RIM Provides Status Update

RIM Provides Status Update

Research In Motion Limited (“RIM” or the “Company”) (Nasdaq: RIMM; TSX: RIM) today provides this status update pursuant to the alternative information guidelines of the Ontario Securities Commission (the “OSC”). These guidelines contemplate that the Company will normally provide bi-weekly updates on its affairs until such time as the Company is current with its filing obligations under Canadian securities laws.

As previously disclosed, while the review of stock option granting practices by the Special Committee of RIM’s Board of Directors is now complete, the Special Committee and its advisors, together with the Company and the Company’s external auditors, continue to do the work necessary to complete the restatement of RIM’s previously filed financial statements and to file its interim financial statements for the second and third quarters of fiscal 2007.

As previously disclosed, the Company had originally anticipated updating its filings with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission (the “SEC”) prior to its fiscal year end of March 3, 2007. Despite best efforts, the Company determined that additional time is required for the Company and its advisors to prepare the updated filings and for the independent auditors to complete their review of those filings.

It is the Company’s belief that the impact of any restatement on U.S. GAAP and preliminary operating results for fiscal 2007 will be immaterial. RIM will file its restated financial statements as well as its financial statements for the second and third quarters of fiscal 2007, and the fiscal year ended March 3, 2007 as soon as possible. The Company has determined that the accounting impact on RIM’s most recently filed Canadian GAAP statements do not result in a material adjustment and therefore the Company does not intend to restate the previously filed Canadian GAAP financial statements.

The Company has had communications with the staff of the OSC and the staff of the SEC about its internal review, and has had contact with the office of the United States Attorney for the Southern District of New York upon learning that the U.S. Attorney’s office is reviewing the Company’s stock option grants. The Company intends to continue to cooperate with the OSC and SEC, and intends to cooperate with any formal or informal requests for information from the U.S. Attorney’s office.

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