Otello Corporation share buyback program status

21 Sep 2024 03:47 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 16
September 2024 through 20 September 2024, Pareto Securities AS has bought
172,100 shares on behalf of the Company at an average price of NOK 8.32 and a
total value of NOK 1,432,207. Since the initiation of this share buyback program
a total of 2,299,600 shares at an average price of NOK 8.14 and a total value of
NOK 18,716,695 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 4,554,986
shares (5% of total outstanding shares). At present date, Otello owns 5,987,964
treasury shares in the Company (including those acquired under the previous
buyback program). 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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628268_OTEC Transaksjonsoversikt9.pdf