Bittium Oyj: Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Markets Act

Stock exchange release

Free for publication on October 26, 2022, at 20:15 (CEST+1)

Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Markets Act

On October 26, 2022, Bittium Corporation has received a notification under Chapter 9, Section 5 of the Finnish Securities Market Act (FSMA), according to which Mr. Erkki Veikkolainen has acquired 40,000 shares in Bittium Corporation. In connection with the completion of the share purchase, Mr. Erkki Veikkolainen's aggregate amount of direct and indirect holdings in Bittium Corporation's shares and votes exceeded the five percent limit on October 25, 2022.

According to the notification, the aggregate holdings of Mr. Erkki Veikkolainen in Bittium Corporation on October 25, 2022, amounted to a total of 1,817,665 shares, corresponding to 5.09 percent of the total number of shares and voting rights of Bittium Corporation.  The share stock of Bittium Corporation consists of 35,702,264 shares, each entitling one vote.

Mr. Erkki Veikkolainen's total share of Bittium Corporation's shares and votes according to the announcement:

% of % of shares Total Total number of shares
shares and voting % of and voting rights of
and rights shares issuer
voting through and
rights financial voting
(A) instruments rights
(B) (A+B)
Proportion 5.09 % - 5.09 % 35,702,264
after
reaching of
exceeding
the flagging
threshold
Positions at below - below
previous 5.00 % 5.00 %
notification

Notified
detail of
resulting
situation on
the date on
which the
threshold
was crossed
or reached:

A: Shares
and voting
rights
Number of shares and % of shares and voting rights
voting rights
Share class Direct Indirect Direct Indirect
/ type
(FSMA 9:5) (FSMA 9:6 and (FSMA 9:5) (FSMA 9:6 and 9:7)
9:7)
FI0009007264 1,817,665 5.09 %

Subtotal A 1,817,665 5.09 %

The total
number of
shares in
Bittium
Corporation
is
35,702,264.
The shares
of Bittium
Corporation
are listed
on the
NASDAQ
Helsinki
Ltd. The
Corporation
has one
series of
shares. Each
share has
one vote.

Oulu, Finland, October 26, 2022

Bittium Corporation

Further information

Kari Jokela
CLO
Tel. +358 40344 5258

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 and neurophysiology. Net sales in 2021 were EUR 86.9 million and operating profit was EUR 3.2 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com