Itera

Director's Dealing • Dec 11, 2023

Itera ASA: Results of offer to buy back shares - correction

Itera ASA: Results of offer to buy back shares - correction

Reference is made to the notification issued on 10 December at 8pm CET. The original message was missing one more primary insider participating in the buy-back program:

Employee elected Board member, Joachim Trøbråten, has sold 54,842 shares. Following the transaction, he has 2,317 shares and 133,333 outstanding options.

The original notification follows unchanged:

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE

UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Reference is made to the stock exchange release of Itera ASA (“Itera” or the

"Company") dated 7 December 2023 at 07:00 hours CET concerning an offer to buy

back shares in connection with the Company's employee option and share purchase

program (the "Offer"). The Offer expired on 8 December 2023 at 15:00 hours CET.

The Company has resolved to buy back 958,722 shares, as set out in the Offer, at

a price of NOK 12.10 per share (the “Purchase Price”). The price was determined

through a book-building process.

The trade date for the shares will be Monday 11 December 2023 and settlement will

take place on 13 December 2023 (T+2).

The following primary insiders have participated in the share buy-back program:

Chief Strategy & Communication Officer, Ole Morten Damlien, has sold 92,132 shares.

Following this transaction, he has 108,414 shares and 25,000 outstanding

options.

Observer to the Board, Odd Khalifi, has sold 92,132 shares.

Following this transaction, he has 123,432 shares and 150,000 outstanding

options.

Employee-elected deputy to the Board, Tom Kr. Foosnæs, has sold 27,640 shares.

Following this transaction, he has 29,685 shares.

As a result of the buy back, the Company owns 1,654,281 own shares,

corresponding to 2.01% of the share capital and voting rights in the Company.

For further information, please contact:

Bent Hammer, CFO

+47 982 15 497