NOTIFICATION OF TRANSACTION PURSUANT TO SECTION 4-2 OF THE SECURITIES TRADING ACT

Anooj Unarket, Board member of Otello Corporation ASA, has as of 27 February 2020
purchased, on behalf of certain related parties, 169,405 shares in Otello Corporation ASA at a
price of NOK 16.53 per share.

The balance of Anooj Unarket and related parties' holdings after the transaction totals 33,156,129 shares.