Itera

Declaration of Voting Results & Voting Rights Announcements • May 20, 2014

Disclosure of shareholding - Proxies for ordinary general meeting 22. Mai 2014

Disclosure of shareholding - Proxies for ordinary general meeting 22. Mai 2014

In connection with Itera ASA's ordinary general

meeting, Ole Jørgen Fredriksen, chair of the Board of

Directors in Itera ASA, has been assigned voting

rights based on proxies for 19.596.644 shares in

Itera ASA. The proxies apply exclusively to the

ordinary general meeting in Itera ASA on 22 Mai 2014.

This entails that Ole Jørgen Fredriksen and closely

related parties collectively hold a total of 33% of

the votes in Itera ASA Ole Jørgen Fredriksens

shareholding in Itera ASA is 650.000 shares.

Arne Mjøs, Vice President in Itera ASA has been

assigned voting rights based on proxies for 5.977.803

shares in Itera ASA. The proxies apply exclusively to

the ordinary general meeting in Itera ASA on 22 Mai

2014

This entails that Arne Mjøs and closely related

parties collectively hold a total of 35% of the votes

in Itera ASA. Arne Mjøs shareholding in Itera ASA

including his closely related parties Arne Mjøs

Invest AS is 15.018.298.

Itera ASA

Oslo 20. mai 2014

Torunn Havre, tel +47 909 43 403