Oslo, 29 April 2026 - Itera ASA is pleased to announce the appointment of Bjarte
Petersen as its new Chief Financial Officer (CFO). Petersen will assume the
position on 1 August 2026, become a member of the executive management team, and
report to CEO Arne Mjøs.

The appointment represents an important step in Itera's continued development as
an AI-driven, publicly listed technology company, with clear ambitions for
profitable growth, stronger execution capabilities, and enhanced shareholder
value.

Bjarte Petersen brings more than 20 years of experience from senior financial
roles in international technology companies and capital market-oriented
organizations. He most recently served as CFO & EVP Finance at Kongsberg
Digital, where software, AI, data, and digital platforms were key value drivers.
In this role, he was responsible for the finance and legal functions, strategic
improvement programs, and close interaction with the board, owners, and the
capital markets.

Petersen has previously held several key positions at Kongsberg Gruppen ASA,
including Group VP Corporate Accounting, Reporting & Controlling, with
responsibility for group reporting, group controlling, external quarterly
reporting, and IFRS annual accounts. He also brings 12 years of experience from
the consulting industry from his time as a Senior Manager at EY, where he worked
with auditing, corporate governance, financial transformation, and value
creation across multiple industries.

- We are very pleased to welcome Bjarte to Itera. The company is entering an
exciting phase, driven by clear ambitions for profitable growth and enhanced
shareholder value. Bjarte will strengthen the group's execution capabilities,
accelerate the adoption of AI, and further develop Itera as a publicly listed
company. He combines deep financial and investor-related expertise with strong
business acumen and a proven track record of execution, and will be an important
sparring partner for me and the rest of the executive team," says Arne Mjøs, CEO
of Itera ASA.

-Itera has a clear strategy and an attractive position in a market where demand
for AI-driven digital services is growing rapidly. I look forward to joining the
company's executive leadership team and contributing to ensuring that the
finance function supports the strategic direction and provides investors with
high-quality and relevant insight into the company's development, says Bjarte
Petersen, incoming CFO.

For more information:
Arne Mjøs, CEO | arne.mjos@itera.com | +47 905 23 172