WiLAN confirms it does not intend to increase offer

The WiLAN Board believes that it is not in the best interests of WiLAN shareholders to increase its Offer to exceed the $46.00 per share offer made by Sterling Partners (“Sterling”) and announced by Mosaid last week in a going-private transaction. Assuming the proposed transaction between Mosaid and Sterling is consummated; WiLAN will generate a gain of C$3.6 Million on the tender of its Mosaid shares to Sterling, which will assist significantly in defraying costs associated with the Offer.