Otello Corporation share buyback program status

20 Mar 2026 20:50 CET

Reference is made to the stock exchange notice from 9 February 2026 announcing
the initiation of the share buyback program for Otello Corporation ASA (the
Company). From 16 March 2026 through 20 March 2026, Pareto Securities AS has
bought 97,200 shares on behalf of the Company at an average price of NOK 17.05
and a total value of NOK 1,657,692. Since the initiation of this share buyback
program a total of 651,356 shares at an average price of NOK 17.74 and a total
value of NOK 11,552,685 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 4,340,897 treasury shares in the
Company, including those bought in the previous buyback program. The shares are
purchased in accordance with the authorization granted at the company's
extraordinary general meeting on 15 September 2025.

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669033_OTEC Transaksjonsoversikt63.pdf