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Regulatory press release

OTEC: Otello Corporation share buyback program status

Otello
Reference is made to the stock exchange notice from 22 September 2025 announcing
the initiation of the share buyback program for Otello Corporation ASA (the
Company). From 10 November 2025 through 14 November 2025, Pareto Securities AS
did not buy any shares on behalf of the Company. Since the initiation of this
share buyback program a total of 1,039,642 shares at an average price of NOK
14.84 and a total value of NOK 15,428,942 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 3,689,541. At present date, Otello owns 1,039,642 treasury
shares in the Company. The shares are purchased in accordance with the
authorization granted at the company's annual general meeting on 15 September
2025.
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