<SUBMISSION>
<ACCESSION-NUMBER>0001070235-07-000009
<TYPE>6-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20070308
<FILING-DATE>20070308
<DATE-OF-FILING-DATE-CHANGE>20070308
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>RESEARCH IN MOTION LTD
<CIK>0001070235
<ASSIGNED-SIC>3661
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>0228
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>6-K
<ACT>34
<FILE-NUMBER>000-29898
<FILM-NUMBER>07681584
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>295 PHILLIP ST
<STREET2>WATERLOO
<CITY>ONTARIO CANADA
<STATE>A6
<ZIP>00000
<PHONE>5198887465
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>295 PHILLIP STREET
<STREET2>WATERLOO, ONTARIO N2L 3W8
<CITY>ONTARIO
<STATE>A6
<ZIP>N2L 3W8
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pr030807.htm
<DESCRIPTION>PR030807
<TEXT>
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     <!-- Control Number: PR030807                                                         -->
     <!-- Rev Number:     001                                                              -->
     <!-- Client Name:    Investor Relations                                               -->
     <!-- Project Name:   PR030807                                                         -->
     <!-- Firm Name:      Research In Motion                                               -->
     <TITLE>PR030807</TITLE>
</HEAD>
<BODY>










<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><div align="center"><font face="Times New Roman, Times, Serif" size=2><u><b>FORM
  6-K</b></u></font><BR><A NAME=A003></A></div><P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES
AND EXCHANGE COMMISSION </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Report of Foreign
Private Issuer </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Rule 13a-16
or 15d-16 of </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the Securities Exchange Act
of 1934 </FONT></P>
<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>
<p>&nbsp;</p>
<table width="600" border="0">
  <tr>
    <td width="230">For the month of</td>
    <td width="236"><b>March</b>
      <hr>
    </td>
    <td width="112"><b>2007</b>
      <hr>
    </td>
  </tr>
  <tr>
    <td width="230"><font face="Times New Roman, Times, Serif" size=2>Commission
      File Number</font></td>
    <td width="236"><b><font face="Times New Roman, Times, Serif" size=2>000-29898
      </font></b>
      <hr>
      <b><font face="Times New Roman, Times, Serif" size=2> </font></b></td>
    <td width="112">
      &nbsp;<hr>
    </td>
  </tr>
  <tr>
    <td colspan="3">
      <div align="center"> <font face="Times New Roman, Times, Serif" size=3><b>Research
        In Motion Limited</b> </font>
        <hr>
        (Translation of registrant&#146;s name into English)</div>
    </td>
  </tr>
  <tr>
    <td colspan="3">
      <div align="center">295 Phillip Street, <br>
        Waterloo, Ontario, Canada <br>
        N2L 3W8 </div>
    </td>
  </tr>
  <tr>
    <td colspan="3">
      <div align="center"><font face="Times New Roman, Times, Serif" size=2>(Address
        of principal executive offices) </font></div>
    </td>
  </tr>
</table>

<P>&nbsp;</P>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40F.  </FONT></TD></TR>
</TABLE>
<div align="center"><BR>
  <table width="427" border="0">
    <tr>
      <td width="200"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form 20-F
        ___________</font></td>
      <td width="217"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form 40-F_____<u>X</u>_______</font></td>
    </tr>
  </table>
  <!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
</div>
<br>
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark         if the registrant is submitting the Form&nbsp;6-K in paper as
permitted         by Regulation&nbsp;S-T Rule&nbsp;101(b)(1):________________  </FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark if   the registrant is submitting the Form&nbsp;6-K in paper as permitted
by Regulation&nbsp;S-T   Rule&nbsp;101(b)(7):________________  </FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.  </FONT></TD></TR>
</TABLE>
<div align="center"><BR>
  <table width="441" border="0">
    <tr>
      <td> <FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yes__________________</font></td>
      <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No________<u>X</u>__________</font></td>
    </tr>
  </table>
  <br>
  <!-- MARKER FORMAT-SHEET="Para Indent 0" FSL="Project" -->
</div>
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
"Yes" is marked, indicate below the file number assigned to the registrant   in
connection with Rule 12g3-2(b) : 82-_______________  </FONT></TD></TR>
</TABLE>
<BR>

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<TD>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>DOCUMENT INDEX </FONT></H1>
<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>
<!-- MARKER FORMAT-SHEET="Head Sub 1 Left" FSL="Default" -->
<A NAME=A011></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;
  .</I> </FONT></P>

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               <TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
                    <TR VALIGN=TOP>

    <TD ALIGN=RIGHT WIDTH=8%>
      <div align="center">
        <p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Document</FONT></p>
        <p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></p><BR>
 </div>
    </TD>

    <TD ALIGN=LEFT WIDTH=81%>
      <p>&nbsp;</p>
      <p><FONT FACE="Times New Roman, Times, Serif" SIZE=2>News Release dated March 5, 2007
 (&#147;RIM Provides Status Update and Reports on Results of Internal Review of Stock Option Grants by Special Committee&quot;)</FONT></p>


    </TD>

    <TD WIDTH=11%>
      <P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Page
        No</FONT></P>
      <P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>14 </FONT></P><BR>


    </TD>
                    </TR>
                    </TABLE>
                    <BR>


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<HR SIZE=5 COLOR=GRAY NOSHADE>
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Document 1 </FONT></P>
<HR SIZE=5 COLOR=GRAY NOSHADE>




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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>March 5, 2007 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>RIM PROVIDES STATUS
UPDATE AND REPORTS ON RESULTS OF INTERNAL REVIEW OF STOCK OPTION GRANTS BY SPECIAL
COMMITTEE </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Waterloo, Ontario &#150; Research In
Motion Limited (&#147;RIM&#148; or the &#147;Company&#148;) (Nasdaq: RIMM; TSX: RIM) today
provides this status update pursuant to the alternative information guidelines of the
Ontario Securities Commission (the &#147;OSC&#148;). 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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>RIM announced today the results of
the voluntary internal review (the &#147;Review&#148;) undertaken by the Company of its
stock option granting practices and related accounting. The Review was commenced under the
direction of the Audit Committee of RIM&#146;s Board of Directors, at the initiative of
Dennis Kavelman, the Company&#146;s Chief Financial Officer, with the support of Jim
Balsillie, the co-Chief Executive Officer of the Company, and the executive management
team amidst the heightened public awareness and concern regarding stock option granting
practices by publicly-traded companies. Following the recusal of two Audit Committee
members who also served on the Compensation Committee, the Review was completed by the
other members of the Audit Committee, Jim Estill and John Richardson, as a special
committee of independent directors of the Board of Directors (the &#147;Special
Committee&#148;). Any references to actions by the Special Committee prior to January 16,
2007 are to the Audit Committee. The Special Committee was assisted in the Review by
outside legal counsel and outside accounting advisors in both Canada and the United
States. Certain of the investigative actions by the Special Committee described in this
update were carried out by the outside legal counsel or outside accounting advisors under
the direction of the Special Committee. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Background of the Review </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Audit Committee commenced the
Review on August 8, 2006. The Company promptly informed its external auditors, Ernst &amp;
Young LLP (&#147;E&amp;Y&#148;), of the Review and has kept E&amp;Y informed as the Review
has progressed. On September 28, 2006, the Company publicly announced that the Audit
Committee had made a preliminary determination that, under U.S. generally accepted
accounting principles (&#147;GAAP&#148;), pursuant to which RIM has been preparing its
financial statements since fiscal 2004 (prior to which time RIM prepared its primary
financial statements in accordance with Canadian GAAP &#150; together with a U.S. GAAP
reconciliation note following its U.S. listing in 1999), accounting errors were made in
connection with the administration of certain stock options granted since RIM&#146;s
initial public offering in 1997 and that a restatement (the &#147;Restatement&#148;) of
the Company&#146;s historical financial statements would therefore be required. At that
time, the Company also announced that it had voluntarily informed the United States
Securities and Exchange Commission (the &#147;SEC&#148;) and the OSC about the Review. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Following this self-reporting, the
SEC commenced an informal inquiry. On October 13, 2006, in accordance with applicable
Canadian securities laws, RIM contacted the OSC on behalf of all Canadian securities
regulators and requested that the OSC issue a management cease trade order (the
&#147;MCTO&#148;) prohibiting trading in RIM&#146;s securities by its senior officers,
directors and other insiders (who were already subject to a RIM-initiated trading
blackout) as a result of RIM&#146;s inability to file its financial statements for the
second quarter of fiscal 2007. The MCTO, which was issued on November 7, 2006, continues
to be in force. On November 8, 2006, the OSC publicly stated that it was conducting an
investigation into stock option grants made by RIM. The Company has had communications
with the staff of each of the SEC and the OSC concerning the Review. The Company intends
to continue to cooperate with the OSC and SEC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In its September 28, 2006 release,
RIM had estimated, based on information available to it at that time, that the non-cash
charge associated with past option grants would be approximately US$25-45 million,
although the Review was continuing. On October 13, 2006, the Company publicly announced
that, subsequent to its September 28, 2006 announcement, in connection with the Review the
Company identified an additional error in the Company&#146;s application of U.S. GAAP for
stock options that would require a further adjustment to its historical financial
statements. This additional error stemmed from the application of U.S. GAAP accounting
rules to a &#147;net settlement&#148; feature that existed in RIM&#146;s stock option plan
prior to February 2002, which is discussed below under &#147;Restatement&#148;. RIM noted
on October 13, 2006 that the net effect of variable accounting resulting from this
additional error would be to substantially increase the amount of RIM&#146;s September
28<SUP>th</SUP> estimate of non-cash charges associated with past option grants and
thereby reduce the amount of RIM&#146;s previously reported U.S. GAAP earnings over the
periods to be restated. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Scope of the Review </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Special Committee reviewed the
facts and circumstances surrounding the 3,231 grants of stock options to acquire common
shares that were made between December 1996 and August 2006 to 2,034 employees and
RIM&#146;s directors. The Special Committee reviewed more than 700,000 electronic and
paper documents. The Special Committee also reviewed stock based awards granted prior to
the adoption of the Company&#146;s December 4, 1996 stock option plan. The Special
Committee conducted interviews of all current board members, members of senior management
and certain other RIM employees and former employees identified as being involved in the
options granting process or who were otherwise relevant to the Review. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>While the Special Committee&#146;s
review of stock option granting practices is now complete, the Special Committee and its
advisors, together with the Company and the Company&#146;s external auditors, continue to
do the work necessary to determine the accounting impact resulting from the Special
Committee&#146;s findings and to complete the Restatement, as described below under
&#147;Restatement&#148;. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Grants </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The 3,231 stock option grants made
between December 1996 and August 2006 can be broadly classified as grants to new employees
or to former co-op students who re-joined RIM after completing university (&#147;New Hire
Grants&#148;), and periodic awards to existing employees and directors, including grants
awarded to employees following a promotion to a more senior position (&#147;Periodic
Grants&#148;). Under U.S. GAAP, all options granted prior to February 27, 2002, were
accounted for incorrectly as the Company failed to apply variable accounting for the
awards as a result of the net settlement feature of its stock option plan as discussed
more fully below under Restatement. From February 28, 2002 to August 2006, incorrect
measurement dates for accounting purposes have been identified for approximately 321
grants in respect of options to acquire 4,581,000 common shares. This represents
approximately 63% of the grants made by the Company after February 28, 2002. The nature of
the measurement date errors are more fully discussed below under &#147;Errors
Identified&#148; and &#147;Restatement&#148;. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Option Granting Process </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Since after its initial public
offering in 1997, RIM has publicly reported that stock options were granted upon the
approval of the Board or the Compensation Committee. Over the same period, RIM has also
publicly reported that options were granted at an exercise price not less than the market
price of the shares on the date immediately prior to the grant of the option. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Review revealed that until after
the commencement of the Review in August 2006, all stock option grants, except grants to
RIM&#146;s co-CEOs, were made by or under the authority of co-CEO Jim Balsillie or his
delegate in accordance with an apparent delegation of such authority by RIM&#146;s Board.
For a number of years after the Company&#146;s initial public offering in 1997, Mr.
Balsillie was directly involved in approving grants, including grants that have been found
to have been accounted for incorrectly. Mr. Balsillie&#146;s direct involvement in
approving grants diminished over time, as more responsibility for approving certain grants
was delegated, without explicit conditions or documentation, to the Company&#146;s Chief
Financial Officer, Dennis Kavelman, and to other employees. Mr. Kavelman and other, less
senior, personnel were also involved in the granting of options that have been found to
have been accounted for incorrectly. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr.
          Balsillie advised the Special Committee that option grants were made to attract
          and retain skilled personnel to a rapidly growing technology company in an
          intensely competitive environment, and the informality of the option granting
          process was, in part, a reflection of the stage of development of the Company
          and the rapid growth occurring within the organization at the time. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Co-CEO, Mike Lazaridis, and COOs, Don
Morrison and Larry Conlee, also had a role in the granting of options, which in the case
of the COOs was limited to their direct report employees. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Grants to the co-CEOs were approved
by RIM&#146;s Compensation Committee or the Board. After March 2003, the Compensation
Committee also reviewed compensation payable to the COOs and the CFO, including option
grants. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Some New Hire Grants and the majority
of Periodic Grants were accounted for using an incorrect measurement date, with the result
that the exercise price of the option was less than the fair market value as of the date
when all the events necessary to make the grant were complete. In many instances,
including in connection with some option grants to the co-CEOs, COOs and the CFO (the
&#147;C-level officers&#148;), hindsight was used to select grant dates with favorable
pricing on grants, resulting in grantees receiving an in-the-money benefit that was not
recorded in the financial statements as stock-based compensation. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A number of individuals interviewed
by the Special Committee who were involved in the granting of options at the Company,
including Mr. Balsillie and Mr. Kavelman, reported that at the time they had a general
understanding that options could be granted at a chosen date within the applicable period
for reporting options grants to relevant Canadian regulatory agencies. Their understanding
was incorrect. Prior to December 14, 1999, Canadian insider reporting rules required
insiders to report option grants within 10 days after the end of the month in which the
grant was made; following December 14, 1999, insiders were required to report within 10
days of the grant. Under the rules of the Toronto Stock Exchange, RIM was required to
report all option grants within 10 days after the end of the month in which the grant was
made for all employees. (Note: as a &#147;foreign private issuer&#148; under U.S.
securities laws, RIM is not subject to U.S. insider reporting rules). </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In some cases, contemporaneous
documentation or other action evidencing the grant date or the completion of the granting
process with respect to particular options does not exist in a manner that would enable
the Company to determine that the measurement date for accounting purposes was the same as
the recorded grant date for an option, thereby requiring the Company to determine the
measurement date based on the most objective evidence that is available. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Special Committee determined that
the Company failed to maintain adequate internal and accounting controls with respect to
the issuance of options in compliance with the Company&#146;s stock option plan, both in
terms of how options were granted and documented, and the measurement date used to account
for certain option grants. The grant process was characterized by informality and a lack
of definitive documentation, and lacked safeguards to ensure compliance with applicable
accounting, regulatory and disclosure rules. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Errors Identified </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Special Committee did not find
intentional misconduct on the part of any director, officer or employee responsible for
the administration of the Company&#146;s stock option grant program. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>From December 1996 to August 2006,
RIM made approximately 1,500 New Hire Grants and approximately 1,700 Periodic Award
Grants. The Special Committee found that the majority of the New Hire Grants were priced
and granted as of the employment start date and raise no dating issues. However, as noted
above, the Review identified dating issues with respect to a majority of the Periodic
Award grants. The accounting errors can be categorized as follows: </FONT></P>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
grants to new hires;<BR><BR></FONT></TD></TR>


<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>grants on promotion;<BR><BR></FONT></TD></TR>


<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>group grants;<BR><BR></FONT></TD></TR>


<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>periodic grants; and<BR><BR></FONT></TD></TR>


<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>other matters.<BR><BR></FONT></TD></TR></TABLE>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Grants to New Hires</I> &#151;
From the inception of the Company&#146;s stock option plan in December 1996 to August
2006, it was common practice for the Company to include stock options in certain
prospective employees&#146; offers for employment. The Company was, however, inconsistent
in its approach to selecting dates that determine the exercise price of the options. The
majority of employee offer letters provided for the employee to receive a set number of
options at a grant price equal to the closing price of the Company&#146;s shares on the
day prior to their start date. In some instances, however, the offer letter provided for
pricing based on a date prior to the employee&#146;s start date (e.g., the date the
prospective employee accepted the offer of employment or at a price representing a low
trading price between the date of the offer letter or acceptance and the start date).
Under U.S. GAAP, generally it will not be possible to have a measurement date for
accounting purposes prior to the date the employee begins rendering services in exchange
for the award. For the purposes of the Restatement, the Company has interpreted this to
mean the date the employee was included as an employee on the Company&#146;s payroll. In
other instances, the Company contracted with the employee to grant options on commencement
of employment as set out in the terms of the offer letter, but the options were modified
subsequent to commencement of employment to provide the employee with better pricing. In
these instances, the Company has treated the subsequent reduction of the exercise price as
a modification and has applied variable accounting to the award. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Grants on Promotion</I> &#151; The
Company has the practice of awarding options to individuals who are promoted to certain
senior management levels. The Company often granted options based on the price on the
effective promotion date; however, the terms of the award and the approval of the award
were often not determined until after the effective promotion date. In other instances,
the Company selected a grant date prior to the approval date for several employees who
received promotions around the same date. In these instances, the Company has determined
that the measurement date is the approval date and has calculated an intrinsic value based
on the difference between the exercise price of the option and the value of the RIM shares
on the approval date. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Group Grants</I> &#151; A group
grant is a grant that is made to an entire department or departments. Group grants were
occasionally granted to reward performance or to aid retention in instances when
outstanding options for employees contained exercise prices significantly higher than the
trading price of the Company&#146;s shares. In certain group grants, the grant date used
was a date before the specific individuals eligible to receive those awards were
determined with finality. In many instances, the share price increased between the date
the preliminary group grants were established and the date the listing was finalized. In
other cases, the listing was reviewed and changes were made to the number of options and
the individuals eligible for awards subsequent to the established grant date. For certain
group grants, although the terms of the awards granted to the majority of individuals in
the pool were fixed, for a small number of individuals, changes were made to their awards.
The measurement dates for group grants have been assessed on a group grant by group grant
basis to determine the appropriate measurement dates. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Periodic Awards</I> &#150; In
certain instances, the Company established the grant date of awards with reference to a
historical or future low price in a month or in a range of dates. For awards where the
exercise price was set by reference to an earlier date, the Company has determined,
primarily through contemporaneous email documentation, the appropriate date at which all
of the terms were finalized, approved and agreed upon. That date is deemed to be the
measurement date. For awards where the exercise price is set by reference to a future
market price, the Company has determined the measurement date at which the terms of the
award were approved with finality. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Other Matters</I> &#151; In
limited instances, the Company repriced options subsequent to the option grant as the
stock price decreased. In many instances, options were granted prior to finalizing the
awards. These instances include items such as (1) establishing a grant date prior to final
approval, (2) establishing a grant date prior to required approval by the shareholders to
increase the size of the option pool, and (3) establishing the grant date prior to Board
or Compensation Committee approval for grants to the CEOs. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In some instances where options were
dated using favorable historical pricing, the grant date selected preceded a run-up in the
Company&#146;s share price. While this may have created the impression that some grants
were &#147;spring-loaded&#148; (a grant made prior to and with knowledge of facts likely
to cause an increase in the stock price), the Review did not reveal any evidence that the
Company engaged in &#147;spring-loading&#148;. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As a result of the Review, the
Special Committee has concluded that incorrect measurement dates were used for financial
accounting purposes under U.S. GAAP for certain stock option grants made in prior periods
and has, with the assistance of its outside accounting advisors, worked to determine,
based on the available evidence, the appropriate measurement dates for each affected
grant. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Impact </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The practices identified above
benefited employees across all levels at RIM. However, by virtue of options granted over a
larger number of common shares to more senior employees, such employees received a greater
individual benefit from the Company&#146;s options granting practices. Each of the
Company&#146;s C-level officers and certain other officers of the Company received
in-the-money benefits from options grants that were effectively made at less than fair
market value as of the date the granting process was complete. The review as to the
in-the-money benefits received from the Company&#146;s options granting practices by the
Company&#146;s officers and directors is ongoing, and such information will be disclosed
in RIM&#146;s amended public filings. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Certain of the Company&#146;s outside
Directors also received an in-the-money benefit from the Company&#146;s options granting
practices. Such amounts currently appear to be immaterial. As the selection of grant dates
used on grants made to outside directors was not apparent to those directors, they were
unaware that they were receiving grants with dating issues. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>RESTATEMENT </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company had originally
anticipated updating its filings with the Canadian securities regulatory authorities and
the 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&#146;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 make such 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 OSC pursuant to the MCTO. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Special Committee Review
identified three major classes of accounting errors being (1) the misapplication of U.S.
GAAP as it relates to a &#147;net settlement&#148; feature contained in the Company&#146;s
option plan until February 27, 2002, (2) the accounting for certain share awards granted
prior to the adoption of the Company&#146;s stock option plan, and (3) the misapplication
of the determination of an accounting measurement date for options issued subsequent to
the elimination of the &#147;net settlement&#148; feature. As a result, a restatement of
RIM&#146;s historical financial statements will be required. Each of these are errors is
described below. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Variable
Accounting</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The variable accounting error stems
from a difference in the historical application of U.S. GAAP and Canadian GAAP relating to
a &#147;net settlement&#148; feature that existed in RIM&#146;s stock option plan prior to
February 27, 2002. Under this feature, instead of paying the exercise price in cash, the
employee could apply to receive a lesser number of RIM common shares equal in value to the
difference between the grant price and market price at the time of exercise multiplied by
the number of options exercised. This specific feature was eliminated from RIM&#146;s
stock option plan effective February 27, 2002. Prior to 2004, there were no accounting
implications relating to this feature under Canadian GAAP, which RIM used as its primary
GAAP at that time. However, under U.S. GAAP, RIM was required to apply variable accounting
for all stock options granted prior to February 27, 2002. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Variable accounting requires RIM to
recognize a non-cash compensation expense for all stock options, which includes (1) all
realized gains on exercise of stock options, and (2) an allocation of all unrealized gains
for unexercised stock options based on the stock&#146;s trading price at each reporting
period. The effect of this variable accounting error will be to increase the amount of
RIM&#146;s estimated non-cash charges associated with past option grants and thereby
reduce the amount of the Company&#146;s previously reported U.S. GAAP earnings. While the
re-audit of the Company&#146;s historical financial statements is not yet completed, the
Company currently estimates the pre tax impact of this error will be to increase stock
based compensation and decrease operating income for the period up to the end of fiscal
2003 by approximately US$220 million, and for each of the fiscal years ended 2004, 2005
and 2006 increase stock based compensation and decrease operating income by an amount of
less than US$5 million in each of those years. The Company currently does not anticipate a
material adjustment to the current or future financial years&#146; operating results as a
result of this error as the impact of variable accounting ceased in fiscal 2007 upon the
adoption of fair value accounting under Statement of Financial Accounting Standards
123(R). </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share-Based
Awards Granted Prior to the Stock Option Plan</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prior to the Company&#146;s IPO in
1997 and its adoption of the current stock option plan, the Company issued 444,000
restricted Class A Common Shares at a price of $0.05 per share pursuant to Employee Stock
Agreements and 1,306,000 options to acquire shares at an exercise price of $0.05 under an
Employee Stock Plan. The terms of both awards provided that employees could
&#147;put&#148; the shares back to the Company for book value while the Company was
private and for fair value when the Company became public. Due to the put feature, under
U.S. GAAP, the Company was required to account for these awards under variable accounting.
Upon adoption of its stock option plan, all previously unexercised options became part of
the plan including all of the terms and conditions. These awards continued to be accounted
for under variable accounting as they were subject to the net settlement feature as
described above. The Company currently estimates the impact of this error for the period
up to the end of fiscal 2003 will be approximately US$10 million and estimates the impact
of this error on fiscal periods 2004, 2005 and 2006 to be nil. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Misapplication
of the Determination of an Appropriate Accounting Measurement Date for Periods Subsequent
to February 27, 2002</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prior to fiscal 2007, the Company did
not record any stock based compensation amounts in its financial statements. As a result
of the Review, it has been determined that several errors occurred in the accounting for
options, including the fact that in many cases, the Company did not grant options with an
exercise price equal to the fair market value of the shares on the day of grant. The
nature of these errors has been described above under the section &#147;Errors
Identified&#148;. For grants issued subsequent to February 27, 2002, the Company has
undertaken a process to categorize, based on grant type and process, each grant awarded by
the Company. The Company is in the process of analyzing the evidence related to each
category of grants including but not limited to, electronic and physical documents, and
interviews. Based on the relevant facts and circumstances, the Company is applying the
accounting standards to determine, for every grant within each category, the appropriate
measurement date. Where the measurement date is not the originally assigned grant date, an
accounting adjustment is being calculated and an accounting entry will be booked to
account for stock-based compensation expenses and related tax effects. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect
of the Restatement</I> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The result of the Company&#146;s
Restatement will be to increase the amount of non-cash compensation expense associated
with past option grants and thereby reduce the amount of the Company&#146;s previously
reported U.S. GAAP earnings. The effect of this will be that RIM will restate its
historical annual financial statements for fiscal 2004, 2005 and 2006 and for the first
quarter of fiscal 2007 (the financial statements for the second and third quarters have
not yet been filed). While the exact amount of non-cash charges has not been finalized,
the Company currently expects that the potential effect of such Restatement, after
covering all of the accounting issues described above, will be to increase the non-cash
charges associated with past option grants and thereby reduce the amount of the
Company&#146;s previously reported GAAP earnings up to the end of fiscal 2006 by an
aggregate amount of approximately US$250 million during the period covered by the Review.
The historical volatility of RIM&#146;s share price, during the term of the Review,
significantly increased the aggregate, non-cash charge. The non-cash charge
resulting from the variable accounting errors described above represents approximately 95%
of the estimated non-cash charges associated with accounting errors and dating issues
identified to date during the Review, though it is important to note that a portion of the
non-cash charge associated with errors in the measurement date for stock options is
subsumed by the non-cash charge resulting from the variable accounting errors, as noted
above. In addition, the Company estimates that an adjustment of approximately US$8 million
will be required to increase the Company&#146;s tax expense related to the tax accounting
for deductible stock options. The Company currently does not anticipate a material
adjustment to the current or future financial years&#146; operating results as a result of
errors associated with the Company&#146;s stock option practices. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prior to fiscal 2004, Canadian GAAP
did not generally require accounting for stock-option based compensation arrangements with
employees as an expense. For fiscal years 2004 and 2005 (the last year the Company
reported under Canadian GAAP), the Company applied fair value accounting for stock options
granted or modified in those years as required by new accounting rules introduced under
Canadian GAAP. The Company has determined that the accounting impact of the errors in the
determination of measurement dates in 2004 and 2005 do not result in a material adjustment
to the Canadian GAAP financial statements and therefore, the Company does not currently
intend to restate the previously filed Canadian GAAP financial statements. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ACTIONS TAKEN AS A
RESULT OF THE REVIEW </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Board of Directors, based on the
recommendations of the Special Committee, has determined to implement the following
measures in response to the findings of the Special Committee: </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Benefits from Option
Grants </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All directors and all C-level
officers have agreed in respect of options that were incorrectly priced to return any
benefit on previously exercised options and to re-price unexercised options that were
incorrectly priced, in both cases to the price that should have been used. All
vice-presidents of the Company will be asked to agree to similar treatment for their
options that have dating issues, where these options were granted after the
employee&#146;s commencement of employment. For exercised options, the gain will be
recovered through a cash payment made by the respective director or officer, together with
interest. No options that are to be re-priced will be permitted to be exercised prior to
re-pricing. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Changes to RIM&#146;s
Stock Option Granting Practices </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In December 2006, the Board adopted
an interim option granting process, pending completion of the Review, whereby all stock
options (including stock options for new hires during a fiscal quarter) would be issued
and priced quarterly and approved in advance by the Compensation Committee or the
Board. The Compensation Committee and newly formed Oversight
Committee of the Board described below will review the interim option granting process in
light of evolving best practices and recommend to the Board any changes required as a
result of this review. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Changes to RIM&#146;s
Board of Directors, Board Committees and Organizational Structure </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company has grown dramatically
during the period covered by the Review, and the Special Committee has provided
recommendations to expand and enhance the Company&#146;s governance practices to address
issues identified during the Review and to better reflect the magnified size and
complexity of the Company&#146;s business today. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In accordance with the Special
Committee&#146;s recommendations and other considerations, the Board has decided to
establish a new Oversight Committee and to implement changes to the Company&#146;s Board,
Audit Committee, Compensation Committee, and Nominating Committee, and to change various
management roles: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
A new Oversight Committee of the Board will be established, comprised exclusively of
independent directors, whose mandate will include providing oversight into areas typically
under the responsibility of management. Among other things, the Oversight Committee will
examine executive compensation, the use of stock options as a compensation mechanism,
trading by insiders, hiring practices and a general review of activities within the
accounting and finance groups. The Oversight Committee will work cooperatively as
appropriate with the other board committees. In 2009, the Board and committee will
determine whether the committee has completed its mandate or whether it should continue
and, if so, for what period. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Consistent with current best practices in corporate governance, the roles of Chairman and
CEO are being separated. Mr. Balsillie has voluntarily stepped down from the role of
Chairman to allow future consideration of a non-executive Chairman by the Nominating
Committee. Mr. Balsillie will retain his leadership roles as Co-CEO and Director. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Mr. Richardson has been appointed as Lead Director of the Board of Directors. Mr.
Richardson&#146;s responsibilities in that position will include: (a) approving
information submitted by management to the Board, (b) approving the agenda for Board
Meetings, (c) leading meetings of the external directors, (d) serving as a liaison between
the external directors and the chief executive officers, and (e) being able to call, with
due notice, a meeting of the Board and/or an executive session of the Board consisting
exclusively of external directors. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Kendall Cork and Doug Wright, who are currently the members of the Company&#146;s
Compensation Committee, have advised the Board that they will not stand for re-election at
the upcoming annual general meeting of the Company and have tendered their resignation at
this time from all committees of the Board. They will each be appointed to the honorary
position of Director Emeritus of the Board in recognition of their substantial
contributions to RIM over many years. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The Board size has been increased from seven to nine. Ms. Barbara Stymiest (formerly the
CEO of the TSX Group and currently the COO of Royal Bank of Canada) and Mr. John Wetmore
(formerly the President and CEO of IBM Canada and currently a Director of the University
of Waterloo and Loblaw Companies Limited) have been appointed to the Board as directors.
It is expected that Ms. Stymiest will join the Audit Committee and the Nominating
Committee and Mr. Wetmore will join those committees and the Compensation Committee. A
candidate selection process is underway to identify two other new independent directors
for election to the Board to replace Mr. Cork and Mr. Wright. The Audit Committee will be
chaired by an audit committee financial expert, as defined under applicable securities
laws. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The Nominating Committee of the Board will be reconstituted to be comprised of Jim Estill,
John Richardson, Barbara Stymiest and John Wetmore. The Nominating Committee will review
the board slate prior to its submission to shareholders for the next annual meeting. The
Board has mandated that the newly constituted Nominating Committee consider the role of a
non-executive Chairman and make recommendations to the Board at its first meeting
following the Company&#146;s next annual meeting. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Dennis Kavelman will be moving from his position as CFO to become the Company&#146;s Chief
Operating Officer &#151; Administration and Operations. In that role he will take on a
more diverse operational portfolio overseeing the growth of RIM&#146;s business in various
areas. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Brian Bidulka (currently Vice President, Corporate Controller at RIM and formerly Vice
President Finance-Operations at Molson Inc.) has been appointed as the Company&#146;s
Chief Accounting Officer and will serve as the Company&#146;s senior financial officer
overseeing all financial reporting and compliance activities. Mr. Bidulka, who was not
previously involved in the administration of the Company&#146;s stock option program, will
also be responsible for administering RIM&#146;s stock option program until a new employee
is hired and assumes responsibility for the program. <BR><BR></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Certain other changes in the roles
and responsibilities of less senior members of RIM&#146;s Finance Group will also be made. <BR><BR></FONT></TD></TR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>RIM will establish an internal
audit department, the head of which will report directly to the Audit Committee. <BR><BR></FONT></TD></TR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Additionally, RIM will enhance its capabilities in U.S. GAAP and in securities disclosure
and compliance matters issues by establishing two new permanent full-time positions to be
filled, respectively, by an employee with expertise in U.S. GAAP and an employee with
expertise in securities disclosure and compliance. The latter employee will be responsible
for administering RIM&#146;s stock option granting program. <BR><BR></FONT></TD>
</TR>

<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The Board, based on the recommendation of the Special Committee, has determined that no
employees should be asked to leave the Company as a result of the Review. <BR><BR></FONT></TD>
</TR>
</TABLE>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Statement of the Co-CEOs </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;Speaking on behalf of the Board
and the senior management of RIM, we are treating this issue very seriously and have
already made significant progress in rectifying this matter. We are also committed to
evolving our processes to be consistent with our philosophy of achieving excellence
throughout RIM&#146;s operations,&#148; said Mr. Balsillie and Mr. Lazaridis in a joint
statement.&nbsp; &#147;We wish to thank the members of the Special Committee and all their
advisors who contributed to the in-depth review and recommendations.&#148; </FONT></P>





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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Statement of the Special
Committee </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;We are satisfied with the
thoroughness of the review and we believe that the resulting enhancements to governance
and controls will make RIM even stronger as it continues to grow and lead in the thriving
market it pioneered,&#148; said Mr. Estill and Mr. Richardson in a joint statement.
&#147;It must also be said that we have the utmost confidence in Jim Balsillie and the
senior management team. Over the last ten years, incredible results have been accomplished
under their stewardship including an increase in RIM&#146;s annual revenue by more than
45,000% and an increase in RIM&#146;s share price by more than 10,000%. In addition, RIM
just achieved another important corporate milestone in the fourth quarter ended March 3,
2007 by adding 1 million BlackBerry subscriber accounts within a single quarter for the
first time. These results speak loudly about the management team and the value of their
leadership to RIM and its shareholders.&#148; </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>OTHER MATTERS </FONT></H1>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Review Costs </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consistent with their shared
historical commitment to the Company, Mr. Balsillie and Mr. Lazaridis have voluntarily
offered to assist RIM in defraying costs incurred in connection with the Review and the
Restatement by contributing up to Cdn$10 million (up to Cdn$5 million each) of those
costs. RIM has agreed to accept this voluntary payment. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pending the completion of the Review,
Mr. Balsillie and Mr. Lazaridis agreed to escrow common shares of the Company acquired by
them on the exercise of options during the Review. Upon payment of the monies referred to
above in connection with Review costs and repayment of any gains associated with exercised
options and re-pricing of unexercised options, the Special Committee has determined that
it is appropriate to return the escrowed shares to them. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Regulatory Matters and
Litigation </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company is cooperating with the
SEC and the OSC and has reported to them on the results of the Review. At this time, RIM
cannot predict what, if any regulatory action, may result from the completion of the
Review. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As previously disclosed, RIM has been
served with a Notice of Application that was filed with the Ontario Superior Court of
Justice &#150; Commercial List (the &#147;Court&#148;) by a shareholder. The Notice of
Application, among other things, seeks the permission of the Court to commence a
shareholder derivative action purportedly on behalf of the Company against certain of
RIM&#146;s directors relating to RIM&#146;s historical option granting practices, and also
makes certain demands with respect to the conduct and scope of RIM&#146;s ongoing
management-initiated, voluntary review of such practices. The Company&#146;s Board of
Directors intends to review the allegations set forth in the Notice of Application and the
related Statement of Claim and will respond in a manner that it considers to be in the
best interests of RIM&#146;s shareholders. </FONT></P>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Additional lawsuits, including
purported class actions and additional derivative actions, may be filed based upon
allegations substantially similar to those described in this application or otherwise
relating to the Company&#146;s historical option grant practices. The Company does not
intend to issue any press releases describing the filing in the event of any such
additional lawsuits. </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>There is no other material
information concerning the affairs of the Company at this time that has not been generally
disclosed. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>About Research In Motion
(RIM) </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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&#146;s portfolio of award-winning products,
services and embedded technologies are used by thousands of organizations around the world
and include the BlackBerry&reg; wireless platform, the RIM Wireless Handheld&#153; 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. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Investor Contact:<BR>
RIM Investor Relations<BR>
(519) 888-7465<BR>
investor_relations@rim.com<BR><BR>
</FONT></P>
<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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&#146;s
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&#146;s historical, current and future financial statements,
the anticipated timing of filing financial statements and the additional work required to
complete such filings, descriptions of information that RIM intends to disclose in its
securities filings, RIM&#146;s intention to provide regular updates to its shareholders,
actions that RIM intends to take as a result of the review, and RIM&#146;s estimates of
Blackberry subscriber account additions in the fourth quarter of fiscal 2007 and revenue
for fiscal 2007. The terms and phrases, &#147;preliminary determination&#148;,
&#147;expects&#148;, &#147;will&#148;, &#147;would&#148;, &#147;anticipate&#148;,
&#147;estimates&#148;, &#147;has determined to&#148;, &#147;intends&#148; 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&#146;s actual results, or future events to
differ materially from those expressed or implied by the forward-looking statements,
including, without limitation: further determinations made by RIM&#146;s Special
Committee, outside advisors, auditors and others; unanticipated developments and delays
encountered in connection with RIM&#146;s efforts to complete the restatement of its
financial statements and its securities filings; developments relating to RIM&#146;s
ongoing communications with the SEC and the OSC; additional corrections that may be
required based on factual findings and analysis following the date of this news release,
risks associated with litigation relating to RIM&#146;s stock option grants; and legal and
accounting developments regarding stock option grants and interpretations of such
guidance. In particular, as noted in this news release, the Special Committee and its
advisors, together with the Company and its external auditors, continue to do the work
necessary to determine the accounting impact resulting from the Special Committee&#146;s
findings and the estimates set forth in this news release may require further adjustment
as a result of such additional work. 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 &#147;Risk Factors&#148; section of RIM&#146;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&#146;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. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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. </FONT></P>
















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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SIGNATURES
</FONT></H1>
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</TD>
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<BR>
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<TD><P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has   duly
caused this report to be signed on its behalf by the undersigned, thereunto   duly
authorized. </FONT></P><P>&nbsp;
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<p></P><table width="600" border="0"><tr><td width="33">&nbsp;</td><td width="209">&nbsp;</td><td colspan="2"><div align="center"><b><font face="Times New Roman, Times, Serif" size=3>Research
        In Motion Limited </font></b></div><hr><div align="center">(Registrant) </div></td></tr><tr><td width="33">Date:</td><td width="209"><div align="center"><u>March 7, 2007</u></div></td><td width="59">By:</td><td width="271">/s/ Brian Bidulka <hr><div align="center">(Signature)
</div></td></tr><tr><td width="33">&nbsp;</td><td width="209">&nbsp;</td><td width="59">&nbsp;</td><td width="271">Brian Bidulka</td></tr><tr><td width="33">&nbsp;</td><td width="209">&nbsp;</td><td width="59">&nbsp;</td><td width="271">Chief Accounting Officer</td></tr></table>


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