RIM Provides Status Update - Growth

Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) today provides this status update pursuant to the alternative information guidelines of the Ontario Securities Commission (OSC).

These guidelines contemplate that the Company will normally provide bi-weekly updates on its affairs until such time as the Company is current with its filing obligations under Canadian securities laws. RIM today announced its preliminary operating results for the third quarter of fiscal 2007 in a separate press release.

The Company's management-initiated, voluntary review of stock option grants is ongoing. 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 announced today, or to current or future financial years' operating results as a result of the restatement.

As previously disclosed, the review of the Company's historical stock option practices has not yet been concluded and the Company therefore notified the OSC that it would not be in a position to file its restated historical financial statements or its financial statements for the second quarter of fiscal 2007 on or before December 17, 2006. As a result, pursuant to the management cease trade order issued by the OSC on November 7, 2006, RIM provided an update to the OSC on December 18, 2006 with respect to the status of the Company's continuous disclosure obligations. Following submissions from the Company and staff of the OSC, the OSC (by order dated December 18, 2006) continued the management cease trade order in accordance with its terms, provided that the Company report to the OSC on the status of its continuous disclosure obligations if the OSC has not received all necessary Company filings by March 5, 2007.

The Company expects to file its financial statements for the second and third quarters of fiscal 2007 and its restated historical financial statements prior to its fiscal year end of March 3, 2007. In order to provide as much information to shareholders as possible prior to the Company's financial statement and MD&A filings and while its management-initiated, voluntary review is ongoing, the Company also intends (on or prior to January 16, 2007) to disclose additional financial information beyond the information reported in the announcements of the preliminary operating results for the second and third quarters of fiscal 2007, including a narrative explanation of the Company's performance during those quarters.

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