Kitron — Major Shareholding Notification 2018

Mar 20, 2018

Disclosure of significant shareholding in Kitron ASA

Disclosure of significant shareholding in Kitron ASA

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").

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.

This disclosure is made pursuant to section 4-3 of the Norwegian Securities

Trading Act.