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Regulatory press release

OTEC: Calling notice for Annual General Meeting

Otello
The Board of Directors hereby calls for an Annual General Meeting to be held in
Otello Corporation ASA (the "Company") on Thursday June 1, 2023, at 9:00am
Norwegian time in the offices at Schjødt law-firm, Ruseløkkveien 14, Oslo,
Norway. Shareholders may provide votes prior to the AGM by submission of a
proxy. Proxy forms are attached the calling notice as Enclosure C.

The Company has arranged for shareholders to be able to call in to the AGM and
as such participate in the meeting and have the possibility to raise questions
to the Company's representatives. Votes cannot be cast by phone. Call-in details
are given in the attached calling notice.

Attendance and proxy forms attached the calling notice as Enclosure E must be
received no later than noon/12.00 a.m. (CET) May 28, 2023. The Board of
Directors' report and the annual accounts, together with the auditor's report
for 2022 (Enclosure A to the calling notice) are contained in the annual report
and are available at www.otellocorp.com.

Petter Lade, CFO
Phone: +47 91143878
E-mail: petterl@otellocorp.com
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