Otello Corporation share buyback program status

13 Oct 2024 20:11 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 7 October
2024 through 11 October 2024, Pareto Securities AS has bought 102,000 shares on
behalf of the Company at an average price of NOK 7.99 and a total value of NOK
815,269. Since the initiation of this share buyback program a total of 2,640,800
shares at an average price of NOK 8.12 and a total value of NOK 21,430,140 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 6,329,164 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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629492_OTEC Transaksjonsoversikt12.pdf