Otello Corporation share buyback program status

Reference is made to the stock exchange notice from 7 April 2025 announcing the initiation of the share buyback program for Otello Corporation ASA (the Company). From 14 April 2025 through 16 April 2025, Pareto Securities AS has bought 334,920 shares on behalf of the Company at an average price of NOK 8.99 and a total value of NOK 3,011,798. Since the initiation of this share buyback program a total of 1,044,320 shares at an average price of NOK 8.63 and a total value of NOK 9,013,492 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 buyback program is 3,688,364 (being the maximum remaining number of outstanding shares that can be purchased under the existing authorization). At present date, Otello owns 1,044,320 treasury shares in the Company. The shares are purchased in accordance with the authorization granted at the company's annual general meeting on 3 June 2024.