Disclosure of Large Shareholding crossing

1. name of the person subject to the notification requirement, - Kite Lake Capital Management (UK) LLP
2. background for the notification, - Crossing above 5% holding threshold
3. name of the issuer, Otello Corp ASA
4. description of the financial instrument - Equity
5. type of transaction, - Purchase
6. timing of and market for the transaction, 06 March 2019
7. price and volume of the transaction, and +76,807 @ 14.0059
8. holding after the transaction. 7,031,920 shares (5.01%)