Kitron — Major Shareholding Notification 2018

Mar 20, 2018

CORRECTION: Disclosure of significant shareholding in Kitron ASA

CORRECTION: Disclosure of significant shareholding in Kitron ASA

This is a correction of the announcement from 17:06 20.03.2018 CET. Reason for

the correction: Certain amended information

Athanase Industrial Partners Fund II and Athanase Industrial Partners II AB, two

investment funds managed by Athanase Industrial Partner Ltd, have on 20 March

2018 sold respectively 5,149,985 and 3,659,715 shares in Kitron ASA ("Kitron")

at a price at NOK 8.90 per share. The aggregate number of shares sold,

8,809,700, corresponds to 5% of the shares of the Company. Following completion

of the transaction, Athanase Industrial Partners Fund II and Athanase Industrial

Partners II AB no longer hold any shares in Kitron ASA. Neither Athanase

Industrial Partners Fund II and Athanase Industrial Partners II AB hold other

rights to shares in Kitron.

Athanase Industrial Partners Fund II and Athanase Industrial Partners II AB are

funds managed by Athanase Industrial Partners Ltd. Stefan Charette is member of

the board of directors of Kitron ASA and is controlling shareholder of Athanase

Industrial Partners Ltd.

This disclosure is made pursuant to sections 4-2 and 4-3 of the Norwegian

Securities Trading Act.