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

Anooj Unarket, Board member of Otello Corporation ASA, has on behalf of certain related parties, as of 7th September 2020, acquired interests in 22,458 shares of Otello Corporation ASA at an average price of NOK 16.32 per share.

The balance of Anooj Unarket and related parties' holdings after the transaction totals 37,648,887 shares.