Otello Corporation share buyback program status

28 Jul 2024 21:55 CEST

Reference is made to the stock exchange notice from 22 July 2024 announcing a
share buyback program for Otello Corporation ASA (the Company). From 22 July
2024 through 26 July 2024, Pareto Securities AS has bought 56,000 shares on
behalf of the Company at an average price of NOK 7.90 and a total value of NOK
442,353. Since the initiation of the share buyback program a total of 56,000
shares at an average price of NOK 7.90 and a total value of NOK 442,353 have
been acquired. The maximum consideration to be paid for shares acquired under
the buyback program is NOK 15 per share and the maximum number of shares that
can be purchased is 4,554,986 shares (5% of total outstanding shares). At
present date, Otello owns 3,744,364 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.

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624164_OTEC Transaksjonsoversikt 26.07.pdf