Unwired Planet and Lenovo Announce Patent License and Patent Purchase Transaction

  Unwired Planet and Lenovo Announce Patent License and Patent Purchase
  Transaction

Business Wire

RENO, Nevada -- March 20, 2014

Unwired Planet, Inc. (NASDAQ:UPIP) and Lenovo (HKSE: 992) (ADR: LNVGY)
announced that Lenovo has agreed to purchase a portfolio of patents from
Unwired Planet and to take a term-based license to Unwired Planet’s patent
portfolio. The aggregate consideration for the combined transaction is $100
million payable in cash.

The patent purchase consists of 21 patent families owned by Unwired Planet,
including patents for 3G and LTE mobile technologies and other important
mobility patents.

“We are pleased to have reached an agreement with one of the world’s leading
global technology companies,” said Philip Vachon, Chairman of Unwired Planet’s
Board of Directors and head of its Intellectual Property Committee. “We wish
Lenovo continued success going forward.”

“This investment is an extension of Lenovo’s existing intellectual property
portfolio,” said Jay Clemens, General Counsel of Lenovo. “It will serve the
company well as we grow and develop our worldwide smartphone and mobile PC
Plus business in new markets.”

Under the terms of the agreement, Lenovo is licensed to Unwired Planet’s
intellectual property portfolio for a number of years, covering standard
essential, implementation, and application layer technology for mobile
devices. Following the transaction, Unwired Planet’s portfolio will consist of
approximately 2,500 issued and pending US and foreign patents.

The transaction is expected to close in 30 days.

Evercore acted as advisor to Unwired Planet on the transaction.

Unwired Planet will host a conference call for its analysts and investors
before the market opens Friday, March 21 at 5:30 a.m. pacific time (8:30 a.m.
eastern time) and will webcast the event. To access the conference call, dial
480-629-9712 or 877-941-2068 and enter passcode 4675723. The webcast and
replay will be available on Unwired Planet’s website at
http://www.unwiredplanet.com/investors/. A replay of the conference call will
be available within two hours of the conclusion of the conference call through
April 11, 2014. To access the replay, dial 303 590 3030 or 800-406-7325 and
enter passcode 4675723.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$34 billion personal technology company
– the largest PC maker worldwide and an emerging PC Plus leader – serving
customers in more than 160 countries. Dedicated to building exceptionally
engineered PCs and mobile internet devices, Lenovo’s business is built on
product innovation, a highly-efficient global supply chain and strong
strategic execution. Formed by Lenovo Group’s acquisition of the former IBM
Personal Computing Division, the company develops, manufactures and markets
reliable, high-quality, secure and easy-to-use technology products and
services. Its product lines include legendary Think-branded commercial PCs and
Idea-branded consumer PCs, as well as servers, workstations, and a family of
mobile internet devices, including tablets and smartphones. Lenovo, a global
Fortune 500 company, has major research centers in Yamato, Japan; Beijing,
Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more
information see www.lenovo.com.

About Unwired Planet

Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the Mobile Internet and
a premier intellectual property company focused exclusively on the mobile
industry. The company's patent portfolio includes technologies that allow
mobile devices to connect to the Internet and enable mobile communications.
The portfolio spans 2G, 3G, and 4G technologies, as well as cloud-based mobile
applications and services. Unwired Planet's portfolio includes patents related
to key mobile technologies, including baseband mobile communications, mobile
browsers, mobile advertising, push notification technology, maps and location
based services, mobile application stores, social networking, mobile gaming,
and mobile search. Unwired Planet is headquartered in Reno, Nevada. References
in this release to Unwired Planet may be to Unwired Planet, Inc. or its
subsidiaries.

Cautionary Note Regarding Forward Looking Statements

Any statements in this press release with respect to future events or
expectations, including statements regarding the Company's licensing
activities and expectations regarding enhancing shareholder value are
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933. These
forward-looking statements are subject to many risks and uncertainties that
could cause actual results to differ materially from those projected.
Notwithstanding changes that may occur with respect to matters relating to any
forward looking statements, Unwired Planet assumes no obligation to update the
forward-looking statements included in this press release. For a detailed
discussion of these and other factors that may cause these forward looking
statements not to come true, please refer to the risk factors discussed in
Unwired Planet's filings with the U.S. Securities and Exchange Commission,
including the company's Annual Report on Form 10-K for the fiscal year ended
June 30, 2013. These documents are available at www.sec.gov or from Unwired
Planet's website at www.unwiredplanet.com.

Contact:

Unwired Planet:
The Blueshirt Group
Mike Bishop, +1 415-217-4968
mike@blueshirtgroup.com
or
Lenovo:
From the US
Brion Tingler, +1 917-528-1992
btingler@lenovo.com
From Hong Kong
Angela Lee, +852 2516-4810
angelalee@lenovo.com
 
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