Fourth Quarter Fiscal 2021: Total business non-GAAP revenue of $215 million; overall company GAAP earnings of $210 million.During the quarter BlackBerry participated in a special negotiation with a North American entity for the prospective sale of part of the patent portfolio relating primarily to mobile phones, messaging and cordless networking. The Company has actually restricted its patent monetization activities due to the continuous negotiations. If the Company had actually not been in negotiations during the quarter, we think that Licensing profits would have been higher.Non-GAAP profits per diluted and basic share of $0.03; GAAP loss per standard and diluted share of $0.56. GAAP loss per share was mostly driven by a non-cash accounting change on the convertible debentures, arising from market conditions. This change relates to approximately $0.46 of GAAP loss per share.Net money created from operating activities of $51 million.Fiscal Year 2021: Total company non-GAAP earnings of $919 million; overall business GAAP profits of $893 million.Non-GAAP incomes per diluted and basic share of $0.18; GAAP loss per basic and diluted share of $1.97. Net cash produced from operating activities of $82 million.WATERLOO, Ontario, March 30, 2021/ PRNewswire/– BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial outcomes for the 3 months ended February 28, 2021 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)” This has actually been a remarkable year to browse, however we are pleased with QNXs continued recovery, regardless of brand-new obstacles from the global chip shortage. QNX now has style wins with 23 of the worlds top 25 electrical car OEMs and stays on course to return to a regular income run rate by mid-fiscal 2022. BlackBerry IVY also made encouraging progress, with favorable engagement from a variety of leading automakers and the launch of our BlackBerry IVY Innovation Fund.” said John Chen, Executive Chairman & & CEO, BlackBerry. “We are seeing concrete signs that our efforts and enhancements in go-to-market are beginning to settle and have a favorable impact. This quarter we generated strong consecutive billings growth for our Software and Services company, including substantial improvements for both Spark and QNX. Overall billings are back to pre-pandemic levels.” Story continuesFourth Quarter Fiscal 2021 Financial HighlightsTotal company non-GAAP profits for the fourth quarter of fiscal 2021 was $215 million. Overall company GAAP income for the fourth quarter of financial 2021 was $210 million.Software and Services non-GAAP profits for the 4th quarter of financial 2021 was $165 million. Software Application and Services GAAP profits for the 4th quarter of fiscal 2021 was $160 million.Licensing and Other GAAP and non-GAAP profits for the 4th quarter of financial 2021 was $50 million.Non-GAAP gross margin was 73% and GAAP gross margin was 72%. Non-GAAP operating incomes were $18 million. GAAP operating loss was $313 million, primarily due to fair value modifications to long-lasting debt, as an outcome of market conditions.Non-GAAP incomes per share was $0.03 (basic and diluted). GAAP net loss per share was $0.56 (basic and diluted). Total money, money equivalents, short-term and long-term financial investments were $804 million.Net cash created from running activities was $51 million.Business Highlights & & Strategic AnnouncementsBlackBerry introduces BlackBerry IVY Innovation Fund to drive development and brand-new products using BlackBerry IVY ™. BlackBerry presents BlackBerry ® Alert Next-Gen Critical Event Management for the industrial sector.BlackBerry QNX has design wins with 23 of the worlds leading 25 Electric Vehicle OEMs, who together have 68% of the EV market. This has actually increased from 19 of the leading 25 last quarter.BlackBerry expands its partnership with Baidu to power next generation autonomous driving technology.Scania picks BlackBerry QNX as the security crucial operating system and hypervisor in its next generation of heavy items vehicles.Sony reveals at CES that its Vision-S car will utilize BlackBerry ® QNX ® technology.BlackBerry and IBM incorporate BlackBerry ® Protect, BlackBerry ® Optics and IBM QRadar.BlackBerry QNX Black Channel Communications to be used in Motionals driverless platform.BlackBerry QNX working with Android Open Source Project( AOSP) for virtualization in automotive digital cockpits.BlackBerry SecuSUITE ® for Government is now used by 18 governments.BlackBerry ® Jarvis ™ named Best in Breed tool to safeguard objective vital software application supply chains.BlackBerry 2021 annual risk report uncovers breadth of COVID-19 exploitation.BlackBerry called a leader in 2021 IDC marketscape UEM report.OutlookBlackBerry will supply 2022 outlook in connection with the quarterly profits announcement on its earnings conference call. The revenues call records will be offered on our site and on SEDAR.Use of Non-GAAP Financial MeasuresThe tables at the end of this news release consist of a reconciliation of the non-GAAP financial measures used by the company to similar U.S. GAAP procedures and a description of why the company uses them.Conference Call and WebcastA teleconference and live webcast will be held today beginning at 5:30 p.m. ET, which can be accessed by dialing +1 (877) 682-6267 or by visiting at BlackBerry.com/ Investors. A replay of the teleconference will likewise be available at around 8:30 p.m. ET by dialing +1( 800 )585-8367 and going into Conference ID # 4884474 and at the link above.About BlackBerryBlackBerry( NYSE: BB; TSX: BB )supplies intelligent security software application and services to business and federal governments around the world. The business secures more than 500M endpoints including more than 175M cars on the road today. Based in Waterloo, Ontario, the business leverages AI and device learning to provide ingenious options in the areas of cybersecurity, safety and data privacy, and is a leader in the areas of endpoint security, endpoint management, encryption, and ingrained systems. BlackBerrys vision is clear- to protect a linked future you can trust.BlackBerry. Intelligent Security. Everywhere.For more info, see BlackBerry.com and follow @BlackBerry. Financier Contact: BlackBerry Investor Relations +1( 519 )888-7465investor_relations@blackberry.com Media Contact: BlackBerry Media Relations +1 (519) 597-7273mediarelations@blackberry.com This press release contains forward-looking statements within the meaning of specific securities laws, consisting of under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, consisting of statements regarding BlackBerrys methods, goals and strategies including its expectations with respect to BlackBerry QNX and BlackBerry IVY and increasing and boosting its item and service offerings.The words” anticipate”,” prepare for”,” price quote”,” may”,” will”,” should”, “could”,” mean”, “think”,” target “,” strategy “and similar expressions are intended to determine these forward-looking statements. Positive statements are based on assumptions and estimates made by BlackBerry in light of its experience and its perception of historical patterns, existing conditions and expected future developments, as well as other factors that BlackBerry thinks are proper in the circumstances, including but not restricted to, BlackBerrys expectations regarding its business, strategy, chances and prospects, the launch of brand-new product or services, general economic conditions particularly because of COVID-19, competitors, and BlackBerrys expectations regarding its monetary performance. Numerous aspects might trigger BlackBerrys actual results, efficiency or achievements to differ materially from those expressed or implied by the forward-looking declarations, consisting of, without restriction, dangers associated with the following elements: BlackBerrys ability to improve, develop, introduce or generate income from services and products for the enterprise market in a timely way with competitive prices, functions and performance; BlackBerrys capability to maintain or broaden its customer base for its software application and services offerings to grow earnings or attain continual success; the intense competitors faced by BlackBerry; the incident or understanding of a breach of BlackBerrys network cybersecurity procedures, or an unsuitable disclosure of personal or personal details; the failure or perceived failure of BlackBerrys options to discover or avoid security vulnerabilities; the effect of the COVID-19 coronavirus pandemic; BlackBerrys continuing ability to attract new personnel, maintain existing essential personnel and manage its staffing efficiently; BlackBerrys reliance on its relationships with resellers and channel partners; lawsuits versus BlackBerry; network disturbances or other company disruptions; BlackBerrys ability to cultivate an ecosystem of third-party application developers; BlackBerrys services and products being dependent upon interoperability with rapidly altering systems supplied by 3rd parties; BlackBerrys ability to get rights to use third-party software and its use of open source software application; failure to safeguard BlackBerrys intellectual residential or commercial property and to make expected profits from intellectual home rights; BlackBerry being found to have infringed on the intellectual home rights of others; the significant property threat dealt with by BlackBerry, consisting of the potential for charges connected to its long-lived possessions and goodwill; BlackBerrys indebtedness; tax arrangement changes, the adoption of new tax legislation or direct exposure to extra tax liabilities; the use and management of user data and individual info; federal government regulations appropriate to BlackBerrys services and products, including items consisting of file encryption abilities; the failure of BlackBerrys providers, subcontractors, channel partners and agents to use appropriate ethical organization practices or comply with appropriate laws; policies relating to health and security, harmful products use and dispute minerals; acquisitions, divestitures and other service efforts; foreign operations, including fluctuations in foreign currencies; the change of BlackBerrys quarterly revenue and operating outcomes; the volatility of the marketplace price of BlackBerrys common shares; negative financial, geopolitical and ecological conditions.These risk aspects and others connecting to BlackBerry are gone over in greater detail in BlackBerrys Annual Report on Form 10-K and the” Cautionary Note Regarding Forward-Looking Statements “section of BlackBerrys MD&A( copies of which filings may be acquired at www.sedar.com or www.sec.gov ). All of these aspects need to be thought about carefully, and readers should not put excessive reliance on BlackBerrys forward-looking statements. Any declarations that are positive statements are planned to allow BlackBerrys investors to see the anticipated performance and prospects of BlackBerry from managements perspective at the time such statements are made, and they are subject to the dangers that are inherent in all positive statements, as explained above, along with troubles in forecasting BlackBerrys monetary results and performance for future periods, particularly over longer periods, provided modifications in technology and BlackBerrys company technique, developing market standards, extreme competitors and brief item life cycles that identify the industries in which BlackBerry runs. BlackBerry has no intent and carries out no obligation to upgrade or revise any forward-looking statements, whether as a result of new information, future occasions or otherwise, other than as needed by appropriate law.BlackBerry LimitedIncorporated under the Laws of Ontario( United States dollars, in millions except share and per share amounts )( unaudited) Consolidated Statements of Operations Three Months EndedFor the Years EndedFebruary 28, 2021November 30, 2020February 29, 2020February 28, 2021February 29, 2020Revenue$ 210$ 218 $282$ 893$ 1,040 Cost of sales586970250277Gross margin152149212643763Gross margin% 72.4% 68.3 %75.2 %72.0% 73.4% Operating expensesResearch and development485360215259Selling, marketing and administration9283113344493Amortization454548182194Impairment of goodwill—- 2259422Impairment of long-lived assets22– 54310Debentures reasonable value adjustment258955372( 66) 4652762531,750912 Operating loss( 313 )( 127) (41)( 1,107)( 149) Investment earnings (loss), internet–( 1)( 1)( 6) 1Loss prior to earnings taxes( 313)( 128)( 42) (1,113)( 148) Provision for( recovery of )earnings taxes22( 1)( 9) 4Net loss$( 315 )$( 130 )$( 41)$( 1,104)$( 152) Loss per shareBasic$( 0.56)$( 0.23 )$( 0.07)$( 1.97)$( 0.27) Diluted$( 0.56 )$( 0.23)$ (0.07)$( 1.97)$( 0.32) Weighted-average variety of typical shares impressive( 000s) Basic566,089562,443556,668561,305553,861 Diluted566,089562,443556,668561,305614,361 Total common shares exceptional( 000s) 565,505562,016554,199565,505554,199 BlackBerry LimitedIncorporated under the Laws of Ontario( United States dollars, in millions )( unaudited )Consolidated Balance SheetsAs atFebruary 28, 2021February 29, 2020AssetsCurrentCash and cash equivalents$ 214$ 377Short-term investments525532Accounts receivable, web of allowance of$ 10 and$ 9, respectively182215Other receivables 2514Income taxes receivable 106Other present assets50521,0061,196 Restricted cash equivalent and restricted short-term investments2849Long-term investments3732Other long-lasting assets1665Operating lease right-of-use possessions, net63124Property, plant and devices, net4870Goodwill8491,437 Intangible assets, net771915$ 2,818$ 3,888 LiabilitiesCurrentAccounts payable $20$ 31Accrued liabilities178202Income taxes payable618Debentures– 606Deferred profits, current2252644291,121 Deferred revenue, non-current69109Operating lease liabilities90120Other long-lasting liabilities69Long-term debentures720– 1,3141,359 Shareholders equityCapital stock and additional paid-in capital2,8232,760 Deficit( 1,306)( 198) Accumulated other thorough loss( 13)( 33) 1,5042,529$ 2,818$ 3,888 BlackBerry LimitedIncorporated under the Laws of Ontario (United States dollars, in millions)( unaudited )Consolidated Statements of Cash FlowsFor the Years EndedFebruary 28, 2021February 29, 2020Cash circulations from running activitiesNet loss$( 1,104)$( 152) Adjustments to fix up net loss to net cash provided by operating activities: Amortization198212Deferred income taxes( 3)– Stock-based compensation4463Impairment of goodwill59422Impairment of long-lived assets4310Non-cash consideration gotten from agreements with consumers– (8 )Debentures fair worth adjustment372( 66 )Other long-term liabilities( 3) 2Operating leases( 4)( 9) Other110Net changes in working capital itemsAccounts receivable, net of allowance2918Other receivables (11) 5Income taxes receivable( 4) 3Other assets55( 35) Accounts payable( 11)( 17) Accrued liabilities( 20)( 15) Income taxes payable( 15 )1Deferred earnings( 79)( 18) Net money offered by operating activities8226Cash flows from investing activitiesAcquisition of long-lasting investments( 5)( 1) Proceeds on sale or maturity of long-term investments– 19Acquisition of property, plant and devices( 8)( 12 )Acquisition of intangible assets( 36 )( 32 )Business acquisitions, internet of cash gotten– 1Acquisition of restricted short-term investments( 24)– Acquisition of short-term financial investments (1,039)( 1,180 )Proceeds on sale or maturity of short-term investments1,0471,017 Net cash used in investing activities( 65 )( 188) Cash streams from funding activitiesIssuance of typical shares199Payment of finance lease liability( 1 )( 2) Repurchase of 3.75 %Debentures( 610)– Issuance of 1.75% Debentures365– Net money supplied by( utilized in) financing activities( 227 )7Effect of forex gain (loss) on cash, cash equivalents, limited money, and limited money equivalents2( 1) Net decline in cash, cash equivalents, restricted money, and limited money equivalents during the period( 208 )( 156) Cash, cash equivalents, restricted cash, and limited money equivalents, start of period426582Cash, money equivalents, limited cash, and limited cash equivalents, end of period$ 218 $426As atFebruary 28, 2021February 29, 2020Cash and money equivalents$ 214$ 377Restricted cash equivalents and restricted short-term investments2849Short-term investments525532Long-term investments3732$ 804$ 990Reconciliations of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures In the Companys internal reports, management examines the performance of the Companys business on a non-GAAP basis by excluding the effect of specific items below from the Companys U.S. GAAP financial outcomes. The Company believes that these non-GAAP steps offer readers of the Companys financial declarations with a constant basis for contrast throughout accounting durations and works in assisting readers understand the Companys operating outcomes and underlying operational trends.Readers are warned that adjusted profits, adjusted Software and Services earnings, changed gross margin, adjusted gross margin percentage, changed running expense, changed operating earnings, changed EBITDA, adjusted operating income margin portion, adjusted EBITDA margin percentage, adjusted net income( loss), adjusted earnings (loss) per share, changed research study and advancement expense, changed selling, marketing and administrative expenditure and changed amortization cost and similar steps do not have any standardized significance prescribed by U.S. GAAP and are therefore not likely to be similar to likewise entitled steps reported by other companies. These non-GAAP financial steps must be thought about in the context of the U.S. GAAP results.Reconciliation of non-GAAP based measures with the majority of straight comparable U.S. GAAP based measures for the 3 months ended February 28, 2021 and February 29, 2020A reconciliation of the most straight similar U.S. GAAP financial procedures for the 3 months ended February 28, 2021 and February 29, 2020 to adjusted financial procedures is reflected in the tables below: For the Three Months Ended( in millions) February 28, 2021February 29, 2020Revenue$ 210$ 282Software deferred income obtained( 1) 59Adjusted earnings$ 215$ 291Gross margin$ 152$ 212Software deferred revenue gotten( 1) 59Stock compensation expense12Adjusted gross margin$ 158 $223Gross margin% 72.4 %75.2% Software deferred earnings acquired( 1) 0.6% 0.7 %Stock compensation expense0.5% 0.7 %Adjusted gross margin% 73.5 %76.6% ______________________________( 1) See Reconciliation of U.S. GAAP Software and Services revenue to adjusted Software and Services revenueReconciliation of operating cost for the three months ended February 28, 2021 and February 29, 2020 to adjusted operating costs is reflected in the tables listed below: For the Three Months Ended (in millions) February 28, 2021 February 29, 2020 Operating expense$ 465$ 253 Restructuring charges– 1 Stock settlement cost 16 15 … Debenture reasonable worth change 258 5 Software delayed commission expenditure gotten( 3)( 3) Acquired intangibles amortization 32 35 Business acquisition and integration costs– 1 Goodwill problems charge– 22 LLA impairment charge 22 5 Adjusted operating expense$ 140$ 172 Reconciliation of U.S. GAAP net loss and U.S. GAAP basic loss per share for the three months ended February 28, 2021 and February 29, 2020 to adjusted net income and changed fundamental profits per share is reflected in the tables listed below: For the Three Months Ended( in millions, except per share amounts )February 28, 2021February 29, 2020Basic incomes( loss) per shareBasic revenues( loss )per shareNet loss $( 315 )$( 0.56 )$( 41 )$( 0.07) Software delayed profits acquired59Restructuring charges– 1Stock compensation expense1717Debenture reasonable value adjustment2585Software deferred commission expenditure acquired( 3 )( 3 )Acquired intangibles amortization3235Business acquisition and integration expenses– 1Goodwill disability charge– 22LLA problems charge225Adjusted earnings$ 16$ 0.03$ 51$ 0.09 Reconciliation of U.S. GAAP Software and Services profits for the three months ended February 28, 2021 and February 29, 2020 to adjusted Software and Services earnings is reflected in the tables listed below: For the Three Months Ended( in millions) February 28, 2021February 29, 2020Software and Services Revenue $160 $170Software deferred income obtained 59Adjusted Software and Services profits$ 165 $179Reconciliation of U.S. GAAP research study and development, administration, selling and marketing, and amortization cost for the three months ended February 28, 2021 and February 29, 2020 to adjusted research and development, selling, marketing and administration, and amortization cost is shown in the tables below: For the Three Months Ended (in millions) February 28, 2021February 29, 2020Research and advancement$ 48$ 60Stock payment expense33Adjusted research and advancement$ 45$ 57Selling, marketing and administration$ 92$ 113Restructuring charges– 1Software postponed commission expense obtained( 3)( 3) Stock settlement expense1312Business acquisition and integration expenses– 1Adjusted selling, marketing and administration$ 82$ 102Amortization$ 45 $48Acquired intangibles amortization3235Adjusted amortization$ 13$ 13Adjusted operating earnings, changed EBITDA, adjusted operating earnings margin portion and adjusted EBITDA margin percentage for the 3 months ended February 28, 2021 and February 29, 2020 are reflected in the table below.For the Three Months Ended( in millions) February 28, 2021February 29, 2020Operating loss$( 313) $( 41 )Non-GAAP adjustments to running lossSoftware deferred income acquired59Restructuring charges– 1Stock payment expense1717Debenture fair value adjustment2585Software postponed commission expense obtained (3)( 3) Acquired intangibles amortization3235Business acquisition and integration expenses– 1Goodwill problems charge– 22LLA problems charge225Total non-GAAP adjustments to operating loss33192Adjusted operating income1851Amortization4952Acquired intangibles amortization( 32)( 35) Adjusted EBITDA$ 35$ 68Adjusted profits( per above)$ 215$ 291Adjusted operating income margin%( 1) 8% 18 %Adjusted EBITDA margin%( 2 )16 % 23% ______________________________( 1) Adjusted operating income margin% is calculated by dividing adjusted operating income by adjusted income( 2) Adjusted EBITDA margin% is calculated by dividing adjusted EBITDA by changed revenueReconciliation of non-GAAP based measures with the majority of straight comparable U.S. GAAP based steps for the years ended February 28, 2021 and February 29, 2020A reconciliation of the most directly comparable U.S. GAAP monetary procedures for the years ended February 28, 2021 and February 29, 2020 to adjusted financial steps is reflected in the tables listed below: For the Year Ended (in millions )February 28, 2021February 29, 2020Revenue$ 893$ 1,040 Software deferred profits gotten( 1) 2659Adjusted earnings$ 919$ 1,099 Gross margin$ 643$ 763Software deferred profits obtained( 1 )2659Restructuring charges– 5Stock payment expense55Adjusted gross margin$ 674$ 832Gross margin% 72.0% 73.4% Software postponed revenue acquired( 1 )0.8% 1.4% Restructuring charges–% 0.5% Stock compensation expense0.5% 0.4% Adjusted gross margin% 73.3% 75.7% Operating cost$ 1,750$ 912Restructuring charges 25Stock payment expense4758Debenture fair worth change 372( 66) Software deferred commission expenditure acquired( 13)( 16) Acquired intangibles amortization129141Business acquisition and combination costs– 4Goodwill disability charge59422LLA problems charge4310Adjusted operating expenditure$ 576$ 754 ______________________________( 1) See Reconciliation of U.S GAAP Software and Services revenue to changed Software and Service revenueReconciliation of U.S. GAAP bottom line and U.S. GAAP basic loss per share for the years ended February 28, 2021 and February 29, 2020 to the adjusted net income and basic revenues per share is reflected in the tables below: For the Year Ended( in millions, except per share amounts )February 28, 2021February 29, 2020Basic profits( loss) per shareBasic revenues (loss) per shareNet loss$( 1,104)$( 1.97 )$( 152)$( 0.27) Software postponed profits gotten 2659Restructuring charges 210Stock settlement expense5263Debenture reasonable value adjustment372 (66 )Software postponed commission expense acquired( 13)( 16 )Acquired intangibles amortization129141Business acquisition and combination costs– 4Goodwill problems charge59422LLA disability charge4310Acquisition assessment allowance– (1) Adjusted earnings$ 101 $ 0.18$ 74$ 0.13 Reconciliation of U.S. GAAP Software and Services profits for the years ended February 28, 2021 and February 29, 2020 to adjusted Software and Services income is shown in the tables below: For the Year Ended( in millions) February 28, 2021February 29, 2020Software and Services Revenue$ 621$ 691Software postponed revenue acquired 2659Adjusted Software and Services Revenue$ 647$ 750Reconciliation of U.S. GAAP research and development, selling, marketing and administration, and amortization expenditure for the years ended February 28, 2021 and February 29, 2020 to adjusted research and development, selling, marketing and administration, and amortization expense is reflected in the tables below: For the Year Ended( in millions) February 28, 2021February 29, 2020Research and development$ 215$ 259Stock compensation expense1113Adjusted research and development$ 204 $246Selling, marketing and administration$ 344$ 493Restructuring charges25Software delayed commission cost acquired( 13)( 16) Stock payment expense3645Business acquisition and integration expenses– 4Adjusted selling, marketing and administration$ 319$ 455Amortization $182$ 194Acquired intangibles amortization129141Adjusted amortization$ 53$ 53Adjusted operating earnings, changed EBITDA, changed operating earnings margin portion and adjusted EBITDA margin portion for the years ended February 28, 2021 and February 29, 2020 are reflected in the table listed below. For the Year Ended( in millions) February 28, 2021February 29, 2020Operating loss $( 1,107 )$ (149) Non-GAAP changes to operating lossSoftware deferred earnings acquired2659Restructuring charges210Stock settlement expense5263Debenture fair value adjustment372( 66 )Software delayed commission cost gotten (13)( 16) Acquired intangibles amortization129141Business acquisition and integration expenses– 4Goodwill impairment charge59422LLA problems charge4310Total non-GAAP changes to running loss1,205227 Adjusted running income9878Amortization198212Acquired intangibles amortization( 129)( 141) Adjusted EBITDA$ 167$ 149Adjusted revenue( per above) $919$ 1,099 Adjusted operating income margin%( 1) 11% 7% Adjusted EBITDA margin %( 2) 18% 14% ______________________________( 1) Adjusted operating earnings margin% is computed by dividing adjusted operating income by adjusted income( 2) Adjusted EBITDA margin% is determined by dividing adjusted EBITDA by adjusted revenueCisionView initial material to download multimedia: http://www.prnewswire.com/news-releases/blackberry-reports-fourth-quarter-and-full-fiscal-year-2021-results-301258998.htmlSOURCE BlackBerry Limited

Financier Contact: BlackBerry Investor Relations +1( 519 )888-7465investor_relations@blackberry.com Media Contact: BlackBerry Media Relations +1 (519) 597-7273mediarelations@blackberry.com This news release consists of forward-looking declarations within the meaning of specific securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and relevant Canadian securities laws, including declarations concerning BlackBerrys strategies, goals and strategies including its expectations with regard to BlackBerry QNX and BlackBerry IVY and increasing and improving its item and service offerings.The words” anticipate”,” prepare for”,” price quote”,” might”,” will”,” need to”, “might”,” intend”, “believe”,” target “,” plan “and comparable expressions are planned to determine these positive statements. Positive statements are based on estimates and assumptions made by BlackBerry in light of its experience and its understanding of historic patterns, existing conditions and expected future advancements, as well as other elements that BlackBerry thinks are proper in the circumstances, consisting of however not limited to, BlackBerrys expectations regarding its organization, strategy, chances and prospects, the launch of new items and services, basic economic conditions especially in light of COVID-19, competitors, and BlackBerrys expectations regarding its monetary performance. Lots of aspects might cause BlackBerrys real outcomes, efficiency or achievements to differ materially from those revealed or indicated by the forward-looking declarations, including, without restriction, threats related to the following elements: BlackBerrys ability to improve, establish, introduce or generate income from items and services for the enterprise market in a timely manner with competitive prices, features and efficiency; BlackBerrys ability to maintain or expand its client base for its software application and services offerings to grow revenue or attain sustained profitability; the intense competition dealt with by BlackBerry; the incident or understanding of a breach of BlackBerrys network cybersecurity steps, or an improper disclosure of personal or private information; the failure or perceived failure of BlackBerrys options to discover or prevent security vulnerabilities; the effect of the COVID-19 coronavirus pandemic; BlackBerrys continuing capability to bring in new workers, keep existing key personnel and handle its staffing successfully; BlackBerrys reliance on its relationships with resellers and channel partners; litigation against BlackBerry; network disruptions or other service disruptions; BlackBerrys capability to foster a community of third-party application developers; BlackBerrys items and services being dependent upon interoperability with quickly altering systems provided by 3rd parties; BlackBerrys capability to obtain rights to utilize third-party software and its usage of open source software; failure to secure BlackBerrys intellectual property and to earn anticipated revenues from intellectual home rights; BlackBerry being discovered to have actually infringed on the intellectual home rights of others; the significant asset threat faced by BlackBerry, consisting of the capacity for charges related to its long-lived assets and goodwill; BlackBerrys indebtedness; tax provision changes, the adoption of new tax legislation or exposure to extra tax liabilities; the usage and management of user information and individual details; government regulations applicable to BlackBerrys items and services, including items consisting of file encryption capabilities; the failure of BlackBerrys suppliers, subcontractors, channel partners and agents to use acceptable ethical company practices or comply with applicable laws; regulations concerning health and safety, harmful materials use and dispute minerals; acquisitions, divestitures and other service efforts; foreign operations, including fluctuations in foreign currencies; the fluctuation of BlackBerrys quarterly earnings and operating results; the volatility of the market rate of BlackBerrys typical shares; negative economic, geopolitical and environmental conditions.These threat elements and others relating to BlackBerry are discussed in greater detail in BlackBerrys Annual Report on Form 10-K and the” Cautionary Note Regarding Forward-Looking Statements “section of BlackBerrys MD&A( copies of which filings might be acquired at www.sedar.com or www.sec.gov ). Any declarations that are positive declarations are meant to allow BlackBerrys shareholders to view the awaited efficiency and prospects of BlackBerry from managements point of view at the time such declarations are made, and they are subject to the threats that are intrinsic in all positive declarations, as explained above, as well as troubles in forecasting BlackBerrys monetary outcomes and performance for future durations, particularly over longer durations, provided modifications in technology and BlackBerrys business method, developing market requirements, intense competition and brief product life cycles that define the markets in which BlackBerry operates. BlackBerry has no intention and undertakes no commitment to upgrade or revise any positive statements, whether as a result of new information, future events or otherwise, except as needed by applicable law.BlackBerry LimitedIncorporated under the Laws of Ontario( United States dollars, in millions except share and per share amounts )( unaudited) Consolidated Statements of Operations Three Months EndedFor the Years EndedFebruary 28, 2021November 30, 2020February 29, 2020February 28, 2021February 29, 2020Revenue$ 210$ 218 $282$ 893$ 1,040 Cost of sales586970250277Gross margin152149212643763Gross margin% 72.4% 68.3 %75.2 %72.0% 73.4% Operating expensesResearch and development485360215259Selling, marketing and administration9283113344493Amortization454548182194Impairment of goodwill—- 2259422Impairment of long-lived assets22– 54310Debentures fair worth adjustment258955372( 66) 4652762531,750912 Operating loss( 313 )( 127) (41)( 1,107)( 149) Investment earnings (loss), internet–( 1)( 1)( 6) 1Loss before income taxes( 313)( 128)( 42) (1,113)( 148) Provision for( recovery of )income taxes22( 1)( 9) 4Net loss$( 315 )$( 130 )$( 41)$( 1,104)$( 152) Loss per shareBasic$( 0.56)$( 0.23 )$( 0.07)$( 1.97)$( 0.27) Diluted$( 0.56 )$( 0.23)$ (0.07)$( 1.97)$( 0.32) Weighted-average number of typical shares outstanding( 000s) Basic566,089562,443556,668561,305553,861 Diluted566,089562,443556,668561,305614,361 Total common shares exceptional( 000s) 565,505562,016554,199565,505554,199 BlackBerry LimitedIncorporated under the Laws of Ontario( United States dollars, in millions )( unaudited )Consolidated Balance SheetsAs atFebruary 28, 2021February 29, 2020AssetsCurrentCash and money equivalents$ 214$ 377Short-term investments525532Accounts receivable, web of allowance of$ 10 and$ 9, respectively182215Other receivables 2514Income taxes receivable 106Other existing assets50521,0061,196 Restricted cash equivalent and restricted short-term investments2849Long-term investments3732Other long-term assets1665Operating lease right-of-use possessions, net63124Property, plant and equipment, net4870Goodwill8491,437 Intangible assets, net771915$ 2,818$ 3,888 LiabilitiesCurrentAccounts payable $20$ 31Accrued liabilities178202Income taxes payable618Debentures– 606Deferred income, current2252644291,121 Deferred earnings, non-current69109Operating lease liabilities90120Other long-term liabilities69Long-term debentures720– 1,3141,359 Shareholders equityCapital stock and additional paid-in capital2,8232,760 Deficit( 1,306)( 198) Accumulated other thorough loss( 13)( 33) 1,5042,529$ 2,818$ 3,888 BlackBerry LimitedIncorporated under the Laws of Ontario (United States dollars, in millions)( unaudited )Consolidated Statements of Cash FlowsFor the Years EndedFebruary 28, 2021February 29, 2020Cash flows from running activitiesNet loss$( 1,104)$( 152) Adjustments to reconcile net loss to net money supplied by running activities: Amortization198212Deferred earnings taxes( 3)– Stock-based compensation4463Impairment of goodwill59422Impairment of long-lived assets4310Non-cash factor to consider received from contracts with clients– (8 )Debentures reasonable worth adjustment372( 66 )Other long-lasting liabilities( 3) 2Operating leases( 4)( 9) Other110Net changes in working capital itemsAccounts receivable, web of allowance2918Other receivables (11) 5Income taxes receivable( 4) 3Other assets55( 35) Accounts payable( 11)( 17) Accrued liabilities( 20)( 15) Income taxes payable( 15 )1Deferred earnings( 79)( 18) Net money offered by running activities8226Cash streams from investing activitiesAcquisition of long-term investments( 5)( 1) Proceeds on sale or maturity of long-term financial investments– 19Acquisition of property, plant and devices( 8)( 12 )Acquisition of intangible possessions( 36 )( 32 )Business acquisitions, net of cash acquired– 1Acquisition of restricted short-term investments( 24)– Acquisition of short-term investments (1,039)( 1,180 )Proceeds on sale or maturity of short-term investments1,0471,017 Net money utilized in investing activities( 65 )( 188) Cash flows from financing activitiesIssuance of typical shares199Payment of financing lease liability( 1 )( 2) Repurchase of 3.75 %Debentures( 610)– Issuance of 1.75% Debentures365– Net money offered by( used in) financing activities( 227 )7Effect of foreign exchange gain (loss) on money, money equivalents, restricted cash, and limited cash equivalents2( 1) Net decline in money, cash equivalents, restricted money, and restricted cash equivalents during the period( 208 )( 156) Cash, money equivalents, restricted cash, and restricted money equivalents, start of period426582Cash, cash equivalents, restricted cash, and limited money equivalents, end of period$ 218 $426As atFebruary 28, 2021February 29, 2020Cash and cash equivalents$ 214$ 377Restricted cash equivalents and restricted short-term investments2849Short-term investments525532Long-term investments3732$ 804$ 990Reconciliations of Non-GAAP Measures with the Nearest Comparable U.S. GAAP Measures In the Companys internal reports, management assesses the efficiency of the Companys business on a non-GAAP basis by omitting the effect of particular items listed below from the Companys U.S. GAAP monetary results.

By