An anonymous director reports

BLACKBERRY COMPLETES PATENT SALE TRANSACTION

BlackBerry Ltd. has completed the previously announced sale of substantially all of its non-core patents and patent applications to Malikie Innovations Ltd., a wholly owned subsidiary of Key Patent Innovations Ltd.

Under the terms of the sale, unchanged from those previously announced, BlackBerry received $170-million in cash at closing.

The transaction included the sale of approximately 32,000 non-core patents and applications, and excluded those necessary to support BlackBerry's current core business operations. BlackBerry has retained all existing revenue generating agreements, and approximately 2,000 primarily standards-essential patents relating to mobile devices. The transaction will not impact customers' use of any of BlackBerry's products, solutions or services.

About BlackBerry Ltd.

BlackBerry provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500 million end points, including over 215 million vehicles. Based in Waterloo, Ont., the company leverages AI (artificial intelligence) and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of end point security, end point management, encryption and embedded systems. BlackBerry's vision is clear -- to secure a connected future you can trust.