NOTIFICATION OF LARGE SHAREHOLDING – PROXIES FOR ANNUAL GENERAL MEETING

The Chairman of the Board of Directors of Otello Corporation ASA, Andrè Christensen, has received power of attorneys to represent and vote for 17,896,401 shares or 12.92 % of the voting shares at Otello’s Annual General Meeting to be held on 2 June 2020. In addition, Mr. Christensen hold 24,341 shares. Hence, following the receipt of the powers of attorney, Mr. Christensen controls 12.94 % of the voting shares. The power of attorneys are without voting instructions. The power of attorneys are only valid at the Annual General Meeting on 2 June 2020. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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.