Request for new extraordinary general meeting

The Company has received a request from Sand Grove to convene an extraordinary general meeting in order to consider the position as chairperson of the Nomination Committee. Please see the attached letter from Sand Grove. Further items to the agenda may be added by the board of directors. In accordance with its statutory obligations, the board of directors will call for a general meeting to be held within one month.

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.