareholder having accepted the Offer in proportion of the
    Shares offered by such shareholders in the Offer, rounded down per book-
    entry account to the previous whole Share per each book-entry account.
    Corresponding procedure shall be applied to acceptances relating to Stock
    Options;
  * A shareholder or a holder of Stock Options can accept the Offer for all the
    Shares and/or Stock Options owned by him/her or for a number of Shares
    and/or Stock Options of his/her choosing per book-entry account;
  * The offer price for a Share shall be paid in cash for each Share validly
    tendered in accordance with the terms and conditions of the Offer. The offer
    price is equivalent to the volume weighted average price per Share based on
    transactions in the official list of Nasdaq OMX Helsinki Ltd during the five
    trade days preceding the acceptance of the offer document (since the
    approval of the offer document is expected to take place on September
    22, 2015, this period would be September 15, 2015 - September 21, 2015),
    rounded to the nearest full euro cent;
  * The offer price for each Stock Option will be paid in cash for each Stock
    Option validly tendered in accordance with the terms and conditions of the
    Offer, and it is equivalent with the offer price of a Share subtracted with
    the subscription price of a Share pursuant to a Stock Option, i.e. EUR 0.55;
  * The sale and purchase of the Shares and Stock Options validly tendered and
    not properly withdrawn in accordance with the terms and conditions of the
    Offer will be executed no later than on the tenth (10.) Finnish banking day
    following the expiry of the offer period, or if the offer period has been
    extended or discontinued, the expiry of the extended or discontinued offer
    period, and the settlement of trades as well as the payment of the offer
    prices of the Shares and Stock Options will be effected on or about the
    second (2.) Finnish banking day following the above-mentioned completion
    trades;
  * In the event of a subsequent offer period, the Company shall in connection
    with the announcement thereof announce the terms of payment and settlement
    for the Shares and Stock Options tendered during the subsequent offer
    period;
  * Only the profit and retained earnings evidenced by the Company's financial
    statements dated July 1, 2015 shall be used for the repurchase of Shares and
    Stock Options;
  * The Shares and Stock Options to be repurchased will become null and void as
    a part of the execution of the Offer in a way that the Shares and Stock
    Options to be repurchased will not become in the Company's possession at any
    stage;
  * The Offer is subject to the conditions that no material adverse change
    defined in the terms and conditions of the Offer has occurred after the
    Extraordinary General Meeting on September 14, 2015 and that the
    undertakings given to the Company by the seven largest shareholders
    presented in the Company's shareholders' register, dated on August
    23, 2015, to accept the Offer in respect of certain Shares owned by them,
    remains in force under their terms and conditions.

The  exact  maximum  numbers  of  securities  referred  to  in the Offer and the
consideration  to be offered  in the Offer  will be published  after the Finnish
Financial  Supervisory Authority has  approved the offer  document regarding the
Offer, on or about September 22, 2015.

In accordance with chapter 11, section 4, of the Finnish Securities Markets Act,
the  recommendation for procedures  to be complied  with in public tender offers
referred  to in chapter 11, section 28, of the said act is not applicable in the
Offer,  because the Offer concerns the acquisition of own shares by the means of
public tender offer.

Pohjola Bank plc is acting as the arranger of the Offer.

More  information about  the Offer  is available  in the stock exchange releases
published   by   the  Company  on  August  24, 2015, in  the  Company's  website
www.bittium.com  and in the offer document  concerning the Offer to be published
later.

ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS

Kirsi Komi, Juha Putkiranta and Seppo Mäkinen were elected as new members of the
Board  of Directors  for a  term commencing  on November  5, 2015 and continuing
until the close of the next Annual General Meeting.

The  new members of the  Board of Directors replace  the previous members of the
Board  of Directors Jorma Halonen, Juha Hulkko and Seppo Laine, who had notified
that  they will leave  the Board of  Directors when the  term of the new members
commences.

The new members of the Board of Directors will be paid remuneration on the basis
of  the decision  of the  Annual General  Meeting held  on April 15, 2015 and in
proportion  to the remaining  term of the  current Board of  Directors after the
commencement of the term of the new members of the Board of Directors.

Oulu, September 14, 2015

Bittium Corporation

Board of Directors



Further Information:

Veli-Pekka Paloranta

CFO

Bittium Corporation

Tel. +358 40 344 5466



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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