On 25 February 2025, the board of directors of Otello Corporation ASA (the "Company") passed a resolution to reduce the Company's share capital by NOK 182,199, through redemption of in total 9,109,950 treasury shares. The resolution was carried out in accordance with the board authorization set out in clause 7 of the Company's articles of association, cf. section 12-7 of the Norwegian Public Limited Liability Companies Act. Following registration of the share capital reduction, the new share capital will be NOK 1,639,795.58 divided into 81,989,779 shares, each having a face value of NOK 0.02.