Otello Corporation share buyback program status

14 Feb 2025 22:50 CET

Reference is made to the stock exchange notice from 3 February 2025 announcing
the continuation of the share buyback program for Otello Corporation ASA (the
Company). From 10 February 2025 through 14 February 2025, Pareto Securities AS
has bought 346,900 shares on behalf of the Company at an average price of NOK
7.58 and a total value of NOK 2,631,058. Since the initiation of this
continuation of the share buyback program a total of 649,900 shares at an
average price of NOK 7.59 and a total value of NOK 4,933,848 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 continuation of the buyback program is 866,690 shares
(being the maximum remaining number of outstanding shares that can be purchased
under the existing authorization). At present date, Otello owns 8,893,160
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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638878_OTEC Transaksjonsoversikt28.pdf