Otello Corporation share buyback program status

Issuer

Otello Corporation ASA

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 29 September 2025 through 3 October 2025, Pareto Securities AS
has bought 88,400 shares on behalf of the Company at an average price of NOK
15.00 and a total value of NOK 1,326,000. Since the initiation of this share
buyback program a total of 247,900 shares at an average price of NOK 14.52 and a
total value of NOK 3,599,640 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
3,689,541. At present date, Otello owns 247,900 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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656647_OTEC Transaksjonsoversikt42.pdf