Initiating offer to all shareholders of share buy back
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION With reference to the authorization given by the extraordinary general meeting of Otello Corporation ASA (the “Company") on 27 January 2022 for the Company to acquire up to 10,000,000 shares in the Company, the Company hereby launches an offer to all shareholders in the Company to buy back up to 10,000,000 shares in Otello Corporation ASA (approximately 10% of