Otello Corporation ASA calling notice for Extraordinary General Meeting

Reference is made to the request by Sand Grove for an extraordinary general meeting. The meeting will be held on 4 September 2020 at 0900 CET. Please find attached the calling notice with appendices, which also include separate recommendations from the Nomination Committee with respect to the proposals made by Sand Grove.

Due to the COVID-19 pandemic, shareholders are asked to provide proxies rather than to meet in person, please see the calling notice for further information, which also sets out details for how to participate in the meeting by telephone.

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.