Forward - looking statements are based on estimates and assumptions made by BlackBerry 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, including but not limited to the launch timing and success of products based on the BlackBerry 10 platform, general economic conditions, product pricing
levels and competitive intensity, supply constraints, BlackBerry's expectations regarding its business, strategy, opportunities and prospects, including its ability to implement meaningful changes to address its business
challenges, and BlackBerry's expectations regarding the cash flow generation of its business.