Press Release: RIM Participates in Winning Bid for Nortel’s Patent Portfolio

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Waterloo, ON –  As announced separately today by Nortel Networks Corporation, a consortium  of  certain technology companies, of which Research In Motion Limited  (“RIM”) (Nasdaq: RIMM; TSX: RIM) is a part,  emerged as the winning bidder for all of Nortel’s remaining patents and patent applications for a cash purchase price of USD$4.5 billion.   RIM’s portion of the purchase consideration is approximately USD$770 million.  The sale is subject to applicable Canadian and United States court approvals. Nortel plans to work diligently with the consortium to close the sale in the third quarter of 2011.

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