Grant of Options subject to shareholder approval - Mandatory notification of options and shareholding

Reference is made to announcement on 1. November regarding grant of options, subject to shareholder approval, in Otello Corporation. The strike price has been determined based on the volume weighed averaged trading price the Company's shares 5 trading days after the date of grant (2. November – 6. November). The strike price is determined to be 18.99kr.

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 and advertisers 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.