Itera

Major Shareholding Notification • Dec 30, 2016

Mandatory notification of trade

Mandatory notification of trade

CEO Arne Mjøs has through his company Arne Mjøs Invest

AS today purchased 483.700 shares at a price of NOK

4,9992 on future contracts of NOK 5,0356 per share

with expiration date on 16 March 2017. New total

holding is 20.801.998 shares (25.3%), of which 483.700

(0,6%) on future contracts, and 980.000 options.