Reference is made to the stock exchange notice from 7 April 2025 announcing the
initiation of the share buyback program for Otello Corporation ASA (the
Company). From 22 April 2025 through 25 April 2025, Pareto Securities AS has
bought 458,500 shares on behalf of the Company at an average price of NOK 9.05
and a total value of NOK 4,150,714. Since the initiation of this share buyback
program a total of 1,502,820 shares at an average price of NOK 8.76 and a total
value of NOK 13,164,206 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
3,688,364 (being the maximum remaining number of outstanding shares that can be
purchased under the existing authorization). At present date, Otello owns
1,502,820 treasury shares in the Company. The shares are purchased in accordance
with the authorization granted at the company's annual general meeting on 3 June
2024.