RIM Provides Status Update

RIM Provides Status Update

Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) announced today an update on the Company’s management-initiated, voluntary review of stock option grants and the status of the filing of its restated financial statements. As disclosed by the Company on February 16, 2007, the Company’s management-initiated, voluntary review of stock option grants is nearing completion. The Special Committee of RIM’s Board of Directors is scheduled to present its key findings, conclusions and recommendations to RIM’s Board of Directors on Friday, March 2, 2007. Following the Special Committee’s presentation to the Board and the Board’s consideration thereof, the Company anticipates disclosing a summary of the key findings, conclusions and recommendations of the Special Committee in a press release which it currently expects will be issued on Monday, March 5, 2007. The press release on March 5 will serve as the Company’s regular, bi-weekly status update that would have been otherwise issued on March 2, 2007.

As previously disclosed, the Audit Committee of RIM’s Board of Directors has made a preliminary determination that a restatement of RIM’s historical financial statements will be required. The Company does not currently anticipate a material adjustment to the preliminary second quarter operating results reported on September 28, 2006, the preliminary operating results for the third quarter of fiscal 2007 reported on December 21, 2006, or to current or future financial years’ operating results as a result of the restatement.

The Company had originally anticipated updating its filings with the Canadian securities regulators and the United States Securities and Exchange Commission (SEC) prior to its fiscal year end of March 3, 2007. Despite best efforts, the Company has determined that additional time is required for the Company’s independent auditors and other advisors to complete the process and for the Company to update its filings. RIM, as well as its independent auditors and other advisors, will continue to work diligently to complete the process and will make every effort to update its filings as soon as practicable after the completion of the accounting, legal and other analyses required as a result of the review. In the interim, RIM will report on the status of its continuous disclosure obligations to the Ontario Securities Commission (OSC) pursuant to the management cease trade order issued by the OSC on December 18, 2006.

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