Itera ASA: Extension of Book Building Period Share Buyback Offer

18 Mar 2025 17:10 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.

On 17 March 2025, Itera ASA (“Itera” or the “Company”) announced an offer to all
shareholders in the Company to buy back up to 600,000 shares in the Company in
connection with its employee option and share purchase programs (the “Share
Buyback Offer”).

With reference to the Share Buyback Offer, the Company announces that the book
building period of the Share Buyback Offer, which was initially to expire today,
18 March 2025, at 15:00 hours CET, has been extended until and including 19
March 2025 15:00 CET.

SpareBank 1 Markets AS acts as sole bookrunner in connection with the Share
Buyback Offer, and shareholders wanting to sell shares can contact SpareBank 1
Markets AS at +47 24 14 74 70.

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.

The offer contemplated hereby and the distribution of this announcement and
other information in connection with the offer may be restricted by law in
certain jurisdictions, and the buyback is not made in any jurisdiction in which
this would be unlawful, require registration or other measures.

Itera ASA does not assume any responsibility in the event there is a violation
by any person of such restrictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions. The offer is not being
made directly or indirectly in, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States, its territories and
possessions, any State of the United States and the District of Columbia (the
“United States”). This includes, but is not limited to, facsimile transmission,
internet delivery, e-mail, telex and telephones. Accordingly, copies of this
release and any related documents are not being, and must not be, mailed,
e-mailed or otherwise distributed or sent in or into the United States and so
doing may invalidate any purported acceptance.

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