Unique Broadband Systems, Inc. Provides Update on Rights Offering

TORONTO, ONTARIO--(Marketwired - Feb. 25, 2016) - Unique Broadband Systems, Inc. ("UBS" or the "Company") (NEX:UBS.H) today announced that it has filed its rights offering notice (the "Rights Offering Notice") and rights offering circular (the "Rights Offering Circular") on www.sedar.com for its previously announced rights offering (the "Rights Offering") to holders of its common shares (the "Common Shares") of record at the close of business on February 25, 2016 (the "Record Date"). UBS has extended the originally announced rights expiry date (the "Rights Expiry Date") to March 29, 2016. The rights issued under the Rights Offering (the "Rights") will expire on the Rights Expiry Date. The Rights Offering will be conducted in all of the provinces and territories of Canada.

Each registered shareholder of Common Shares on the Record Date will receive one (1) Right for each Common Share held by such shareholder. Two (2) Rights plus the sum of $0.01 will entitle the Rights holder to subscribe for one Common Share. The Rights issued under the Rights Offering will be evidenced by transferable rights certificates (each, a "Rights Certificate"), and will expire at 4:30 p.m. (Toronto time) on the Rights Expiry Date, after which time unexercised Rights will be void and of no value.

Eligible shareholders are entitled to subscribe for additional Common Shares, subject to certain limitations set out in the Rights Offering Circular. It is anticipated that the Rights Offering Notice and accompanying Rights Certificate will be mailed to each of the eligible shareholders of the Company on or about March 2, 2016. Registered shareholders wishing to exercise their Rights must forward the completed Rights Certificates, together with the applicable funds to Equity Financial Trust Company, the rights agent of the Company, on or before the Rights Expiry Date. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

About Unique Broadband Systems, Inc.

UBS' shares are listed on the NEX under the symbol "UBS.H". More information on UBS can be found at www.sedar.com.

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of UBS that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by UBS at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by UBS that actual results achieved will be the same in whole or in part as those forecast.

Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.