Otello Corporation share buyback program status

Issuer

Otello Corporation ASA

Reference is made to the stock exchange notice from 16 June 2025 announcing the
initiation of the share buyback program for Otello Corporation ASA (the
Company). From 18 August 2025 through 19 August 2025, Pareto Securities AS has
bought 97,743 shares on behalf of the Company at an average price of NOK 13.54
and a total value of NOK 1,323,562. Since the initiation of this share buyback
program a total of 5,047,130 shares at an average price of NOK 12.90 and a total
value of NOK 65,114,879 have been acquired. The maximum consideration to be paid
for shares acquired under this buyback program is NOK 15 per share and the
maximum number of shares that can be purchased under this buyback program is
5,047,130, all of which have now been purchased. At present date, Otello owns
8,198,950 treasury shares in the Company, including those purchased in the
previous share buyback program. The shares are purchased in accordance with the
authorization granted at the company's annual general meeting on 26 May 2025.

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653678_OTEC Transaksjoner.pdf