Mandatory notification of trade

Oslo, Norway - December 9, 2021 – Maria Borge Andreassen, Member of the Board of Otello Corporation ASA, sold on December 8, 2021, 12,058 shares in Otello Corporation ASA at a price of NOK 26.5 per share. After the transaction, Mrs. Borge Andreassen holds 11,215 shares in Otello Corporation ASA.

Please see the attached form for a detailed notification and public disclosure of the transactions.

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.