Board approval of annual accounts for 2016

Oslo, 20 March 2016: The Board of Directors of Itera ASA has today
approved the annual accounts of the group and parent company for
2016. The final consolidated financial statement is in line with
what was presented with the interim report for Q4 of 2016.

A full Annual Report will be published at the company's website
(www.itera.no) and at Oslo Stock Exchange together with the notice
convening the Annual General Meeting, planned to be held on 22nd of
May 2017.

This information is subject of the disclosure requirements acc. to ยง
5-12 (Norwegian Securities Trading Act).