Resolution to reduce share capital and registration of share capital reduction

18 Nov 2025 19:30 CET

On 15 September 2025, the board of directors of Otello Corporation ASA (the
"Company") passed a resolution to reduce the Company's share capital by NOK
163,979, through redemption of in total 8,198,950 treasury shares. The
resolution was carried out in accordance with the board authorization set out in
clause 7 of the Company's articles of association, cf. section 12-7 of the
Norwegian Public Limited Liability Companies Act. Following registration of the
share capital reduction, the new share capital will be NOK 1,475,816.58 divided
into 73,790,829 shares, each having a face value of NOK 0.02.

The new share capital was registered with the Norwegian Register of Business
Enterprises on 20 September 2025. The new registered share capital of the
Company is NOK 1,475,816.58 divided into 73,790,829 shares, each having a face
value of NOK 0.02.

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