Kitron - Share Issue/Capital Change 2016

Kitron: Share capital increase pertaining to the issue of shares under the incentive program registered

(2016-11-02) Reference is made to Kitron ASA's (the "Company") stock exchange

announcement dated 25 October 2016 regarding the Company's board of directors'

resolution to issue 3,230,986 new shares in the Company to executive personnel

under the Company's share incentive program.

The share capital increase was registered with the Norwegian Register of

Business Enterprises today. The Company's share capital is currently NOK

17,619,261.10 divided into 176,192,611 shares, each with a par value of NOK

0.10. Each share gives one vote at the Company's general meeting.

The new shares will be listed on Oslo Børs as of tomorrow, 3 November 2016. As

described in the Company's stock exchange notification dated 25 October 2016,

the new shares will be subject to lock up obligations which are gradually

released over a period of two years.

For further information please contact:

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

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices

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

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

NOK 1.95 billion in 2015 and has about 1 250 employees. www.kitron.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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