BlackBerry Announces Completion of Debt Restructuring

WATERLOO, ONTARIO--(Sept. 7, 2016) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a global leader in secure mobile communications, today announced that it completed the redemption of all of its 6% unsecured convertible debentures (BB.DB.U) (the "6% Debentures") on September 2, 2016. The redemption was announced and a notice of redemption was issued on August 26, 2016. None of the 6% Debentures were converted into common shares of BlackBerry prior to redemption.

BlackBerry also announced that it has completed the previously announced private placement of USD$605,000,000 aggregate principal amount of 3.75% unsecured convertible debentures to Fairfax Financial Holdings Limited and other institutional investors. RBC Capital Markets acted for BlackBerry in the completion of the transaction.

About BlackBerry

BlackBerry is securing a connected world, delivering innovative solutions across the entire mobile ecosystem and beyond. We secure the world's most sensitive data across all end points - from cars to smartphones - making the mobile-first enterprise vision a reality. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BBRY" on the NASDAQ. For more information, visit www.BlackBerry.com.