Otello Corporation ASA - Buyback of shares

Oslo, 12 April 2021 In reference to the buyback program announced 7 April 2021, Otello Corporation ASA has purchased 109 000 of its own shares. The shares were purchased at an average price of NOK 31,1111 per share. Date Number of shares Weighted average price 08 April 21 55 000 31,0062 09 April 21 54 000 31,2179 Following this transaction, Otello Corporation ASA owns 990 445 of its own shares. A detailed overview of all transactions made under the buyback program is attached. Petter Lade, CFO Phone: +47 91143878 E-mail: petterl@otellocorp.com About Otello: Otello holds shares in several different businesses, including (i) AdColony which helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 2 billion; (ii) Bemobi, a Mobile Media and Entertainment company which integrate people and mobile content through technology and offers a leading subscription-based discovery service for mobile apps in Latin America and beyond; (iii) Skyfire which offers cloud-based network solutions for mobile operators and (iv) Vewd which offers OTT services in the Connected TV space.