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Itera Transaction in Own Shares 2011

Jan 4, 2011

Transaction in Own Shares

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Itera ASA has on January 3 purchased 4,000 own shares

at an average price of NOK 2.93 per share.

After this transaction, the Itera Group owns the

total of 3,071,137 shares, corresponding to 3.6 %.

The transaction is part of a share buyback

authorization by the Annual General Meeting on April

29, 2010.

For further information, please contact:

Frank Martinsen (CFO)

tel.: +47 23 00 76 50 or +47 913 02 982