Itera

Declaration of Voting Results & Voting Rights Announcements • May 19, 2017

DISCLOSURE OF VOTING RIGHTS

DISCLOSURE OF VOTING RIGHTS

In connection with the Annual General Meeting of Itera ASA to be

held May 22nd 2017, Morten Thorkildsen, Chairman of the Board of

Directors, has received proxy based voting rights for 12,783,270

shares, representing 15.74 per cent of the total voting rights in

the company. Of these, 12,452,150 are given with voting instructions

and 331,120 without. CEO, Arne Mjøs, has received proxy based voting

rights for 537,123 shares, all of which without voting instructions.

This represents 0.66 per cent of the total voting rights.

The proxies are only valid for the Annual General Meeting May 22nd

This information is subject of the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act.