Itera

Pre-Annual General Meeting Information • Apr 28, 2017

Notice of Annual General Meeting

Notice of Annual General Meeting

The Annual General Meeting will be held at Nydalsveien 28, Oslo,

on Monday 22 May 2017 at 17.00 hrs.

The Board of Directors has adopted the following agenda for the

meeting:

Agenda

1. Opening of the Annual General Meeting by the Chair of the

Board of Directors and registration of

shareholders attending.

2. Election of a Chair for the meeting and at least one

additional person to countersign the minutes together with the

Chair.

3. Approval of the notice of the meeting and the agenda.

4. Approval of the Annual Report and Accounts for 2016.

5. Approval of the remuneration of the members of the Board

of Directors, Board Committees and Nomination Committee.

6. Determination of the fees payable to the Auditor

7. To consider the Board of Directors' statement regarding

the determination of salary and other remuneration of senior

employees cf. Public Limited Companies Act § 6-16a.

8. Adoption of the Board of Directors' proposal to authorise

the Board of Directors to increase the company's share capital.

The proposal includes the option to waive the pre-emptive rights

of shareholders to subscribe for shares in the event of an

increase in share capital.

9. Adoption of the Board of Directors' proposal to authorise

the Board of Directors to increase the company's share capital in

connection with the share option program for employees.

10. Adoption of the Board of Directors' proposal to introduce

a share purchase program for employees.

11. Adoption of the Board of Directors' proposal to approve

the purchase by the company of its own shares.

12. Authorisation for the Board to approve an additional

dividend based on the company's annual financial accounts for

13. Election of the members of the Board of Directors and the

Nomination Committee.

Oslo, 28 April 2017

Signed for and on behalf of the Board of Directors of ITERA ASA

Morten Thorkildsen

Chairman

This information is subject of the disclosure requirements acc. to

§5-12 of the Norwegian Securities Trading Act.