Otello Corporation share buyback program status

28 Sep 2024 02:35 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 23
September 2024 through 27 September 2024, Pareto Securities AS has bought
118,300 shares on behalf of the Company at an average price of NOK 7.94 and a
total value of NOK 939,622. Since the initiation of this share buyback program a
total of 2,417,900 shares at an average price of NOK 8.13 and a total value of
NOK 19,656,317 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 6,106,264
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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628730_OTEC Transaksjonsoversikt10.pdf