DISCLOSURE OF VOTING RIGHTS

In connection with the Annual General Meeting of Itera ASA
to be held May 23rd 2016, Morten Thorkildsen, Chairman of
the Board of Directors, has received proxy based voting
rights for 19,973,160 shares, representing 24.64 per cent of
the votes in the company. Of these, 16,096,590 are given
with voting instructions and 3,876,570 without. They are
valid only for the Annual General Meeting May 23rd 2016.

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