Otello Corporation share buyback program status

07 Dec 2024 20:57 CET

Reference is made to the stock exchange notice from 22 July 2024 announcing a
share buyback program for Otello Corporation ASA (the Company). From 2 December
2024 through 6 December 2024, Pareto Securities AS has bought 117,900 shares on
behalf of the Company at an average price of NOK 7.78 and a total value of NOK
917,480. Since the initiation of this share buyback program a total of 3,119,383
shares at an average price of NOK 8.08 and a total value of NOK 25,192,089 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 6,807,747 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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634094_OTEC Transaksjonsoversikt20.pdf