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

Anooj Unarket, Board member of Otello Corporation ASA, has as of 6th March 2020
purchased, on behalf of certain related parties, 1,008,519 shares in Otello Corporation ASA
(1,000,000 at a price of NOK 15.44 per share and 8,519 at a price of NOK 16.26 per share).
The balance of Anooj Unarket and related parties' holdings after the transaction totals
34,180,334 shares.