Otello Corporation share buyback program status

09 May 2026 21:32 CEST

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 4 May 2026 through 8 May 2026, Pareto Securities AS has bought
87,646 shares on behalf of the Company at an average price of NOK 19.27 and a
total value of NOK 1,688,952. Since the initiation of this share buyback program
a total of 1,236,336 shares at an average price of NOK 18.34 and a total value
of NOK 22,677,812 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 4,925,877 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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672926_OTEC Transaksjonsoversikt69.pdf