Itera

Transaction in Own Shares • Jun 6, 2018

ITERA INTENDS TO BUY 2,500,00 TREASURY SHARES

ITERA INTENDS TO BUY 2,500,00 TREASURY SHARES

By resolution of 22 May 2018, the General Meeting of Itera ASA ("Itera") authorised the Board of Directors to purchase treasury shares in connection with Itera's outstanding option programmes and new Employee Share Purchase Programmes. In relation to these, Itera intends to buy back up to 2,500,000 own shares. The purchase will be completed as a reverse book building during the period 7-11 June 2018 at a price not exceeding 9.00 NOK / share. Itera reserves the right to close the reverse booking at an earlier date. Itera has engaged Beringer Finance to complete the purchase.

The transaction is conditional on Itera's acceptance of the received sales offer and approval of the transaction. Itera may at any time before notifying the stock exchange of the completion of the transaction cancel the transaction, or change the volume or other terms.

Shareholders with questions regarding the transaction are kindly asked to contact Beringer Finance on +47 90 09 22 11. Contact person for other information is Bent Hammer, CFO, tel. +47 98 21 54 97.

This information is subject to disclosure under the Securities Trading Act section 5-12.