Vewd litigation update
Further to our announcement of January 14, 2021, following agreement between MFC and Otello to postpone the hearing listed for January 21, 2021 until on or after 22 February 2021 to allow further time for MFC to seek refinancing to raise funds to enable it to pay in full the sums due to Otello, the English High Court has ordered that the appointment of a receiver should be postponed until after 19 February 2021. The hearing listed for 21 January 2021 is therefore adjourned until on or after 22 February 2021. Petter Lade, CFO Phone: +47 91143878 E-mail: petterl@otellocorp.com