Itera ASA: Results of offer to buy back shares

14 Dec 2022 08:14 CET

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Reference is made to the stock exchange release of Itera ASA (“Itera” or the
"Company") dated 12 December 2022 at 07:53 hours CET concerning an offer to buy
back shares in connection with the Company's employee option and share purchase
program (the "Offer"). The Offer expired on 13 December 2022 at 15:00 hours CET.


The Company has resolved to buy back 600,000 shares, as set out in the Offer, at
a price of NOK 13.90 per share (the “Purchase Price”). The price was determined
through a book-building process.

The trade date for the shares will be today 14 December 2022 and settlement will
take place on 16 December 2022 (T+2).

As a result of the buy back, the Company owns 1,611,602 own shares,
corresponding to 1.96% of the share capital and voting rights in the Company.

For further information, please contact:
Bent Hammer, CFO
+47 982 15 497

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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