Itera ASA: Results of offer to buy back shares

20 Mar 2025 07:00 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 17 March 2025 at 09:00 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 19 March 2025 at 15:00 hours CET.

The Company has resolved to buy back 476,500 shares, as set out in the Offer, at
a price of NOK 10.00 per share (the “Purchase Price”). The price was determined
through a bookbuilding process.

The trade date for the shares will be today 20 March 2025 and settlement will
take place on 24 March 2025 (T+2).

As a result of the buy back, the Company owns 1,158,389 own shares,
corresponding to 1.4% 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.

More information:
Access the news on Oslo Bors NewsWeb site