April, 2016

BlackBerry IR Summary

BlackBerry Public investorinfo@blackberry.com

BlackBerry 1 1

Forward-looking statements in this presentation are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "expect", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry Limited in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of BlackBerry'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 BlackBerry's forward-looking statements. BlackBerry 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, except as required by law. BlackBerry and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services

Safe Harbor

BlackBerry 2 2

Our Vis ion A securely connected world

Our Mission To be the world’s trusted and leading provider of technology platforms for secure connectivity

Our Value Proposition We deliver the most secure end-to-end mobility solutions to connect you to the ‘things’ and

people you need

BlackBerry 3 3

A Diffe rentia ted Mobile Computing Experience

Secure Hardware PRIV, Passport, Classic, etc.

Secure OS BlackBerry 10

Secure Software BlackBerry DTEK

Secure Network BlackBerry Infrastructure

Secure Management BES12

Secure Ins tant Messaging BBM Protected, AtHoc

Secure Text SecuSUITE

Secure File Sharing WatchDox

Secure Voice SecuSUITE

Secure Applica tion Management Good

BlackBerry 4 4

Se rving The Entire Marke t Taking our value proposition cross-platform

BBM cross-platform

Amazon App Store on BB10

Cross-platform EMM

Android for Work CHACE

BTS / IoT WorkLife WatchDox AtHoc

Samsung Partnership to

manage Samsung devices Good

BlackBerry 5

Connected ‘Things’ Expanding beyond mobile to a world of endpoints

Mobile Workforce

‘Things’

Information/Analytics

Ent

erpr

ise

BB

M

Dev

ices

Internet of Things Platform

Mobile Applications

Tech

nolo

gy

Sol

utio

ns

Productivity Applications

Security +

Leading Patent Portfolio

BlackBerry 6 6

BlackBerry Technology Solutions Technology licensing engine Addressing the global market for secure, reliable communications and embedded applications

Global, Scalable, Secure

Premier Mission-Critical

Embedded Software

ECC & Crypto Solution

Specialist

Cross-Functional Innovation

Leader in RF Antenna Tuning

~40,000 Patents

IEEE rank = 6

BlackBerry IoT Platform QNX Certicom Paratek IPR

BlackBerry 7 7

The BlackBerry IoT Pla tform Combines multiple BlackBerry assets to create solutions that manage and secure devices on the edge of the network

Application Modules

Platform Foundation

BlackBerry infrastructure

Developer

Consumer

OEM

Service

Fleet owner

Dealership

Permissions Analytics Storage Security

Business logic

Data collection

Lifecycle management

Device management

Federated identity

BlackBerry 8 8

Our Management Team

Billy Ho EVP, Enterprise Products and VAS

Steve E. Zipperstein Chief Legal Officer

Carl Wiese President, Global Sales

Nita White-Ivy EVP, Human Resources

James Yersh Chief Financial Officer

Ron Louks President, Devices and Emerging Solutions

Marty Beard Chief Operating Officer

Sandeep Chennakeshu President, Technology Solutions

John Chen Chief Executive Officer and Executive Chair

James Mackey EVP, Corporate Development and Strategic Planning

Guy Miasnik President, AtHoc

BlackBerry 9 9

Financia l Highlights • Expect positive free cash flow and positive EBITDA to continue through FY2017

>45% reduction in non-GAAP OpEx from Q1-15 to Q4-16

Narrowing loss during transformation of business

Cash flow improved, stable Cash & Equivalents balance

($200)

($100)

$0

$100

$200

$300

$400

$500

$0

$100

$200

$300

$400

$500

$600

Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16

Non-GAAP OpEx Non-GAAP Gross Margin

Non-GAAP Operating Margin

($0.50)($0.40)($0.30)($0.20)($0.10)$0.00$0.10$0.20$0.30$0.40$0.50

$0

$200

$400

$600

$800

$1,000

$1,200

Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16

Non-GAAP Revenue Non-GAAP Earning/(Loss)

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16

Cash, Cash Equivalents, and Investments

BlackBerry 10 10

• Q4-16 Software and Services Revenue $153m, up 106% year on year

• FY2016 Software and Services Revenue $527m, up 113% year on year

• Q4-16 Total Revenue $487m

• FY2016 Total Revenue $2,193m, down 34% year on year, from decline in Hardware and expected decline in SAF

Non-GAAP Revenue Details

$393 $433 $370

$284 $269 $206 $221 $191

$518 $421

$365

$301 $252

$211 $173 $143

$54 $62

$57

$74 $138

$74 $162 $153

$966 $916

$793

$660 $658

$491 $557

$486

-

200

400

600

800

1,000

1,200

Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16

Reve

nue

(Mill

ions

)

Hardware & Other Service Access Fee Software & Services Total Non-GAAP Revenue

BlackBerry 11 11

-$800

-$600

-$400

-$200

$0

$200

$400

$600

$800

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16

Free

Cas

h Fl

ow $

mill

ions

Bala

nces

$m

illio

ns

Cash & Cash Equivalents Short-term Investments

Long-term Investments & Restricted Cash Free Cash Flow

• Cash balance of $2.62B, including the impact of stock buyback

• 8th consecutive quarter of positive free cash flow ($6M in Q4 FY16)

Financial Discipline $3,071

$3,192

$2,658

$3,087 $3,098 $3,110 $3,266 $3,316 $3,353

$2,706 $2,624 $2,569

Financials

BlackBerry 13 13

GAAP Income Sta tement GAAP Income Statement (Three Months Ended) FY 2014 Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

Software & Services 235$ 54$ 62$ 57$ 74$ 247$ 138$ 73$ 154$ 130$ 494$ Hardware 3,785 378 418 361 274 1,432 263 201 214 190 869Service Access Fee 2,698 518 421 365 301 1,606 252 211 173 143 779Other 95 15 15 9 11 50 5 5 7 1 19

Total GAAP Revenue 6,813 966 916 793 660 3,335 658 490 548 464 2,160

Cost of Sales 4,458 502 491 365 311 1,669 329 301 304 252 1,186Inventory Write Down 1,616 23 7 24 41 95 21 4 9 2 36Supply Commitment Charges (recovery) 782 (10) (7) (6) (10) (33) (2) 0 (1) 0 (3)

Total Cost of Sales 6,856 515 491 383 342 1,731 348 305 312 254 1,219Gross Profit (43) 451 425 410 318 1,604 310 185 236 210 941

Research & Development 1,286 237 186 154 134 711 139 122 100 108 469Selling, Marketing and Admin 2,103 400 195 171 138 904 173 186 175 179 713Amortization 606 81 75 74 68 298 65 67 68 77 277Abandonment/impairment of long-lived assets 2,748 0 0 0 34 34 1 5 2 127 135Debentures Fair Value Adjustment 377 (287) 167 150 50 80 (157) (228) (5) (40) (430)Total Operating Expenses 7,120 431 623 549 424 2,027 221 152 340 451 1,164

GAAP Operating Income (Loss) (7,163) 20 (198) (139) (106) (423) 89 33 (104) (241) (223)

Investment Income (Loss), Net (21) (26) (20) (21) 105 38 (16) (12) (16) (15) (59)Income (Loss) before Income Taxes (7,184) (6) (218) (160) (1) (385) 73 21 (120) (256) (282)

Income Taxes (Recovery) (1,311) (29) (11) (12) (29) (81) 5 (30) (31) (18) (74)GAAP Net Income (Loss) (5,873)$ 23$ (207)$ (148)$ 28$ (304)$ 68$ 51$ (89)$ (238)$ (208)$

Earning (Loss) per Share Basic (11.18)$ 0.04$ (0.39)$ (0.28)$ 0.05$ (0.58)$ 0.13$ 0.10$ (0.17)$ (0.45)$ (0.40)$

Weighted-average number of common shares outstanding (000's)Basic 526,374 526,742 527,218 528,090 528,685 527,684 529,235 526,314 525,103 524,627 526,303Diluted 526,374 658,228 527,218 528,090 543,556 527,684 670,539 667,321 525,103 524,627 651,303

BlackBerry 14 14

Non-GAAP Reconcilia tion Non-GAAP Adjustments (Pre-Tax) Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

Rockstar Sale Adjustment -$ -$ -$ (115)$ (115)$ -$ -$ -$ -$ -$ Debentures Fair Value Adjustment (287) 167 150 50 80 (157) (228) (5) (40) (430) CORE Program Changes 226 33 5 58 322 9 6 (6) 2 11 RAP Changes - - - - - 52 79 33 180 344 Software Deferred Revenue Acquired - - - - - - 1 9 23 33 Stock Compensation Expense 13 8 14 14 49 14 14 14 17 59 Acquired Intangible Amortization 9 10 10 9 38 9 11 18 28 66 Business Acquisition Costs - - 2 1 3 1 - 11 10 22 Total Non-GAAP Adjustment (Pre-Tax) (39)$ 218$ 181$ 17$ 377$ (72)$ (117)$ 74$ 220$ 105$

Non-GAAP Adjustments (After-Tax) Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

Rockstar Sale Adjustment -$ -$ -$ (115)$ (115)$ -$ -$ -$ -$ -$ Debentures Fair Value Adjustment (287) 167 150 50 80 (157) (228) (5) (40) (430) CORE Program Changes 204 29 4 57 294 9 6 (6) 2 11 RAP Changes - - - - - 52 79 33 180 344 Software Deferred Revenue Acquired - - - - - - 1 9 23 33 Stock Compensation Expense 13 8 14 14 49 14 14 14 17 59 Acquired Intangible Amortization 9 10 10 9 38 9 11 18 28 66 Business Acquisition Costs - - 2 1 3 1 - 11 10 22 Total Non-GAAP Adjustment (After-Tax) (61)$ 214$ 180$ 16$ 349$ (72)$ (117)$ 74$ 220$ 105$

GAAP to non-GAAP Gross Profit Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

GAAP Revenue 966$ 916$ 793$ 660$ 3,335$ 658$ 490$ 548$ 464$ 2,160$ Software Deferred Revenue Acquired - - - - - - 1 9 23 33

Non-GAAP Revenue 966 916 793 660 3,335 658 491 557 487 2,193

GAAP Cost of Sales 515 491 383 342 1,731 348 305 312 254 1,219 Non-GAAP Adjustments to Cost of Sales (13) (10) - (2) (25) (21) (15) (5) (4) (45)

Non-GAAP Cost of Sales 502 481 383 340 1,706 327 290 307 250 1,174

Non-GAAP Gross Profit 464 435 410 320 1,629 331 201 250 237 1,019

BlackBerry 15 15

Non-GAAP Reconcilia tion Cont.’ Adjusted EBITDA Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

GAAP Operating Income (Loss) 20$ (198)$ (139)$ (106)$ (423)$ 89$ 33$ (104)$ (241)$ (223)$ Non-GAAP Adjustments to Operating Income (39) 218 181 132 492 (72) (117) 74 220 105

Non-GAAP Operating Income (19) 20 42 26 69 17 (84) (30) (21) (118)

Amortization 191 171 170 162 694 164 163 162 127 616 Acquired Amotization Intangibles (9) (10) (10) (9) (38) (9) (11) (18) (28) (66)

Adjusted EBITDA 163 181 202 179 725 172 68 114 78 432

Non-GAAP Net Income Reconciliation Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

GAAP Net Income (Loss) 23$ (207)$ (148)$ 28$ (304)$ 68$ 51$ (89)$ (238)$ (208)$ Total Non-GAAP Adjustment (After-Tax) (61) 214 180 16 349 (72) (117) 74 220 105

Non-GAAP Net Income (Loss) (37) 7 32 44 46 (5) (65) (15) (18) (103)

Non-GAAP Basic Earning (Loss) per Share (0.07)$ 0.01$ 0.06$ 0.08$ 0.09$ (0.01)$ (0.12)$ (0.03)$ (0.03)$ (0.20)$ Weighted-average Shares Outstanding 000's 526,742 527,218 528,090 528,685 527,684 529,235 526,314 525,103 524,627 526,303

Non-GAAP Revenue, non-GAAP Loss Before Income Taxes, non-GAAP Net Loss, non-GAAP Gross Profit, Adjusted EBITDA, and non-GAAP Lost Per Share do not havea standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company's operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, orsuperior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company's filings on SEDAR and EDGAR.The company makes no commitment to update the information above subsequently.

BlackBerry 16 16

Amortiza tion and Reconcilia tion Deta ils CORE Charges Details (Pre-Tax) Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

Cost of Sales 12$ 10$ -$ 1$ 23$ -$ -$ -$ -$ -$ Research and Development 41 19 4 6 70 2 - - - 2 Selling, General and Administration 173 4 1 51 229 7 6 (6) 2 9 Total CORE Charges (Pre-Tax) 226$ 33$ 5$ 58$ 322$ 9$ 6$ (6)$ 2$ 11$

RAP Charges Details (Pre-Tax) Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

Cost of Sales -$ -$ -$ -$ -$ 21$ 14$ 5$ 4$ 44$ Research and Development - - - - - 13 14 2 18 47 Selling, General and Administration - - - - - 18 51 26 158 253 Total RAP Charges (Pre-Tax) -$ -$ -$ -$ -$ 52$ 79$ 33$ 180$ 344$

Amortization of Intangibles and PP&E Details Q1-15 Q2-15 Q3-15 Q4-15 FY 2015 Q1-16 Q2-16 Q3-16 Q4-16 FY 2016

In Cost of SalesProperty, Plan and Equipment 27$ 16$ 14$ 16$ 73$ 16$ 10$ 13$ 12$ 51$ Intangibles Assets 83 80 82 78 323 83 86 81 38 288

Total in Cost of Sales 110 96 96 94 396 99 96 94 50 339

In Operating ExpensesProperty, Plan and Equipment 33$ 28$ 27$ 23$ 111$ 20$ 22$ 16$ 15$ 73$ Intangibles Assets 48 47 47 45 187 45 45 52 62 204

Total in Operating Expenses 81 75 74 68 298 65 67 68 77 277

Total AmortizationProperty, Plan and Equipment 60$ 44$ 41$ 39$ 184$ 36$ 32$ 29$ 27$ 124$ Intangibles Assets 131 127 129 123 510 128 131 133 100 492

Total Amortization 191 171 170 162 694 164 163 162 127 616

Non-GAAP Revenue, non-GAAP Loss Before Income Taxes, non-GAAP Net Loss, non-GAAP Gross Profit, Adjusted EBITDA, and non-GAAP Lost Per Share do not havea standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company's operating results relative to its operating results in prior periods and improves the comparability of the information presented. This non-GAAP information should not be considered as a substitute for, orsuperior to, measures of financial performance prepared in accordance with GAAP. You are encouraged to review the Company's filings on SEDAR and EDGAR.The company makes no commitment to update the information above subsequently.

BlackBerry 17 17

BlackBerry’s stock has outperformed publicly traded EMM competition since Jan 2015

BlackBerry Stock