Otello Corporation share buyback program status

Reference is made to the stock exchange notice from 3 February 2025 announcing the continuation of the share buyback program for Otello Corporation ASA (the Company). From 10 February 2025 through 14 February 2025, Pareto Securities AS has bought 346,900 shares on behalf of the Company at an average price of NOK 7.58 and a total value of NOK 2,631,058. Since the initiation of this continuation of the share buyback program a total of 649,900 shares at an average price of NOK 7.59 and a total value of NOK 4,933,848 have been acquired. The maximum consideration to be paid for shares acquired under this buyback program is NOK 15 per share and the maximum number of shares that can be purchased under this continuation of the buyback program is 866,690 shares (being the maximum remaining number of outstanding shares that can be purchased under the existing authorization). At present date, Otello owns 8,893,160 treasury shares in the Company (including those acquired under the previous buyback program). The shares are purchased in accordance with the authorization granted at the company's annual general meeting on 3 June 2024.