Otello Corporation share buyback program status

30 Nov 2025 19:42 CET

Reference is made to the stock exchange notice from 22 September 2025 announcing
the initiation of the share buyback program for Otello Corporation ASA (the
Company). From 24 November 2025 through 28 November 2025, Pareto Securities AS
has bought 162,700 shares on behalf of the Company at an average price of NOK
18.03 and a total value of NOK 2,934,205. Since the initiation of this share
buyback program a total of 1,312,242 shares at an average price of NOK 15.39 and
a total value of NOK 20,195,031 have been acquired. The maximum consideration to
be paid for shares acquired under this buyback program is NOK 20 per share and
the maximum number of shares that can be purchased under this buyback program is
3,689,541. At present date, Otello owns 1,312,242 treasury shares in the
Company. The shares are purchased in accordance with the authorization granted
at the company's annual general meeting on 15 September 2025.

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660908_OTEC Transaksjonsoversikt48.pdf