Otello Corporation ASA – Buyback of shares

Oslo, 19 April 2021

In reference to the buyback program announced 7 April 2021, Otello Corporation ASA has purchased 265 268 of its own shares. The shares were purchased at an average price of NOK 31,3205 per share.

Date                      Number of shares            Weighted average price

12 April 21           55 000                                   30,6190

13 April 21           54 230                                   31,0198

14 April 21           57 500                                   31,4701

15 April 21           50 029                                   31,6698

16 April 21           48 509                                   31,9143

Following this transaction, Otello Corporation ASA owns 1 255 713 of its own shares.

A detailed overview of all transactions made under the buyback program is attached.

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.