WiLAN Provides Update on Debenture Repayment

Wi-LAN Inc.

today announced that the Company will repay its 6.00% extendible convertible unsecured subordinated debentures in accordance with their terms upon maturity on January 31, 2012. For each CDN$1,000.00 principal amount of Debentures held, holders will be repaid CDN$1,000.00 plus interest in the amount of approximately CDN$23.8356 representing interest accrued at the annual rate of 6.00% from September 8, 2011, the initial date on which the Debentures were issued, inclusive to January 30, 2012, the final day before repayment occurs. Accordingly, Debenture holders will receive a total of approximately CDN$1,023.8356 in cash for each principal amount of CDN$1,000.00 of Debentures held. The Company will use CDN$233.9 million of its cash on hand to retire this obligation.