Issue of new treasury shares of Biotie Therapies Corp without consideration and cancellation of shares held by Biotie Therapies AG


                                           BIOTIE     THERAPIES    CORP.
         Stock Exchange Release            17 December 2014 at 9.00 am


Issue of new treasury shares of Biotie Therapies Corp without consideration and
cancellation of shares held by Biotie Therapies AG

Pursuant to the authorization of the Annual General Meeting of Shareholders held
on 3 April 2014, the Board of Directors of Biotie Therapies Corp. has resolved
to issue 2,447,375 shares ("Treasury Shares") to the Company itself without
consideration in accordance with Chapter 9 Section 20 of the Finnish Companies
Act (624/2006, as amended). The Treasury Shares are issued for the purposes of
being conveyed to employees entitled to them pursuant to the terms and
conditions of the Stock Option Plan 2011 and the Equity Incentive Plan 2011
("Plans"). The Treasury Shares are of the same class as the existing shares in
the Company.

The Treasury Shares will be registered without delay so that the Treasury Shares
will be entered into the Finnish Trade Register on or about 23 December 2014. An
application will be filed for registration of the Treasury Shares in the book
-entry system maintained by Euroclear Finland Ltd, and to apply for listing of
the Treasury Shares in NASDAQ OMX Helsinki Ltd after the Treasury Shares have
been registered.

Further, the Board of Directors of Biotie Therapies Corp. has pursuant to an
application by its Swiss subsidiary, Biotie Therapies AG, resolved to cancel
2,511,599 shares in the Company that are held as treasury shares by Biotie
Therapies AG, and which it no longer requires to settle exercises of options
under the Synosia option plan. The cancellation will be registered with the
Finnish trade register on or about 23 December 2014 and upon registration the
number of issued Biotie shares will reduce by 2,511,599 shares.

After the registration of the new shares and the cancellation of shares held by
Biotie Therapies AG with the Finnish Trade Register, Biotie will have
455,968,174 issued shares of which 450,696,015 will be outstanding shares.
Should all the new Treasury Shares be conveyed to employees, then this will
represent a 0.54 per cent of the current number of outstanding shares. The total
number of the Company's shares after the share issue held by the Company or its
fully owned subsidiary is 5,272,159 shares (1.16 per cent).

It is expected that under the terms of the Plans the new Treasury Shares will be
conveyed to employees at a number of times during the period of January 2015 to
28 February 2016.

Turku, 17 December 2014

Biotie Therapies Corp.
Timo Veromaa, President and CEO

For further information, please contact:
Virve Nurmi, Investor Relations Manager, Biotie Therapies Corp.
tel. +358 2 274 8900, e-mail: virve.nurmi@biotie.com


www.biotie.com
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NASDAQ OMX Helsinki Ltd
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