BLACKBERRY Ltd — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBERRY Ltd (BB)
CIK: 0001070235
Period of Report: 2023-11-13

Reporting Person: WATSA V PREM ET AL (Director, 10% Owner)
Reporting Person: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Director, 10% Owner)
Reporting Person: SECOND 1109 HOLDCO LTD. (Director, 10% Owner)
Reporting Person: SIXTY TWO INVESTMENT CO LTD (Director, 10% Owner)
Reporting Person: FFHL GROUP LTD (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-13	1.75% Unsecured Convertible Debentures	$	D	1	Disposed		Common Shares (55000000)	Indirect
2023-11-13	1.75% Extendable Convertible Unsecured Debentures	$	A	1	Acquired		Common Shares (25000000)	Indirect

Footnotes

F1: The 1.75% unsecured convertible debentures (the "Old 1.75% Debentures") were repaid upon maturity by BlackBerry Limited ("BlackBerry"). The Old 1.75% Debentures had a maturity date of November 13, 2023 and were convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share. None of the Old 1.75% Debentures were converted into common shares of BlackBerry prior to repayment.

F2: The 1.75% extendable convertible unsecured debentures (the "New 1.75% Debentures") have a stated maturity of February 15, 2024, with an option to extend to May 15, 2024 if mutually agreed between the parties, and are not redeemable by BlackBerry prior to maturity. The New 1.75% Debentures are convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share, subject to adjustments in accordance with the terms of such New 1.75% Debentures.

F3: These securities are held by controlled subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other Reporting Persons. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.