Itera

Share Issue/Capital Change • Jun 25, 2018

Exercise of stock options

Exercise of stock options

Today, a total number of 326,000 stock options were exercised at NOK 3.89 per share and 112,920 stock options at NOK 6.42 per share in accordance with outstanding employee stock option programmes. Please refer to notifications 8 July 2016 and 28 June 2017, respectively.

Itera ASA has used 284,760 of its own shares to cover this redemption of stock options. After this transaction, Itera ASA has 2,429,175 own shares. The remaining 154,160 options were redeemed through a cash settlement.

Following primary insiders have exercised options:

CEO Arne Mjøs has exercised 121,960 options and now holds 21,949,648 shares in addition to 2,500,000 future contracts, in total 24,449,648 (29.7%) through his investment company Arne Mjøs Invest AS. In addition, he has 479,000 outstanding options.

Executive Vice President, Kristian Enger, has exercised 55,960 options and now holds 360,495 shares and 233,880 options.

Executive Vice President, Jon Erik Høgberg, has exercised 89,960 options for a cash settlement and now holds 505,007 shares and 247,880 options.

Executive Vice President, Niko Nystrøm, has exercised 55,960 options and now holds 303,696 shares and 233,880 options.

CEO of Compendia AS Oddvar Håland has exercised 20,880 options and now holds 39,943 shares and 62,640 options.

For further information, please contact:

Bent Hammer, CFO, tel. +47 982 15 497