Bittium Oyj — Share Issue/Capital Change 2021

Mar 24, 2021

Bittium Corporation’s Directed Share Issue without Consideration to Implement the Share-Based Incentive Scheme

Bittium Corporation’s Directed Share Issue without Consideration to Implement the Share-Based Incentive Scheme

Stock exchange release

Free for publication on March 24, 2021 at 4.00 pm (CET+1)

Bittium Corporation’s Directed Share Issue without Consideration to Implement
the Share-Based Incentive Scheme

The Board of Directors of Bittium Corporation (the “Company”) has decided today,
on March 24, 2021, on a directed share issue without consideration for the
payment of the share rewards based on the Company’s share-based incentive scheme
to the Company’s management (the “Share Issue”). The share-based incentive
scheme comprises three Performance Share Plans ("PSP"). The directed share issue
without consideration decided today is about the first Performance Share Plan
(PSP 2020-2022) of the share-based incentive scheme. The incentive scheme was
initially established and communicated in March 2020.

In the Share Issue 9,098 new shares of the Company will be issued without
consideration to the management entitled to share rewards according to the terms
and conditions of the share-based incentive scheme. A total of nine persons of
the Company’s management group are in the target group of the payment. The
shares to be issued in the Share Issue are to be registered in the Trade
Register on approximately March 29, 2021 and admitted to trading on the Nasdaq
Helsinki stock exchange on approximately March 30, 2021.

The decision of the directed Share Issue without consideration is based on the
authorization granted to the Board of Directors by the Company's Annual General
Meeting of Shareholders held on June 15, 2020.

The purpose of the Share Issue is to combine the goals and interests of
shareholders and Company management to increase the long-term value of the
Company and to commit the management to the Company and its strategic goals,
promoting a long-term performance culture in the Company. There is thus an
especially weighty financial reason for the Share Issue.

Oulu, Finland, March 24, 2021

Bittium Corporation
The Board of Directors

Further information

Hannu Huttunen
CEO
Tel. +358 40 344 3507

Distribution

Nasdaq Helsinki Oy
Main media

Bittium

Bittium specializes in the development of reliable, secure communications and
connectivity solutions leveraging its over 35-year legacy of expertise in
advanced radio communication technologies. Bittium provides innovative products
and services, customized solutions based on its product platforms and R&D
services. Complementing its communications and connectivity solutions, Bittium
offers proven information security solutions for mobile devices and portable
computers. Bittium also provides healthcare technology products and services for
biosignal measuring in the areas of cardiology, neurology, rehabilitation,
occupational health and sports medicine. Net sales in 2020 were EUR 78.4 million
and operating profit was EUR 2.1 million. Bittium is listed on Nasdaq Helsinki.
www.bittium.com

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