Press Release

February 27, 2007

RIM Provides Status Update

Waterloo, ON - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) announced today an update on the Company’s management-initiated, voluntary review of stock option grants and the status of the filing of its restated financial statements.

As disclosed by the Company on February 16, 2007, the Company's management-initiated, voluntary review of stock option grants is nearing completion. The Special Committee of RIM’s Board of Directors is scheduled to present its key findings, conclusions and recommendations to RIM’s Board of Directors on Friday, March 2, 2007.  Following the Special Committee’s presentation to the Board and the Board’s consideration thereof, the Company anticipates disclosing a summary of the key findings, conclusions and recommendations of the Special Committee in a press release which it currently expects will be issued on Monday, March 5, 2007.   The press release on March 5 will serve as the Company’s regular, bi-weekly status update that would have been otherwise issued on March 2, 2007.

As previously disclosed, the Audit Committee of RIM's Board of Directors has made a preliminary determination that a restatement of RIM's historical financial statements will be required. The Company does not currently anticipate a material adjustment to the preliminary second quarter operating results reported on September 28, 2006, the preliminary operating results for the third quarter of fiscal 2007 reported on December 21, 2006, or to current or future financial years’ operating results as a result of the restatement. 

The Company had originally anticipated updating its filings with the Canadian securities regulators and the United States Securities and Exchange Commission (SEC) prior to its fiscal year end of March 3, 2007.  Despite best efforts, the Company has determined that additional time is required for the Company’s independent auditors and other advisors to complete the process and for the Company to update its filings. RIM, as well as its independent auditors and other advisors, will continue to work diligently to complete the process and will make every effort to update its filings as soon as practicable after the completion of the accounting, legal and other analyses required as a result of the review. In the interim, RIM will report on the status of its continuous disclosure obligations to the Ontario Securities Commission (OSC) pursuant to the management cease trade order issued by the OSC on December 18, 2006. 

The Company has had communications with both staff of the OSC and staff of the SEC about its internal review.  The Company intends to continue to cooperate with the OSC and SEC. 

 About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM’s portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.

This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws relating to RIM's ongoing management-initiated, voluntary review of its option granting practices, including statements regarding preliminary determinations and expectations regarding the financial impact of the review on RIM's historical, current and future financial statements, the anticipated timing of the press release announcing the completion of the internal review and the filing of financial statements. The terms and phrases, "preliminary determination", “expects”, "will", "anticipate", "intends" and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RIM in light of its experience, its current assessment of matters relating to its ongoing internal review, and its perception of historical trends, current conditions and expected future developments, as well as other factors that RIM believes are appropriate in the circumstances. Many factors could cause RIM's actual results, or future events to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: determinations made by RIM's Special Committee, outside advisors, auditors and others; unanticipated developments and additional delays encountered during the ongoing review; developments relating to RIM’s ongoing communications with the SEC and the OSC; additional corrections that may be required based on factual findings and analysis in the ongoing review; risks associated with litigation relating to RIM’s stock option grants; and legal and accounting developments regarding stock option grants and interpretations of such guidance. Readers are cautioned to consider the forward-looking statements in light of these risks and others relating to RIM which are discussed in greater detail in the "Risk Factors" section of RIM's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on RIM's forward-looking statements. RIM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.  RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries.  All other brands, product names, company names, trademarks and service marks are the properties of their respective owners.