Initiating potential buy-back of own shares
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION. Reference is made to the authorization given by the extraordinary general meeting of Otello Corporation ASA (the “Company") on 30 September 2021 for the Company to buy back up to 12,474,950 shares in the Company. The Company has engaged Pareto Securities AS (the "Manager") to explore a potential buy-back of up to 11,200,000 shares in the Company (the “Offering”), which, following the recently