Annual General Meeting

The 2020 Annual General Meeting of Otello Corporation ASA was held on Tuesday June 2, 2020 at Schjødt law-firm, Ruseløkkveien 14, Oslo, Norway. All proposals on the agenda were approved by the meeting. The signed minutes from the Annual General Meeting are enclosed.

Petter Lade, CFO

Phone: +47 91143878

E-mail: petterl@otellocorp.com

About Otello:

Otello holds shares in several different businesses, including (i) AdColony which helps publishers monetize their content through advertising andadvertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 2 billion; (ii) Bemobi, a Mobile Media and Entertainment company which integrate people and mobile content through technology and offers a leading subscription-based discovery service for mobile apps in Latin America and beyond; (iii) Skyfire which offers cloud-based network solutions for mobile operators and (iv) Vewd which offers OTT services in the Connected TV space.