Presentation of 1Q 2020 results

Otello Corporation ASA (the "Company") is presenting its 1Q 2020 results on Thursday, May 7, 2020, at 08:00am CET. Due to the ongoing Covid-19 pandemic, the Company will not invite to a meeting with physical presence. Rather, the results will be released at 07:00am CET and an live audiocast of the presentation will be held at 08:00am CET, which will be available at: https://otellocorp.com/ir It will be possible to raise questions during the audiocast.

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.