In accordance with the resolution in the ordinary general meeting held on 21 May
of 2019, the Board of Itera ASA has approved a new share option programme for
some key employees in Itera. The programme issues 440,000 options, and the
vesting period of share options is up to four years. 

The exercise price for the options is NOK 10.29, which is equal to the average
volume-weighted transaction price on the Oslo Stock Exchange for the last 10
trading days preceding the date of the grant of these options. The exercise
price is not adjusted for any dividend payments in the vesting period. 

The options can be exercised as follows:

-	up to 1/3 of options during 01.12.2022-01.12.2022
-	remaining options during 01.12.2023-01.12.2023

Options that are not exercised within the first exercise period are rolled
forward to the next exercise period. The exercising of options is contingent on
the employee not having terminated his/her employment at the time of exercise. 

The options to acquire shares in Itera have been allocated to the following
primary insiders (including related parties):

Erik Berg Solheim, Board member: 30,000 options. The number of share options
after the grant is 42,000 and the number of shares held is 45,511. 

Odd Khalifi, observer in the Board: 100,000 options. The number of share options
after the grant is 124,000 and the number of shares held is 65,284. 


For more information, please contact: 
Bent Hammer, CFO 
Mobile: +47 982 15 497