Otello Corporation share buyback program status

05 Dec 2025 21:23 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 1 December 2025 through 5 December 2025, Pareto Securities AS has
bought 203,900 shares on behalf of the Company at an average price of NOK 18.65
and a total value of NOK 3,802,025. Since the initiation of this share buyback
program a total of 1,516,142 shares at an average price of NOK 15.83 and a total
value of NOK 23,997,056 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 1,516,142 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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661406_OTEC Transaksjonsoversikt49.pdf