Board approval of annual accounts for 2017

Oslo, 19 April 2017: The Board of Directors of Itera ASA has today approved the annual accounts of the group and parent company for 2017. The final consolidated financial statement is materially in line with what was presented with the interim report for Q4 of 2017 on 16 February 2018, but with NOK 0.7 million higher tax expenses and NOK 3.3 million lower total assets. Net income after tax was NOK 29,635 thousand.

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 22 May 2018.

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