Otello Corporation ASA – Buyback of shares

Oslo, 26 April 2021

In reference to the buyback program announced 7 April 2021, Otello Corporation ASA has purchased 267 954 of its own shares. The shares were purchased at an average price of NOK 31,4875 per share.

Date                      Number of shares            Weighted average price

19 April 21           54 542                                   31,6685

20 April 21           60 000                                   31,4632

21 April 21           50 912                                   31,1761

22 April 21           57 500                                   31,4757

23 April 21           45 000                                   31,6677

Following this transaction, Otello Corporation ASA owns 1 523 667 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.