Reference is made to the stock exchange notice from 22 September 2025 announcing
the initiation of the share buyback program for Otello Corporation ASA (the
Company). From 13 October 2025 through 17 October 2025, Pareto Securities AS has
bought 286,636 shares on behalf of the Company at an average price of NOK 14.94
and a total value of NOK 4,282,278. Since the initiation of this share buyback
program a total of 786,667 shares at an average price of NOK 14.80 and a total
value of NOK 11,643,424 have been acquired. The maximum consideration to be paid
for shares acquired under this buyback program is NOK 15 per share and the
maximum number of shares that can be purchased under this buyback program is
3,689,541. At present date, Otello owns 786,667 treasury shares in the Company.
The shares are purchased in accordance with the authorization granted at the
company's annual general meeting on 15 September 2025.