Mandatory notification of trade

CEO Arne Mjøs has through his company Arne Mjøs Invest AS today closed future contracts of 4,300,000 shares in Itera (ITE) at a price of NOK 7.94 per share and expiration date 15 March 2018. Simultaneously, he has opened a new future contract for 3,700,000 shares at a price of NOK 8.0097 and expiration date 13 June 2018 and purchased 600,000 shares at a price of NOK 7.94 per share.

New total holding is 20,627,688 shares (25.1%) and 3,700,000 shares on future contracts (4.5%), totalling 24,327,688 (29.6%) shares. In addition, he has 600,960 options.