Kitron - Share Issue/Capital Change 2014

Kitron - Allocation of options

(2014-10-22) The board of directors of Kitron ASA ("Kitron") has decided to

allocate 1 500 000 share options to the new CEO Peter Nilsson. Peter Nilsson

will after the allocation have 1 500 000 share options in Kitron. Peter Nilsson

owns no shares in Kitron.

Peter Nilsson will join the option program on the same terms and conditions as

the other participants in the program, which was approved by the Annual General

Meeting on 22 April 2013 (see Stock market announcement on 2013-07-02).

After this allocation of options, the Executive management have, together with

related parties, the following holding of shares and rights to shares in the

Company:

Executive Position Options Shares

Peter Nilsson CEO 1 500 000

Cathrin Nylander CFO 600 000

Israel Losada Salvador COO 600 000

Dag Songedal MD Norway 550 000

Thomas Löfgren MD Sweden 500 000

Mindaugas Sestokas MD Lithuania 500 000

Tommy P. Storstein Sales Director 425 000

Bengt Enbom HR Director 400 000 10 000

[unallocated] 400 000

Total 5 475 000 10 000

For further information please contact:

Tuomo Lähdesmäki, Chairman, Tel.: +358-50-5879648.

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence, Energy/Telecoms, Industry, Medical equipment and

Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,

Germany, China and the United States. Kitron had revenues of about NOK 1.6

billion in 2013 and has about 1,200 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act).

[HUG#1864878]

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